This excerpt taken from the CSAR DEF 14A filed Apr 8, 2005.
EQUITY INCENTIVE PLAN
At the 2003 Annual Meeting of Shareholders, the Companys shareholders approved the Caraustar Industries, Inc. 2003 Long-Term Equity Incentive Plan (the Incentive Plan). In February 2005, the Compensation Committee and the full Board unanimously approved, subject to shareholder approval, a First Amendment to the Caraustar Industries, Inc. 2003 Long-Term Equity Incentive Plan (the Amendment). If approved by the Companys shareholders, the Amendment will amend the Incentive Plan to include directors of the Company in the group of eligible participants in the Incentive Plan, and to provide that directors may receive awards of unrestricted common stock. Participation has previously been limited to selected full-time employees of the Company.
The following summary is qualified in its entirety by reference to the text of the Incentive Plan and the Amendment. A copy of the Incentive Plan was included with the Companys proxy statement for its 2003 Annual Meeting of Shareholders and will be provided to any shareholder upon written request to the Corporate Secretary. A copy of the Amendment is attached as Appendix A to this proxy statement.