8-K: Current report filing
Published on December 19, 2006
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(D) of the
Securities
Exchange Act of 1934
December 13,
2006
(Date
of
earliest event reported)
BALL
CORPORATION
(Exact
name of Registrant as specified in its charter)
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Indiana
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1-7349
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35-0160610
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(State
of
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(Commission
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(IRS
Employer
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Incorporation)
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File
No.)
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Identification
No.)
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10
Longs Peak Drive, P.O. Box 5000, Broomfield, CO 80021-2510
(Address
of principal executive offices, including ZIP Code)
(303)
469-3131
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
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 (see General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
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Ball
Corporation
Current
Report on Form 8-K
Dated
December 19, 2006
Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers
On
December 13, 2006, the Human Resources Committee (the “Committee”) of the
Board of Directors of Ball Corporation (the “Company”) took the following
actions:
The
Committee adopted and approved amendments to the 2005 Deferred Compensation
Company Stock Plan (“DCCSP” or the “Plan”) to provide for diversification of
each Participant’s deferred compensation. Specifically, the Committee amended
the Plan to permit one hundred percent (100%) of the deferred units in the
2005
DCCSP to be diversified subject to the following limitations: fifty percent
(50%) of the deferred units must be held until retirement at age 55 or later
in
a separate account. Following retirement, the Participant may diversify all
of
the units held in this account into notional mutual fund investment(s). The
other fifty percent (50%) of the deferred units will be held in a second
account. Each year the Participant may diversify up to fifty percent (50%)
of
the prior year-end balance of this second account into notional mutual fund
investment(s). The twenty percent (20%) match on restricted deferred units
(up
to a maximum match of twenty thousand dollars ($20,000.00) in a year) would
be
deposited into the account that must be held in deferred units until retirement.
The officers of the Company and their designees are authorized to implement
the
said amendments effective January 1, 2007, or at such later date in 2007 as
the officers of the Company or their designees determine is administratively
feasible.
Item
9.01. Financial Statements and Exhibits
(d) Exhibits.
The
following is furnished as an exhibit to this report:
Exhibit
10.1 Ball
Corporation 2005 Deferred Compensation Company Stock Plan, as amended and
restated.
SIGNATURE
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.
BALL
CORPORATION
(Registrant)
By:
/s/
Raymond J. Seabrook
Name:
Raymond J. Seabrook
Title: Senior
Vice President and Chief
Financial Officer
Date: December 19,
2006
Ball
Corporation
Form
8-K
December 19,
2006
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EXHIBIT
INDEX
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Description
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Exhibit
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Ball
Corporation 2005 Deferred Compensation Company Stock Plan, as
amended and
restated
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10.1
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