================================================================================
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: July 25, 2005)
North American Galvanizing & Coatings, Inc.
-------------------------------------------
(Exact name of registrant as specified in charter)
Delaware 1-3920 71-0268502
-------- ------ ----------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
2250 East 73rd Street, Tulsa, Oklahoma 74136-6832
-------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code): (918) 494-0964
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:
[_] 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.
On July 25, 2005, the Board of Directors of North American Galvanizing &
Coatings, Inc. approved an amendment to the Directors' Stock Unit Program The
amendment brings the Program into compliance with the recently enacted Section
409A of the Internal Revenue Code of 1986, as amended. The Board of Directors
also approved an amendment to the related rabbi trust used to fund the benefits
under the Program. The amendments conform the trust agreement to requirements of
Section 409A, cause the trust to become irrevocable in the event of a "change of
control" as defined in the trust agreement and require the registrant to fully
fund the trust with the benefits of the Program upon a "change of control". A
complete copy of the amended Directors Stock Unit Program will be filed with the
quarterly report dated September 30, 2005.
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.
Date: July 28, 2005
North American Galvanizing & Coatings, Inc.
By: /s/ Beth B. Hood
----------------------------
Beth B. Hood
Vice President and Chief Financial Officer