Burlington Northern Santa Fe 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 21, 2005
Burlington Northern Santa Fe Corporation
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
(Registrants Telephone Number, Including Area Code)
(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):
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1.01. Entry into a Material Definitive Agreement.
On April 21, 2005, the Board of Directors of Burlington Northern Santa Fe Corporation (the Company) adopted the Burlington Northern Santa Fe 2005 Deferred Compensation Plan for Non-Employee Directors (the 2005 Plan). The 2005 Plan applies to deferrals made on and after April 21, 2005, and takes the place of the Burlington Northern Santa Fe Deferred Compensation Plan for Directors, deferrals under which were permitted through December 31, 2004. The 2005 Plan allows the Companys non-employee Directors to elect to defer all or a portion of the fees they would otherwise receive from the Company into investment options established under the 2005 Plan. These investment options include a Prime Rate interest account, a Company stock-equivalent (phantom stock) account, an S&P 500 index fund, and a long-term capital appreciation fund, or other investment options established under the Plans terms. Participants in the 2005 Plan would receive, based upon their elections, subsequent distributions of such amounts either in annual installments or as a lump sum after the Directors departure from the Board in accordance with applicable law.
The 2005 Plan is attached as an exhibit to this report.
Item 9.01. Financial Statements and Exhibits.
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.
BURLINGTON NORTHERN SANTA FE CORPORATION
INDEX OF EXHIBITS