UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): March 28, 2006
NII HOLDINGS, 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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000-32421
(Commission File Number)
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91-1671412
(I.R.S. Employer
Identification No.) |
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10700 Parkridge Boulevard, Suite 600
Reston, Virginia
(Address of principal executive offices)
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20191
(Zip Code) |
Registrants telephone number, including area code: (703) 390-5100
Not Applicable
(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)) |
Item 1.01 Entry into a Material Definitive Agreement.
On March 28, 2006, the compensation committee of our board of directors established the
performance criteria and goals for executive officers with respect to cash bonus awards to be paid
under our 2004 Incentive Compensation Plan for achievements relating to our performance for the
2006 fiscal year (the 2006 Bonus Plan). The criteria relating to our performance for 2006 are
consolidated operating cash flow and consolidated net subscriber additions. The bonus criteria,
each of which is weighted, also include a discretionary component based on individual performance
factors and a component based on our ongoing management succession planning activities. The
minimum achievement required to qualify for a bonus is 80% of the specified target performance
goals under the 2006 Bonus Plan. The maximum payout of a bonus will be based on achievement of
120% of the specified target performance goals under the 2006 Bonus Plan. All awards under the
2006 Bonus Plan are expected to be paid in cash in the first quarter of 2007.