8-K

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):            March 24, 2008

Commercial Vehicle Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-50890	41-1990662
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
7800 Walton Parkway, New Albany, Ohio		43054
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code:		614-289-5360
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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

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

TABLE OF CONTENTS

	Item 1.01 Entry into a Material Definitive Agreement.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Exhibit Index
2008 Bonus Plan

Item 1.01 Entry into a Material Definitive Agreement.

On March 24, 2008, the Compensation Committee of the Board of Directors of Commercial Vehicle Group, Inc. (the “Company”) approved the Commercial Vehicle Group, Inc. 2008 Bonus Plan (the “2008 Bonus Plan”). Each executive officer is eligible to participate in the 2008 Bonus Plan. The 2008 Bonus Plan reflects certain changes to the formula for calculating the annual cash incentive payment as follows: (i) the “Company Factor” for purposes of the annual incentive payment will be based on the Company’s achievement of EBITDA, rather than net income as in prior years; (ii) for the first time, the annual incentive payment opportunity will be specifically allocated 70% to the “Company Factor” and 30% to an “Individual Factor” consisting of individual objectives tied to each participant’s responsibilities; and (iii) the “Company Factor” will be applied independently to 70% of the annual incentive opportunity and the “Individual Factor” will be applied independently to 30% of the annual incentive opportunity, rather than applying the multiple of the “Company Factor” and “Individual Factor” to the total annual incentive opportunity as in prior years. A copy of the Bonus Plan is filed herewith as Exhibit 10.1 and is incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d)       Exhibits.

10.1       Commercial Vehicle Group, Inc. 2008 Bonus 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.

	Commercial Vehicle Group, Inc.
March 25, 2008	By:	/s/ Chad M. Utrup
		Name:	Chad M. Utrup
		Title:	Chief Financial Officer

Exhibit Index

Exhibit No.	Description
10.1	Commercial Vehicle Group, Inc. 2008 Bonus Plan

EX-10.1

Exhibit 10.1

COMMERCIAL VEHICLE GROUP, INC.
2008 BONUS PLAN

Formula for Participants

BONUS = (Salary x BF1 x 70% x BF2) + (Salary x BF1 x 30% x BF3)

Bonus Factor 1 (“BF1”) is the factor awarded to participants in the plan (percent of base salary).

Bonus Factor 2 (“BF2” or “The Company Factor”) makes up 70% of the bonus calculation and is based on EBITDA achievements for 2008. Executive management will be based on the EBITDA performance of Commercial Vehicle Group, Inc. for 2008 and will be calculated before all applicable bonus expenses are reflected and accrued for the current year.

The target level for a payout is based on the company’s business plan for the current year and would result in a 90% payout. The threshold level for a payout is based on the minimum acceptable performance of the company and is set at approximately 85% of the current year target, resulting in a 50% payout. The maximum potential payout is set at approximately 115% of the current year target, resulting in a 130% payout. In the event that the company does not attain its 50% payout threshold target, or should the company exceed its 130% payout maximum target, payments may be suspended, prorated or increased subject to approval of the Compensation Committee of the Board of Directors.

Bonus Factor 3 (“BF3” or “The Individual Factor”) makes up the remaining 30% of the bonus calculation and is independent of the BF2 measurement. Objectives for each position are assigned and these objectives should tie to the performance of each participant’s responsibilities and reflect the results necessary to support the overall company goals, including but not limited to: (1) cost reduction efforts, (2) integration of acquisitions, (3) inventory reduction efforts and (4) increases in revenue. They should be important to the company’s immediate and long-term objectives, represent a significant effort on the individual’s part and be in support of operating and financial targets for the 2008 business plan in each participant’s functional area.

The Compensation Committee of the Board of Directors reserves the right to review, modify and approve, at its sole discretion, all BF3 percentages of executive management.

* EBITDA is defined as Earnings Before Interest, Taxes, Depreciation and Amortization. The Compensation Committee reserves the right to review, modify and approve the final EBITDA calculation as it relates to the 2008 Bonus Plan for the sole purpose of ensuring that the bonus payments are calculated with the same intentions in which the targets have been set for the current year.