SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 28, 2005
PATRIOT TRANSPORTATION HOLDING, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 0-17554 59-2924957
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1801 Art Museum Drive 32207
Jacksonville, Florida
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (904) 396-5733
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General
Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CRF 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
CURRENT REPORT ON FORM 8-K
PATRIOT TRANSPORTATION HOLDING, INC.
November 28, 2005
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
At a meeting concluded on November 28, 2005, the
Compensation Committee of the Board of Directors approved (i)
cash bonuses payable to certain officers, including the named
executive officers, under the Company's Management Incentive
Compensation Plan ("MIC Plan") with respect to the 2005 fiscal
year, (ii) the goals and objectives and potential bonus awards
for certain officers, including the named executive officers,
under the MIC Plan for the 2006 fiscal year, and (iii) new base
salaries for certain officers, including the named executive
officers, for the 2006 calendar year. The specific modifications
to the existing compensation arrangements are set forth in
Exhibit 10.1 attached to this Current Report on Form 8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 10.1 Modifications of Compensation Arrangements
with Named Executive Officers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Current Report to be
signed on its behalf by the undersigned thereunto duly
authorized.
PATRIOT TRANSPORTATION HOLDING, INC.
Date: December 1, 2005 By: /s/ Ray M. Van Landingham
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Ray M. Van Landingham
Vice President, Finance and
Administration and Chief Financial
Officer
EXHIBIT INDEX
Exhibit No.
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10.1 Modifications of Compensation Arrangements with Named
Executive Officers.