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
19, 2006
Hercules Incorporated
(Exact
name of registrant as specified in its charter)
|
Delaware
|
001-00496
|
51-0023450
|
||
|
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
Number)
|
Hercules
Plaza
1313
North Market Street
Wilmington,
Delaware 19894-0001
(Address
of principal executive offices) (Zip Code)
(302)
594-5000
(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:
|
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
October 19, 2006, the Board of Directors of Hercules Incorporated approved,
effective as of January 1, 2007, the following changes in non-employee director
compensation: (i) an increase to the non-employee director annual retainer
for
all non-employee directors from $40,000 per year to $50,000 per year, (ii)
an
increase from $50,000 to $75,000 for the annual chair fee paid to the
non-employee Chair of the Board of Directors and (iii) an increase from $7,500
to $10,000 for the annual chair fee paid to the Chair of the Audit Committee.
These increases are intended to maintain the Company’s compensation practice for
non-employee directors at the 50th
percentile.
-2-
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
October
24,
2006
|
By:
|
HERCULES
INCORPORATED
|
|
/s/
Israel J. Floyd
|
||
|
Israel
J. Floyd
|
||
|
Corporate
Secretary and General Counsel
|
-3-