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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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) October 11, 2006
NOVELIS INC.
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(Exact name of registrant as specified in its charter)
Canada 001-32312 98-0442987
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3399 Peachtree Road NE, Suite 1500, Atlanta, GA 30326
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (404) 814-4200
Not Applicable
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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:
[ ] 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))
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 11, 2006, Novelis Inc. (the "Company"), entered into a
letter agreement (the "Agreement") with William T. Monahan, its Chairman and
Interim Chief Executive Officer ("Interim CEO"), regarding the terms of his
employment as Interim CEO. Pursuant to the Agreement, Mr. Monahan became the
Interim CEO effective August 28, 2006 and will serve as an "at will" employee
until a permanent Chief Executive Officer is hired. While serving as Interim
CEO, Mr. Monahan will receive, in addition to his usual compensation as Chairman
of the Board of Directors, a base salary of $65,000 per month and incentive
compensation in the sole and exclusive discretion of the Board of Directors.
Additionally, he will be reimbursed for all reasonable business expenses
incurred as Interim CEO.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
10.1 Letter Agreement between Novelis Inc. and William T. Monahan dated as
of October 11, 2006
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.
NOVELIS INC.
Date: October 17, 2006 By: /s/ Nichole Robinson
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Nichole Robinson
Secretary
INDEX TO EXHIBITS
Exhibit
Number Description
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10.1 Letter Agreement between Novelis Inc. and William T. Monahan dated as
of October 11, 2006