Wells Fargo 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 22, 2005
WELLS FARGO & COMPANY
(Exact name of registrant as specified in its charter)
420 Montgomery Street, San Francisco, California 94104
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: 1-800-292-9932
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:
Item 1.01. Entry into a Material Definitive Agreement.
On February 22, 2005, the Human Resources Committee of the Companys Board of Directors approved incentive compensation awards to be paid under the Companys Performance-Based Compensation Policy to the Companys chief executive officer and the Companys four highest paid executive officers other than the chief executive officer (together with the chief executive officer, the Named Executive Officers) for the year ended December 31, 2004. The following table shows the amounts of these awards, together with the base salaries of the Named Executive Officers for the 12-month period beginning March 1, 2005.
Also on February 22, 2005, the Committee approved grants of stock options to each of the Named Executive Officers pursuant to the Companys Long-Term Incentive Compensation Plan and the form of Non-Qualified Stock Option Agreement filed as Exhibit 10 hereto and incorporated herein by reference, as follows: Richard M. Kovacevich 830,000 shares; David A. Hoyt 298,510 shares; Mark C. Oman 298,510 shares; John G. Stumpf 298,510 shares; and Howard I. Atkins 232,180 shares.
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.