CMC 8-K filed 12-16-05
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):
December
15, 2005
Cabot
Microelectronics Corporation
(Exact
name of registrant as specified in its charter)
Delaware
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000-30205
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36-4324765
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification)
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870
Commons Drive, Aurora, Illinois
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60504
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(Address
of principal executive offices)
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(Zip
Code)
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(630)
375-6631
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(Registrant’s
telephone number, including area
code)
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Not
applicable
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(Former
name or former address, if changed since last report)
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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)
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o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
1.01 Entry
into a Material Definitive Agreement.
On
December 15, 2005, the Board of Directors (the “Board”) of Cabot
Microelectronics Corporation (the “Corporation”) and the Compensation Committee
of the Board approved the performance goals for the Corporation upon which
cash
bonus awards that may be paid to the Corporation’s executive officers and other
employees under the Corporation’s Annual Incentive Program (“AIP”) for the
fiscal year ending September 30, 2006 (“Fiscal 2006”) are intended to be based.
The performance goals for Fiscal 2006 are: financial goals that include earnings
per share, gross margin as a percentage of revenue, and various growth
objectives; certain productivity, quality and customer satisfaction goals;
research and development goals that include development and advancement of
certain products and applications; and, certain new business initiative goals.
Any cash bonus award amounts pursuant to the AIP will be determined for each
participant based on levels of attainment of the indicated goals, as well as
the
attainment of individual performance objectives, as assessed by the Compensation
Committee of the Board using its discretion.
SIGNATURE
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.
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CABOT
MICROELECTRONICS CORPORATION
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Date:
December 16, 2005
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By:
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/s/
WILLIAM S. JOHNSON
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William
S. Johnson
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Vice
President and Chief Financial Officer
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[Principal
Financial Officer]
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