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United Rentals 8-K 2006

Documents found in this filing:

  1. 8-K
  2. 8-K
Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 8-K

 


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 4, 2006

 


UNITED RENTALS, INC.

UNITED RENTALS (NORTH AMERICA), INC.

(Exact name of Registrants as Specified in their Charters)

 


 

Delaware

Delaware

 

001-14387

001-13663

 

06-1522496

06-1493538

(States or Other Jurisdiction

of Incorporation)

  (Commission file Numbers)  

(IRS Employer

Identification Nos.)

 

Five Greenwich Office Park, Greenwich, CT   06830
(Address of Principal Executive Offices)   (Zip Code)

Registrants’ telephone number, including area code (203) 622-3131

 


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)

 

¨ Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 CFR 240.14a-2)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 1.01 Entry into a Material Definitive Agreement.

Executive Base Salaries and Bonuses

On April 4, 2006, following the filing by the company of its 2004 and 2005 financial statements with the SEC, the compensation committee of the board of directors determined to increase the base salaries of Wayland Hicks, chief executive officer, and Michael Kneeland, executive vice president—operations to $750,000 and $400,000 per annum, respectively, efffective April 1, 2006.

Under the company’s Annual Incentive Compensation Plan, the target and maximum bonus amounts for these two executive officers for 2006 are as follows: for Mr. Hicks, the target is 100% and the maximum is 150% of $750,000 base salary, and for Mr. Kneeland, the target is 100% and the maximum is 125% of $400,000 base salary.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 10th day of April, 2006.

 

UNITED RENTALS, INC.
By:  

/s/ MARTIN E. WELCH

Name:   Martin E. Welch
Title:   Chief Financial Officer
UNITED RENTALS (NORTH AMERICA), INC.
By:  

/s/ MARTIN E. WELCH

Name:   Martin E. Welch
Title:   Chief Financial Officer
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