-----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, Bx/vnK9XWdi85FkJDnEKrZAwxKdkiIXGATJWFgDoTT626Ii2s4mrdd5qjh7BRFU7 2Qw/n++peRmS4APU6chYiA== 0000353567-05-000011.txt : 20050303 0000353567-05-000011.hdr.sgml : 20050303 20050302191245 ACCESSION NUMBER: 0000353567-05-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050225 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050303 DATE AS OF CHANGE: 20050302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ICO INC CENTRAL INDEX KEY: 0000353567 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 760566682 STATE OF INCORPORATION: TX FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08327 FILM NUMBER: 05655781 BUSINESS ADDRESS: STREET 1: 5333 WESTHEIMER ROAD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7133514100 MAIL ADDRESS: STREET 1: 5333 WESTHEIMER ROAD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 8-K 1 body.htm 8-K ELT ICP 3-2-05 8-K ELT ICP 3-2-05
 
 

 
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): February 25, 2005
 
____________________

ICO, INC.
(Exact name of registrant as specified in its charter)


Texas
(State or other jurisdiction
of incorporation)
0-10068
(Commission File
Number)
76-0566682
(I.R.S. Employer
Identification No.)

5333 Westheimer Road
Suite 600
Houston, Texas 77056
(Address of principal executive offices and zip code)

(713) 351-4100
(Registrant’s telephone number, including area code)

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 February 25, 2005, the Compensation Committee of the Board of Directors of ICO, Inc. (the “Company”) formally adopted the attached Fiscal Year 2005 Executive Leadership Team Incentive Compensation Plan (“Plan”). The Plan formally establishes bonus formulas and related requirements applicable to each member of the Company’s Executive Leadership Team for Fiscal Year 2005. The bonus will be calculated as a percentage of annual base salary, and will be payable based on the following measurements applied to the Company as a whole, for the Company’s President and Chief Executive Officer and its Chief Financial Officer and Treasurer, or to its individual business units, for the heads of those business units: (i) financial performance and (ii) the receipt of an unqualified opinion from the Company’s independent auditors regarding management’s assessment of the internal control system of the Company as a whole or an individual business unit, as applicable. The provisions in the Plan relating to the Fiscal Year 2005 bonus formula applicable to incentive compensation of the Company’s President and Chief Executive Officer, W. Robert Parkey, Jr., and Chief Financial Officer and Treasurer, Jon C. Biro, had previously been incorporated into their respective employment agreements (via amendments to their employment agreements executed on February 11, 2005, and filed as Exhibits 10.1 and 10.2 to the Company’s Form 10-Q for the quarter ended December 31, 2004, which was filed on February 11, 2005).


 


 
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.
 
 
 
ICO, INC.
     
Date: March 2, 2005
By:
/s/ Jon C. Biro
 
Name:
Jon C. Biro
 
Title:
Chief Financial Officer and
   
Treasurer
     
 
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