ADC Telecommunications 8-K 2005
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
ADC Telecommunications, Inc.
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)
Item 1.01 Entry into a Material Definitive Agreement.
On October 10, 2005, ADC's Retirement Committee, which is charged with overseeing certain of our benefit plans, approved two amendments to the ADC 401(k) Excess Plan (2002 Restatement) (the "Excess Plan") which is a nonqualified, unfunded, deferred compensation and supplemental retirement plan for the benefit of a select group of management or highly compensated eligible employees. The Fourth Amendment to the Excess Plan revises rules regarding excess deferrals, fixed match, and performance match. The Fifth Amendment to the Excess Plan adds a supplemental benefit feature for management level employees who are eligible for a "transition benefit" under the ADC Retirement Savings Plan and who earn salaries in excess of a minimum threshold determined by our Retirement Committee from time to time, to be effective January 1, 2006. The Fourth and Fifth Amendments to the Excess Plan will be filed with our 10-K for the fiscal year ending October 31, 2005.
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.