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
August 25, 2006
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Date of Report (Date of earliest event reported)
Con-way Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-5046 94-1444798
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
2855 Campus Drive, Suite 300, San Mateo, California 94403
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(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(650) 378-5200
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(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 obligations 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))
Item 1.01 Entry into a Material Definitive Agreement
As a part of its standard relocation package provided to executive officers,
director-level employees, senior managers and certain mid-level managers, the
Company offers assistance with the sale of a transferring employee's existing
home. This assistance is offered through a contract between the Company and
a third party home re-seller, which agrees to purchase the home at appraised
value and then re-sell the home. Upon the sale of the home by the employee
to the third party, the Company assumes the economic risk should the home
ultimately be re-sold for less than the appraised value. The Company also
assumes responsibility for closing costs incurred when the home is re-sold.
On August 21, 2006, Kevin C. Schick, the Company's Senior Vice President and
Chief Financial Officer, sold his home in Saline, Michigan to the third party
home re-seller at an appraised value of $485,500.
In addition to the foregoing and to relocation assistance previously reported
in the Company's 2006 proxy statement and Form 8-K filed on June 6, 2005, the
Company is providing the following relocation assistance to Mr. Schick: (1)
closing costs for Mr. Schick's new home in California, estimated at
approximately $35,000; and (2) payment for moving household goods and other
miscellaneous moving expenses, estimated at approximately $30,000.
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.
Con-way Inc.
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(Registrant)
August 25, 2006 /s/ Jennifer W. Pileggi
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Jennifer W. Pileggi
General Counsel