-----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, OIABBEvL5xK0+A1bPO3dYbU61JfzClWZkD8anuGutuGKeHo7FQMu4kcpDd4RcyJ6 VM3HoVo52Nc9SVHuKS+zDQ== 0000026172-05-000007.txt : 20050218 0000026172-05-000007.hdr.sgml : 20050218 20050218161533 ACCESSION NUMBER: 0000026172-05-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050218 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050218 DATE AS OF CHANGE: 20050218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CUMMINS INC CENTRAL INDEX KEY: 0000026172 STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510] IRS NUMBER: 350257090 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04949 FILM NUMBER: 05627790 BUSINESS ADDRESS: STREET 1: 500 JACKSON ST STREET 2: BOX 3005 MAIL CODE 60207 CITY: COLUMBUS STATE: IN ZIP: 47202-3005 BUSINESS PHONE: 8123773259 MAIL ADDRESS: STREET 1: BOX 3005 MAIL CODE 60207 STREET 2: 500 CITY: COLUMBUS STATE: IN ZIP: 47202-3005 FORMER COMPANY: FORMER CONFORMED NAME: CUMMINS ENGINE CO INC DATE OF NAME CHANGE: 19920703 8-K 1 cummins8k0218051.htm CUMMINS ENGINE COMPANY, INC

UNITED STATES
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

Date of Report:  February 18, 2005

  CUMMINS INC.
(Exact name of registrant as specified in its charter)

Indiana
(State or other Jurisdiction of
Incorporation)

1-4949
(Commission File Number)

35-0257090
(I.R.S. Employer Identification
 No.)

500 Jackson Street
P. O. Box 3005
Columbus, IN  47202-3005
(Principal Executive Office)  (Zip Code)

Registrant's telephone number, including area code:  (812) 377-5000

  

 

Section 1 - Registrant's Business and Operations

     Item 1.01 Entry into a Material Definitive Agreement

The Company maintains a Senior Executive Bonus Plan, a Senior Executive Medium Term Plan, and a 2003 Stock Incentive Plan (collectively, the "Plans") under which annual cash bonuses, and targeted cash and stock awards may be earned by executive officers of the Company based on Company performance against pre-determined financial performance measures ("Performance Measures").  Under each of the Plans, the Company's Compensation Committee of the Board of Directors may determine the Performance Measures to be return on equity, return on sales, net income, sales growth, return on assets, total shareholder return, free cash flow, or a combination thereof during a future period of time.

On February 14, 2005, the Compensation Committee (i) determined the Performance Measure with respect to payments to be made, if any, in 2006 under the Senior Executive Bonus Plan to be return on average net assets (ROANA) during 2005, and (ii) made targeted cash awards under the Senior Executive Medium Term Plan and targeted restricted stock awards under the 2003 Stock Incentive Plan to be paid, if they are earned, in 2007 based on the Performance Measure of return on equity (ROE) during the 2-year period 2005-2006.

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 18, 2005

Cummins Inc.

 

 

By:  /s/ Marsha L. Hunt
______________________________

Marsha L. Hunt
Vice President - Corporate Controller
Principle Accounting Officer

 

 

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