-----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, HfmjpQlicULXgySMiVxOlA33hsAyAWySzb4uIgzBz42qaoobt3rZv6XKh3aDDvI7 UyeiVSe/9/MskOiIm31C6A== 0001341004-06-000540.txt : 20060224 0001341004-06-000540.hdr.sgml : 20060224 20060224170933 ACCESSION NUMBER: 0001341004-06-000540 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060223 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060224 DATE AS OF CHANGE: 20060224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STILLWATER MINING CO /DE/ CENTRAL INDEX KEY: 0000931948 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS METAL ORES [1090] IRS NUMBER: 810480654 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13053 FILM NUMBER: 06643875 BUSINESS ADDRESS: STREET 1: 1321 DISCOVERY DRIVE CITY: BILLINGS STATE: MT ZIP: 59102 BUSINESS PHONE: 406.373.8700 MAIL ADDRESS: STREET 1: 1321 DISCOVERY DRIVE CITY: BILLINGS STATE: MT ZIP: 59102 8-K 1 nyc1092578.htm FORM 8-K

 

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 23, 2006

 

Stillwater Mining Company

(Exact name of registrant as specified in its charter)

 

Delaware

1-13053

81-0480654

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

1321 Discovery Drive, Billings, Montana

59102

(Address of Principal Executive Offices)

(Zip Code)

 

Registrant's telephone number, including area code

(406) 373-8700

 

Not applicable

(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):

 

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 1.01 Entry Into a Material Definitive Agreement.

 

On February 23, 2006, the Board of Directors (the "Board") of Stillwater Mining Company (the "Company") approved an increase in the amount of the annual equity compensation grants made to non-employee directors pursuant to the Company's 2004 Equity Incentive Plan. In January 2005, the Board adopted a policy that non-employee directors annually receive Company common stock valued at least at $10,000. On February 23, 2006, the Board voted to increase the annual stock grant requirement from $10,000 to $20,000.

 

This increase was developed with the assistance of an independent consulting firm and was recommended to the Board by the Compensation Committee. The Company believes this increase will make the Company's overall Board fees more competitive and more closely link the directors' equity compensation with stockholder interests.

 

In December 2004, the Board implemented a guideline that non-employee directors should own Company stock having a value of at least $100,000. Each director is asked to comply with this new guideline by the fifth anniversary of his or her election to the Board. Current directors are asked to comply by the date of the 2009 annual meeting of stockholders.

 

 


 

 

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.

 

 

 

STILLWATER MINING COMPANY

 

 

Dated: February 24, 2006

By:

/s/ John Stark

Name: John Stark

Title:   Vice President, Human Resources,

Secretary and General Counsel

 

 

 

 

 

 

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