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 10, 2007
PRAXAIR, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE |
(State or Other jurisdiction of incorporation) |
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1-11037
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06-124-9050 |
(Commission File Number)
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(IRS Employer Identification No.) |
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39 OLD RIDGEBURY ROAD, DANBURY, CT
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06810-5113 |
(Address of principal executive offices)
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(Zip Code) |
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(203)837-2000 |
(Registrant’s telephone number, including area code) |
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On December 10, 2007, the Compensation and Management Development Committee of the Board of
Directors of Praxair, Inc. established 2008 performance goals for determining performance-based
annual variable compensation cash awards that may be paid to executive officers and other high
level executives under the 2002 Praxair, Inc. Variable Compensation Plan, as amended (the “Plan”).
The Plan was filed as Exhibit 10.03 to the Company’s 2001 Annual Report on Form 10-K, and the First
Amendment to the Plan was filed as Exhibit 10.03a to the
Company’s 2005 Annual Report on Form 10-K. The financial goals are principally sales revenues, net income
and working capital as a percentage of sales subject to certain adjustments that may be made. The non-financial
goals include safety and environmental compliance, audit and compliance, Six Sigma, strategic positioning of
the business for long term performance, consideration of performance relative to peer companies, and people development.
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.
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PRAXAIR, INC. |
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Registrant |
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Date: December 14, 2007
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By:
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/s/ James T. Breedlove |
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James T. Breedlove |
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Senior Vice President, |
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General Counsel and Secretary |