8-K 1 a06-5194_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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):  February 10, 2006
 

NBTY, INC.

 (Exact Name of Registrant as Specified in Charter)

 

001-31788

(Commission File Number)

 

DELAWARE

 

11-2228617

(State or Other Jurisdiction

 

(I.R.S. Employer

of Incorporation)

 

Identification No.)

 

 

 

90 Orville Drive

 

 

Bohemia, New York

 

11716

(Address of Principal Executive Offices)

 

(Zip Code)

 

(631) 567-9500

(Registrant’s telephone number, including area code)

 

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):

 

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 (17CFR 240.14d-2(b))

o  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 February 10, 2006, the Board of Directors of NBTY, Inc. (the “Board”) ratified the December 16, 2005 decision of the Compensation and Stock Option Committee (the “Committee”) that Mr. Scott Rudolph shall receive the salary and bonus set forth next to his name in the following table.  In addition, on February 10, 2006, based upon the December 16, 2005 recommendation of the Committee, the Board determined that each of the other named executive officers (as defined in Regulation S-K item 402(a)(3)) shall receive the salary and bonus set forth next to their respective names:

 

EXECUTIVE OFFICER

 

2006 SALARY

 

2005 BONUS

 

Scott Rudolph
Chairman and CEO

 

 

(1)

$

500,000

 

Harvey Kamil
President and CFO

 

 

(1)

$

350,000

 

Michael C. Slade
Secretary and Senior Vice President

 

$

359,890

(2)

$

—

 

James P. Flaherty
Senior Vice President—Marketing and Advertising

 

$

273,000

(3)

$

35,000

 

William J. Shanahan
Vice President—Information Systems

 

$

239,000

(3)

$

90,000

 

 

(1)                  Pursuant to the terms of their respective Employment Agreements, Messrs. Rudolph’s and Kamil’s salary increases shall be equal to the percentage increase of the Consumer Price Index for the period from January 1, 2005 to January 1, 2006, as determined by the Bureau of Labor Statistics of the United States Department of Labor.  For 2005, the salaries of Messrs. Rudolph and Kamil were $813,472 and $455,545, respectively.  Messrs. Rudolph’s and Kamil’s salary increases shall take effect as of January 1, 2006.

 

(2)                  Unchanged.

 

(3)                  The salary increases for Messrs. Flaherty and Shanahan shall take effect on February 27, 2006.

 

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.

 

 

Dated: February 15, 2006

 

 

NBTY, INC.

 

 

 

 

 

By

/s/ Harvey Kamil

 

 

 

Harvey Kamil

 

 

President and Chief Financial Officer

 

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