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): June 30, 2006
LINCOLN ELECTRIC HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
0-1402
(Commission File Number)
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Ohio
(State or other jurisdiction of
incorporation)
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34-1860551
(I.R.S. Employer Identification No.) |
22801 St Clair Avenue
Cleveland, Ohio 44117
(Address of principal executive offices, with zip code)
(216) 481-8100
(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 (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o 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.
In connection with the resignation of Ranko Cucuz as a Director
of Lincoln Electric Holdings, Inc. (the “Corporation”), as
described below, the Board of Directors determined to continue
his regular cash retainer at the rate of $40,000 per year until
the scheduled expiration of his three-year term in 2007. In
addition, the Nominating and Corporate Governance Committee of
the Board amended Mr. Cucuz’s stock option agreement for 3,500
shares granted on November 30, 2005 so that the options will
vest one year after the date of grant notwithstanding his
resignation.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
(b) Effective June 30, 2006, Ranko Cucuz resigned as a Director
of the Corporation. The Corporation’s press release announcing
the resignation is filed as Exhibit 99.1 to this Current Report
on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Corporation’s press release dated June 30, 2006.