UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section l3 and l5(d) of the
Securities Exchange Act of l934
May 18, 2006
------------
Date of report (date of earliest event reported)
STANDARD PARKING CORPORATION
----------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware
--------
(State or Other Jurisdiction of Incorporation)
000-50796 16-1171179
--------- ----------
(Commission File Number) (IRS Employer Identification No.)
900 N. Michigan Avenue, Suite 1600, Chicago, Illinois 60611
-----------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(312) 274-2000
----------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
--------------
(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
CFR 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))
1
Section 1 - Registrant's Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On May 18, 2006, the company and Edward E. Simmons entered into an Amended
and Restated Executive Employment Agreement effective as of May 1, 2007, whereby
Edward E. Simmons will continue his employment with the company as an Executive
Vice President for three (3) years ending on April 30, 2010. Pursuant to the
Amended and Restated Executive Employment Agreement, the company will pay Edward
E. Simmons an annual base salary of $290,000.00, plus an annual bonus based upon
the terms and conditions of an annual bonus program established by the company
for similarly situated Executive Vice Presidents. The target level for such
annual bonus is $100,000.00. Edward E. Simmons is also a partial owner of D & E
Parking, Inc., a privately held company which provides management consulting
services to the company. A copy of the Amended and Restated Executive Employment
Agreement dated May 18, 2006 is attached as Exhibit 10.1 to this Form 8-K.
Section 9-Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
10.1 Amended and Restated Executive Employment Agreement dated
May 18, 2006
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
STANDARD PARKING CORPORATION
May 22, 2006 By: /s/ G. MARC BAUMANN
------------------------
G. Marc Baumann
Chief Financial Officer
3
INDEX TO EXHIBITS
EXHIBIT DESCRIPTION OF EXHIBIT
- ------- ----------------------
10.1 Amended and Restated Executive Employment Agreement dated
May 18, 2006
4