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): November 4, 2008

PACCAR Inc
(Exact name of registrant as specified in its charter)

Delaware	001-14817	91-0351110
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

777 106th Avenue NE, Bellevue, WA	98004
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (425) 468-7400

(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))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
 
On November 4, 2008, the PACCAR Inc Board of Directors named Kirk S. Hachigian and Warren R. Staley to the PACCAR Inc Board of Directors effective December 9, 2008.

Kirk S. Hachigian will serve as a Class I director and Warren R. Staley will serve as a Class II director. The information required by Item 5.02(d)(3) is not available at this time. There are no reportable transactions for either individual under Item 404 (a) of Regulation S-K. Each director will receive compensation for his services in accordance with the Company’s standard compensatory arrangements for non-employee directors. These arrangements include an annual retainer of $75,000 prorated for 2008 to $18,750, Board meeting fees of $7,500 per meeting, Committee meeting fees of $5,000 per meeting, and an annual restricted stock award of $90,000 prorated for 2008 to $22,500. Two press releases announcing the Board action are attached as Exhibits 99.1 and 99.2 to this Report.
 

Item 9.01 Financial Statements and Exhibits

(c) Exhibits.

The following are furnished as Exhibits to this Report.

Exhibit Number	Description
99.1 99.2	Press release of November 4, 2008 regarding Kirk S. Hachigian Press release of November 7, 2008 regarding Warren R. Staley

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.

	PACCAR Inc
Date: November 7, 2008	By:	/s/ D. C. Anderson
		D. C. Anderson
		Vice President and General Counsel

 

EX-99.1

Exhibit 99.1

Kirk Hachigian Named to PACCAR Board

November 4, 2008, Bellevue, Washington – Mr. Kirk S. Hachigian has been named to PACCAR Inc’s (Nasdaq:PCAR) Board of Directors, effective December 9, 2008, according to Mark C. Pigott, PACCAR chairman and chief executive officer.

Mr. Hachigian is chairman, chief executive officer and president of Cooper Industries Ltd., a manufacturer of electrical products and tools.  He was named president and joined Cooper’s board in 2004.  In 2005, he was named chief executive officer and became chairman in 2006.  During his seven years with Cooper Industries, he has been instrumental in growing the company worldwide.  Mr. Hachigian earned a master’s degree in business administration from The Wharton School.

“PACCAR is very pleased that Kirk Hachigian will be joining the Board.  His experience in manufacturing high-quality products throughout the world will provide a strong perspective that will benefit PACCAR in its global growth,” said Mark Pigott.

PACCAR is a global technology leader in the design, manufacture and customer support of  high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.  It also provides financial services and information technology and distributes truck parts related to its principal business.

PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage is www.paccar.com.

EX-99.2

Exhibit 99.2

Warren Staley Named to PACCAR Board

November 7, 2008, Bellevue, Washington – Mr. Warren R. Staley has been named to PACCAR Inc’s Board of Directors, effective December 9, 2008, according to Mark C. Pigott, PACCAR chairman and chief executive officer.

Mr. Staley served as chairman and chief executive officer of Cargill, Inc., an international provider of food, agricultural and risk management products and services from 1999 until his retirement in 2007. Cargill is the second largest privately held company in the United States. He joined Cargill in 1969 and was elected president and chief operating officer in 1998, chief executive officer and chairman in 1999.

“PACCAR is very pleased that Mr. Staley will be joining the Board. His excellent leadership of a sophisticated global company engaged in many industries will provide a strategic insight that will benefit PACCAR and its shareholders,” said Mark Pigott.

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. It also provides financial services and information technology and distributes truck parts related to its principal business.

PACCAR shares are traded on the Nasdaq Global Select Market, symbol PCAR, and its homepage is www.paccar.com.