-----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, R/lyHLzfWUPL78d9tKOUYNqk40sqIKT+D7O5AgtPX09vuhF9eQ8HU2OcprOJVCmG cv18TBH4WMfV0w+ERIwyAg== 0000950129-06-001410.txt : 20060213 0000950129-06-001410.hdr.sgml : 20060213 20060213170057 ACCESSION NUMBER: 0000950129-06-001410 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060208 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060213 DATE AS OF CHANGE: 20060213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SERVICE CORPORATION INTERNATIONAL CENTRAL INDEX KEY: 0000089089 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 741488375 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06402 FILM NUMBER: 06604536 BUSINESS ADDRESS: STREET 1: 1929 ALLEN PKWY STREET 2: P O BOX 130548 CITY: HOUSTON STATE: TX ZIP: 77019 BUSINESS PHONE: 7135225141 MAIL ADDRESS: STREET 1: P O BOX 130548 CITY: HOUSTON STATE: TX ZIP: 77219-0548 8-K 1 h32994e8vk.txt SERVICE CORPORATION INTERNATIONAL 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 8, 2006 SERVICE CORPORATION INTERNATIONAL ------------------------------------------------------ (Exact name of registrant as specified in its charter)
TEXAS 1-6402-1 74-1488375 ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.)
1929 Allen Parkway Houston, Texas 77019 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 522-5141 -------------------------------------------------------------- (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: [__] 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 240.13a-4(c)) ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Effective June 30, 2006, Mr. Jeffrey E. Curtiss will retire as Senior Vice President, Chief Financial Officer and Treasurer, as referenced in Item 5.02 of this report and in the attached press release. Thereafter, Mr. Curtis will remain an employee of Service Corporation International (the "Company") for a transitional period. In connection therewith, the Company will amend Mr. Curtiss' employment agreement so that Mr. Curtiss' annual base salary for July 1, 2006 to December 31, 2006 will be reduced to $100,000 and his annual base salary thereafter will be $50,000. During the transitional period, Mr. Curtiss will remain eligible to participate in Company sponsored health and welfare plans. However, Mr. Curtis will not be entitled to receive further grants of restricted stock, stock options or performance units. Mr. Curtiss will continue to participate under the Company's performance units plan with respect to previous grants in 2004 (to be determined as of December 31, 2006) and 2005 (to be determined as of December 31, 2007). ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. The Company announced on February 8, 2006, that Mr. Jeffrey E. Curtiss will retire as Senior Vice President, Chief Financial Officer and Treasurer of the Company effective June 30, 2006. It is anticipated that Mr. Curtiss will remain an employee of the Company for a transitional period. The Company also announced on February 8, 2006, that Vice President and Corporate Controller Eric D. Tanzberger was promoted to Senior Vice President. Mr. Tanzberger will assume the office of Chief Financial Officer effective June 30, 2006. Mr. Tanzberger, 37, joined the Company in August 1996 and has held various management positions prior to being promoted to Corporate Controller in August 2002. Prior to joining the Company, Mr. Tanzberger was Assistant Corporate Controller at Kirby Marine Transportation Corporation, an inland waterway barge and tanker company, from January through August 1996. Before that, he was a Certified Public Accountant with Coopers & Lybrand L.L.P. for more than five years. Mr. Tanzberger is a Certified Public Accountant and a graduate of the University of Notre Dame, where he earned a Bachelor of Business Administration degree. Mr. Tanzberger's employment agreement provides for an annual base salary and the right to participate in bonus and other compensation and benefit arrangements. In the event of Mr. Tanzberger's termination by the Company without cause, Mr. Tanzberger will be entitled to one year's salary, pro rated bonus and continuation of health benefits for one year. In the event of a change of control, Mr. Tanzberger will be entitled to terminate his employment for certain specified reasons during the two years following the change of control and receive (i) a lump-sum payment equal to two times his annual salary plus target bonus, (ii) a pro rated target bonus and (iii) continuation of health benefits for two years. He will also be entitled to receive an additional payment for any excise taxes, if applicable. A copy of the press release announcing certain management changes, including those discussed above, is attached hereto as Exhibit 99.1 and is incorporated herein by reference. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (a) Not applicable. (b) Not applicable. (c) The following exhibits are included with this Report:
Exhibit No. Description ------------ ------------------------------------- 99.1 Press Release, dated February 8, 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 13, 2006 SERVICE CORPORATION INTERNATIONAL By: /s/ James M. Shelger -------------------------------------- James M. Shelger Senior Vice President, General Counsel and Secretary Exhibit Index
Exhibit No. Description - ------------ ------------------------------------- 99.1 Press Release, dated February 8, 2006
EX-99.1 2 h32994exv99w1.txt PRESS RELEASE FOR IMMEDIATE RELEASE: SERVICE CORPORATION INTERNATIONAL ANNOUNCES MANAGEMENT CHANGES HOUSTON, TEXAS, February 8, 2006 . . . Service Corporation International (NYSE: SCI), which owns and operates funeral service locations and cemeteries, announced today certain management changes. Effective June 30, 2006, Mr. Jeffrey E. Curtiss will retire as Senior Vice President, Chief Financial Officer of the Company. Thereafter, Mr. Curtiss will remain an employee of the Company for a transitional period. Effective today, the SCI Board of Directors promoted Vice President and Corporate Controller Eric D. Tanzberger to the position of Senior Vice President and Corporate Controller. Mr. Tanzberger will assume the office of Chief Financial Officer effective June 30, 2006. Also effective today, Vice President, Major Market Operations, Sumner J. Waring, III, has been promoted to the position of Senior Vice President, Major Market Operations, and Mr. Harris E. Loring, III, has been promoted to the position of Vice President and Treasurer. Commenting on the management changes, Mr. Thomas L. Ryan, President and Chief Executive Officer, said, "I would like to personally thank Jeff Curtiss for his exemplary service as CFO during a challenging time for the Company. He has been an important part of the team that enabled the Company to reestablish its strong foundation. I am also extremely pleased with the selection of Eric Tanzberger to succeed Jeff as Chief Financial Officer. Eric has demonstrated extraordinary abilities and leadership skills during his nine and a half years with the Company." Mr. Tanzberger, 37, joined the Company in August 1996 and has held various management positions prior to being promoted to Corporate Controller in August 2002. Prior to joining the Company, Mr. Tanzberger was Assistant Corporate Controller at Kirby Marine Transportation Corporation, an inland waterway barge and tanker company, from January through August 1996. Before that, he was a Certified Public Accountant with Coopers & Lybrand L.L.P. for more than five years. Mr. Tanzberger is a Certified Public Accountant and a graduate of the University of Notre Dame, where he earned a Bachelor of Business Administration degree. Mr. Waring, 37, a licensed funeral director, joined the Company as an Area Vice President in 1996 when the Company merged with his family's funeral business. Mr. Waring was appointed Regional President of the Northeast Region in 1999 and was promoted to Regional President of the Pacific Region in September 2001. Mr. Waring was promoted to Vice President, Western Operations, in August 2002 and assumed the office of Vice President, Major Market Operations, in November 2003. Mr. Waring holds a Bachelor's degree in Business Administration from Stetson University in DeLand, Florida, a degree in Mortuary Science from Mt. Ida College and a Masters of Business Administration degree from the University of Massachusetts, Dartmouth. Page 1 Mr. Loring, 55, joined the Company in March 2000 as the Managing Director, Tax and was promoted to Assistant Treasurer in May 2004. Before joining the Company, Mr. Loring was Director, Tax at Stone & Webster, Inc. and held various corporate tax and treasury positions in other companies over a twenty-five year period. Mr. Loring is a Certified Public Accountant and holds a degree in Business Administration from Bryant College in North Smithfield, Rhode Island and a Master of Science in Taxation from Bentley College, Waltham, Massachusetts. Mr. Ryan congratulated the above individuals on their new roles, saying, "These promotions are well deserved in that they recognize the tremendous talent and leadership ability of individuals who have helped us make so much progress in the past few years. They join a seasoned group of other SCI senior managers and better position the Company to execute its strategic plan." Service Corporation International, headquartered in Houston, Texas, is the leading provider of funeral and cemetery services in the world. We have an extensive network of businesses including 1,076 funeral service locations and 358 cemeteries in North America as of December 31, 2005. For more information about Service Corporation International, please visit our website at http://www.sci-corp.com. For additional information contact: Investors: Debbie Young-Director of Investor Relations (713) 525-9088 Media: Terry Hemeyer-Managing Director/Corporate Communications (713) 525-5497 Page 2
-----END PRIVACY-ENHANCED MESSAGE-----