8-K 1 p71826e8vk.txt 8-K 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 (Date of earliest event reported): January 30, 2006 SWIFT TRANSPORTATION CO., INC. (Exact Name of Registrant as Specified in Charter) Nevada 0-18605 86-0666860 ____________________________ ____________________ __________________ (State or Other Jurisdiction (Commission File (IRS Employer of Incorporation) Number) Identification No.) 2200 South 75th Avenue, Phoenix, Arizona 85043 _____________________________________________________________ (Address of Principal Executive Offices) (Zip Code) (602) 269-9700 ____________________________________________________ (Registrant's telephone number, including area code) _____________________________________________________________ (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 January 30, 2006, the Compensation Committee of the Board of Directors of Swift Transportation Co., Inc. (the "Company") adopted a bonus and incentive plan for the Company's executive officers, management and employees eligible for bonuses. Under the plan, these individuals can be awarded bonuses and performance shares based on the Company's achievement of growth in earnings per share over the previous year. On January 31, 2006, the Board of Directors approved participation in the plan by the Company's Chief Executive Officer. The Board has discretion to make all awards under the plan. The Board also approved a bonus of $150,000 payable 1/3 in stock and 2/3 in cash for the Company's Chief Executive Officer for his performance during 2005. ITEM 8.01 OTHER EVENTS On January 30, 2006, the Board of Directors established an Executive Committee authorized to exercise all powers of the Board of Directors. The Executive Committee includes, Messers. Jock Patton, Robert Cunningham, Samuel Cowley, Karl Eller, Alphonse Frei, David Goldman, Paul Mecray, III and Ms. Karen Rasmussen. 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 3, 2006 SWIFT TRANSPORTATION CO., INC. /s/ Glynis Bryan _______________________________ By: Glynis Bryan Chief Financial Officer