UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 11, 2007
LEUCADIA NATIONAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
NEW YORK
(State or Other Jurisdiction of Incorporation)
1-5721 13-2615557
(Commission File Number) (IRS Employer Identification No.)
315 PARK AVENUE SOUTH, NEW YORK, NEW YORK 10010
(Address of Principal Executive Offices) (Zip Code)
212-460-1900
(Registrant's Telephone Number, Including Area Code)
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 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers; Compensatory
Arrangements of Certain Officers
(b) Departure of Principal Officers
On January 11, 2007, H. E. Scruggs, one of Leucadia National
Corporation's (the "Company") named executive officers, as listed in the
Company's proxy statement dated April 17, 2006, resigned his position as Vice
President of the Company. Mr. Scruggs will continue his employment with the
Company until July 2007, when he will embark on a full time, three year mission
for the Church of Jesus Christ of Latter Day Saints.
In connection with Mr. Scruggs' resignation, the Compensation Committee
of the Board of Directors of the Company has determined that options to purchase
60,000 common shares of the Company (representing the total of unvested options
granted prior to December 2006) held by Mr. Scruggs as of January 11, 2007 be
vested immediately. Options granted to Mr. Scruggs on December 11, 2006 have not
been accelerated and will be forfeited by him when he leaves the Company.
(e) The information set forth in response to Item 9.01 (c) is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
10.1 Information Concerning Executive Compensation.
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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: January 18, 2006
LEUCADIA NATIONAL CORPORATION
/s/ Joseph A. Orlando
----------------------------------
Name: Joseph A. Orlando
Title: Vice President and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
10.1 Information Concerning Executive Compensation.