Boeing Company 8-K 2007
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
October 28, 2007
Date of Report (Date of earliest event reported)
The Boeing Company
(Exact Name of Registrant as Specified in Charter)
(Registrants Telephone Number, Including Area Code)
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:
On October 28, 2007, the Compensation Committee adopted and approved, or recommended to the Board of Directors (the Board) of The Boeing Company (Boeing or the Company), as appropriate, and on October 29, 2007, the Board adopted amendments generally effective January 1, 2008 to certain compensation plans of the Company in which the Companys named executive officers or directors participate.
For the following plans, these amendments were adopted primarily to conform the plans to the requirements and final and transition regulations promulgated under Section 409A of the Internal Revenue Code of 1986, as amended (the Code):
For the following plans, these amendments were adopted primarily to clarify the Companys intention that all payments under the plans will satisfy the requirements for exemption from Code Section 409A:
In addition to the amendments related to Code Section 409A, the Board amended the SBP to: (1) provide that, beginning in 2009, participants will be permitted to elect to invest their account balances among the same array of funds (other than the Boeing Stock Fund and the Stable Value Fund) as the funds available under the DCP and the Companys Voluntary Investment Plan, a 401(k) retirement savings plan (the VIP), in addition to the current interest crediting method; and (2) set the deferral election rate to the maximum permissible percentage that an employee can elect to contribute under the VIP.
The Board also amended the ISP, the AIP and the ICP to incorporate the Companys executive clawback policy adopted in 2006. This policy is contained in the Companys Corporate Governance Principles and may be viewed on the Boeing website at www.boeing.com/corp_gov/.
The foregoing description of these amendments to the Companys plans is qualified in its entirety by reference to the amended and restated plans, which are filed herewith as Exhibits 10.1 through 10.9 and are incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: November 1, 2007
INDEX TO EXHIBITS