Item 1.01 Entry into a Material Definitive Agreement for General

Send us Feedback

General Dynamics (GD)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

GD » Topics » Item 1.01 Entry into a Material Definitive Agreement

This excerpt taken from the GD 8-K filed Mar 2, 2006.

Item 1.01 Entry into a Material Definitive Agreement

Effective March 1, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of General Dynamics Corporation (the “Company”) approved 2005 bonus payments to the Company’s named executive officers and certain other officers of the Company and its subsidiaries. The following bonus payments to the Company’s named executive officers were approved by the Committee:


Name and Principal Position	2005 Bonus Payment
Nicholas D. Chabraja Chairman of the Board and Chief Executive Officer	$	3,000,000

Michael J. Mancuso Senior Vice President and Chief Financial Officer	$	700,000

Gerard J. DeMuro Executive Vice President and Group Executive, Information Systems and Technology	$	675,000

David A. Savner Senior Vice President and General Counsel, Secretary	$	600,000

Bryan T. Moss Executive Vice President and Group Executive, Aerospace	$	580,000

Arthur J. Veitch (a) Executive Vice President and Group Executive, Combat Systems	$	600,000

(a)

Mr. Veitch resigned as an executive officer of the Company in June 2005 but remained an employee until his retirement on December 31, 2005. Mr. Veitch would have been among the four most highly compensated executive officers (other than the Chief Executive Officer) but for the fact that he was not serving as an executive officer of the Company as of December 31, 2005.

This excerpt taken from the GD 8-K filed Mar 4, 2005.

Item 1.01 Entry into a Material Definitive Agreement

Effective March 2, 2005, the Compensation Committee (the “Committee”) of the Board of Directors of General Dynamics Corporation (the “Company”) approved 2004 bonus payments to the Company’s named executive officers and certain other officers of the Company and its subsidiaries. The following bonus payments to the Company’s named executive officers were approved by the Committee:


Name and Principal Position	2004 Bonus Payment
Nicholas D. Chabraja Chairman of the Board and Chief Executive Officer	$	2,700,000

Arthur J. Veitch Executive Vice President and Group Executive, Combat Systems	$	600,000

Michael J. Mancuso Senior Vice President and Chief Financial Officer	$	575,000

Gerard J. DeMuro Executive Vice President and Group Executive, Information Systems and Technology	$	500,000

David A. Savner Senior Vice President and General Counsel, Secretary	$	500,000

-2-

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.


GENERAL DYNAMICS CORPORATION

by		/s/ John W. Schwartz
		John W. Schwartz
		Vice President and Controller
		(Authorized Officer and Chief Accounting Officer)

Dated: March 4, 2005

-3-

EXCERPTS ON THIS PAGE:

8-K	Mar 2, 2006

8-K	Mar 4, 2005

RELATED TOPICS for GD:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs

General Dynamics (GD)

GD » Topics » Item 1.01 Entry into a Material Definitive Agreement

EXCERPTS ON THIS PAGE:

RELATED TOPICS for GD:

"Item 1.01 Entry into a Material Definitive Agreement" elsewhere: