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): March 30, 2006
AMERICAN VANGUARD CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 001-13795 | 95-2588080 | ||
| (State or other jurisdiction of incorporation) | Commission File Number | (I.R.S. Employer Identification No.) |
4695 MacArthur Court
Newport Beach, California 92660
(Address of principal executive offices)
Registrant’s telephone number: (949) 260-1200
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 March 30, 2006, based upon company-wide and individual performance during fiscal year 2005, as determined by the Compensation Committee of the Board of Directors of American Vanguard Corporation (the “Company”), certain executive officers of the Company were paid incentive compensation in a lump sum as follows: Eric G. Wintemute, President and Chief Executive Officer - $300,000; James A. Barry, Senior Vice President, Chief Financial Officer and Secretary/Treasurer - $150,000; Glen D. Johnson, Senior Vice President of AMVAC Chemical Corporation - $150,000; Christopher K. Hildreth, Senior Vice President of AMVAC Chemical Corporation - $125,000; and Robert F. Gilbane, President of GemChem, Inc. - $100,000.
SIGNATURE
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.
| AMERICAN VANGUARD CORPORATION | ||||||||
| Date: March 31, 2006 | By: | /s/ Timothy J. Donnelly | ||||||
| Timothy J. Donnelly Vice President & General Counsel | ||||||||