Goodrich Corporation
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): March 15, 2006
GOODRICH CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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New York
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1-892
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34-0252680 |
(State or Other
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(Commission
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(IRS Employer |
Jurisdiction of
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File Number)
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Identification No.) |
Incorporation) |
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Four Coliseum Centre
2730 West Tyvola Road
Charlotte, North Carolina 28217
(Address of Principal Executive Offices)(Zip Code)
Registrants telephone number, including area code: (704) 423-7000
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Section 1 Registrants Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
In connection with the election of Gerald T. Witowski to the position of Vice President and
Segment President, Electronic Systems, of Goodrich Corporation (the Company), the Company and Mr.
Witowski entered into a Management Continuity Agreement dated as of March 15, 2006 in the form
incorporated by reference as Exhibit 10(AA) to the Companys Annual Report on Form 10-K for the
year ended December 31, 2005. The agreement provides for a two-year period of employment
commencing upon a change in control (as defined in the agreement) in the same position and with the
same responsibilities and authorities that Mr. Witowski possessed immediately prior to the change
in control and generally with the same benefits and level of compensation, including average annual
increases. If the Company or its successor terminates his employment during that two-year period
for reasons other than cause or he voluntarily terminates his employment for a good reason (in
each case as defined in the agreement), Mr. Witowski would be entitled to the equivalent of three
years of additional compensation and benefits (including excise tax gross-up) calculated in
accordance with the agreement.
On March 15, 2006, Mr. Witowski became eligible to participate in the Companys Supplemental
Executive Retirement Plan, the form of which is filed as Exhibit 10(W) to the Companys Annual
Report on Form 10-K for the year ended December 31, 2005. Pursuant to the plan, Mr. Witowski will
earn a supplemental pension benefit equal to 1.6 percent of his final average earnings (as defined
in the agreement) for each of his first 15 years of participation in the Companys non-qualified
defined benefit pension plan; provided, however, that the number of years of service under the
plan, when added to the number of years of credited service under the Companys tax-qualified
defined benefit pension plan, cannot exceed a total of 35. The plan also provides Mr. Witowski
with a supplemental retiree medical benefit upon termination of employment equal to the full
benefits of the Goodrich Retiree Medical Plan as then in effect, even if he is not otherwise
eligible to participate in or not entitled to full benefits under the Goodrich Retiree Medical
Plan.
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Signatures
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.
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GOODRICH CORPORATION
(Registrant) |
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Date: March 17, 2006
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By:
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/s/ Kenneth L. Wagner |
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Kenneth L. Wagner
Assistant Secretary |
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