UNITED STATES
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 2, 2009 (March 27, 2009)
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WABCO HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware |
1-33332 |
20-8481962 |
(State or other jurisdiction |
(Commission File Number) |
(I.R.S. Employer |
of incorporation) |
|
Identification No.) |
1789 Chaussee de Wavre, 1160 Brussels Belgium One Centennial Avenue, P.O. Box 6820, Piscataway, NJ |
08855-6820 |
(Address of principal executive offices) |
(zip code) |
Registrants telephone number, including area code: 32-2-663-9-800
Check the appropriate box below if the Form 8-K 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-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] 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 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 27, 2009, the Compensation, Nominating and Governance Committee of the Board of Directors of WABCO Holdings Inc. approved the proposal of the Companys Chief Executive Officer to eliminate the 2009 Annual Incentive Plan (AIP) Cash Award for the executive officers and the senior management team.
The 2009 targeted cash compensation of base salary and AIP award for executive officers and senior management is now decreased by approximately 20% to 45% as compared to the previous years plan.
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.
Date: April 2, 2009 |
WABCO HOLDINGS INC. |
|
By: |
/s/ Alfred Farha |
|
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Name: Alfred Farha |
|
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Title: Chief Legal Officer and Secretary |