FORM 8K
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): October
26, 2006
ISLE
OF CAPRI CASINOS, INC.
(Exact
name of Registrant as specified in its charter)
Delaware
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0-20538
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41-1659606
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(State
or other
jurisdiction
of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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600
Emerson Road, Suite 300, Saint Louis, Missouri
(Address
of principal executive offices)
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63141
(Zip
Code)
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(314) 813-9200
(Registrant's
telephone number, including area code)
N/A
(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
230.245)
[
]
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
October 26, 2006, the Registrant revised its compensation structure for the
members of its board of directors, effective that day.
The
Registrant established an annual retainer to be paid to the Audit Committee
Chair and Compensation and Stock Option Chair of $15,000 and $7,500,
respectively.
The
Registrant also increased per meeting fees to be paid to members of the board
of
directors for attending in person board meetings to $4,000 and established
a per
meeting fee of $1,000 for Compliance Committee Meetings.
The
stock
option granted upon the initial election or appointment of any person to
the
board of directors was reduced from 22,500 shares to 10,000 shares.
All
other
aspects of the compensation structure for the members of the Registrant’s board
of directors remain unchanged.
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 thereunto
duly authorized.
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ISLE
OF CAPRI CASINOS, INC.
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Date: November
1, 2006
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By:
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/s/Donn
R. Mitchell, II
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Name:
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Donn
R. Mitchell, II
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Title:
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Senior
Vice President and Chief Financial Officer
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