-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T0tR9EtjUHoG2n6VSPO6Zhy+s0yj5AiXeMSb3IzbR03nNBKT/Joey++7qq4XvElD KI8wBFHlcZOs1WpSPAxo/Q== 0000899140-06-000448.txt : 20060313 0000899140-06-000448.hdr.sgml : 20060313 20060313141440 ACCESSION NUMBER: 0000899140-06-000448 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060307 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060313 DATE AS OF CHANGE: 20060313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BERKLEY W R CORP CENTRAL INDEX KEY: 0000011544 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 221867895 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15202 FILM NUMBER: 06681684 BUSINESS ADDRESS: STREET 1: 475 STEAMBOAT ROAD STREET 2: . CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036293000 MAIL ADDRESS: STREET 1: 475 STEAMBOAT ROAD STREET 2: . CITY: GREENWICH STATE: CT ZIP: 06830 8-K 1 w031306.txt CURRENT REPORT As filed with the Securities and Exchange Commission on March 13, 2006 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): March 7, 2006 W. R. BERKLEY CORPORATION ------------------------- (Exact name of registrant as specified in its charter) Delaware 1-15202 22-1867895 - -------------- ------------------- ---------------- State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.) 475 Steamboat Road, Greenwich, CT 06830 ------------------------------------ ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (203) 629-3000 -------------- 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): |_| 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 1.01 Entry into a Material Definitive Agreement. On March 7, 2006, the Compensation and Stock Option Committee of the Board of Directors of W. R. Berkley Corporation (the "Company") approved the incentive bonus structure for William R. Berkley, the Company's Chairman of the Board and Chief Executive Officer, and for W. Robert Berkley, Jr., the Company's Executive Vice President, for the year 2006 pursuant to the terms of the Company's Annual Incentive Compensation Plan (the "Plan") that was adopted by the Company and approved by its stockholders in 2002. One measure of the maximum incentive award allowed under the Plan, which has remained unchanged since the Plan's inception, is 5% of the Company's earnings before income taxes (calculated as set forth in the Plan). William R. Berkley's 2006 annual incentive bonus was set at 80% of such maximum amount and W. Robert Berkley, Jr.'s 2006 annual incentive bonus was set at 20% of such maximum amount, subject in each case to the Committee's negative discretion based on certain factors (return on equity and such others, including, but not limited to, earnings per share, combined ratio, and qualitative objectives) to determine their actual bonus awards. 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. W. R. BERKLEY CORPORATION By: /s/ Eugene G. Ballard ------------------------------------------- Name: Eugene G. Ballard Title: Senior Vice President, Chief Financial Officer and Treasurer Date: March 13, 2006 -----END PRIVACY-ENHANCED MESSAGE-----