arcawards.htm
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): August 7, 2007
BUCKEYE
TECHNOLOGIES INC.
(Exact
name of registrant as specified in its charter)
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DELAWARE
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33-60032
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62-1518973
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(State
or other
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(Commission
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(IRS
Employer
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jurisdiction
of incorporation)
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File
Number)
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Identification
Number)
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1001
Tillman Street, Memphis, Tennessee
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38112
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (901) 320-8100
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 (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))
Section
5 – Corporate Governance and Management
Item
5.02 – Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
August
1, 2007, Buckeye Technologies Inc. (the “Company”) awarded bonuses to Executive
Officers for the fiscal year ended June 30, 2007, based on Compensation
Committee approval. The named Executive Officers will receive the
following bonuses.
John
B.
Crowe, Chairman and Chief Executive Officer, will receive $240,925 based on
the
Company’s At-Risk Compensation bonus (“ARC”) program and $26,105 from the All
Employee bonus plan.
Steven
G.
Dean, Senior Vice President and Chief Financial Officer will receive $49,870
based on the Company’s ARC program and $11,242 from the All Employee bonus
plan.
Kristopher
J. Matula, President and Chief Operating Officer, will receive $178,075 based
on
the Company’s ARC program and $19,295 from the All Employee bonus
plan.
Paul
N.
Horne, Senior Vice President, Product Development, will receive $103,655 based
on the Company’s ARC program and $16,590 from the All Employee bonus
plan.
Charles
S. Aiken, Senior Vice President, Manufacturing, will receive $86,340 based
on
the Company’s ARC program and $17,310 from the All Employee bonus
plan.
On
August
6, 2007, the Company’s Compensation Committee approved a salary increase of
$25,000 per year for Mr. Aiken, effective September 1, 2007. Prior to
this increase, Mr. Aiken’s annual base salary was
$300,000.
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, thereunto duly
authorized,
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BUCKEYE
TECHNOLOGIES INC.
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/s/
Steven G. Dean
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Steven
G. Dean
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Sr.
Vice President and Chief Financial Officer
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August
7, 2007
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