SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): February 14, 2011
NALCO HOLDING COMPANY
(Exact name of registrant as specified in its charter)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Named Executive Officer Compensation
The Compensation Committee of Nalco Holding Company (the Committee) increased base salaries, effective April 1, 2011, as follows: Chairman, President and Chief Executive Officer J. Erik Fyrwalds base salary to $950,000; Executive Vice President and Chief Financial Officer Kathryn A. Mikells base salary to $612,000; Senior Executive Vice President and President, Water and Process Services David E. Flitmans base salary to $495,000; Executive Vice President and President, Europe, Africa and Middle East Operations David Johnsons base salary to $366,000; Executive Vice President and President Asia Pacific Eric Melins base salary to $446,000.
Amended Severance Agreement
Nalco Company amended its Severance Agreement with Kathryn A. Mikells, Executive Vice President and Chief Financial Officer, effective February 14, 2011. The amended agreement provides a modification of a triggering event. A copy of this agreement is attached as Exhibit 99.1 to this Report on Form 8-K.
Amended Foreign Localization Agreement
Nalco Company amended its Foreign Localization Agreement with David Johnson, Executive Vice President and President, Europe, Africa and Middle East, effective January 1, 2011. The amended agreement provides a modification of a localization benefit. A copy of this agreement is attached as Exhibit 99.2 to this Report on Form 8-K.
The information in this Current Report on Form 8-K and accompanying exhibit is being furnished and shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 (the Securities Act) or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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.
Date: February 17, 2011