form_8-k.htm
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 23,
2009
THE
BRINK’S COMPANY
(Exact
name of registrant as specified in its charter)
|
Virginia
|
1-9148
|
54-1317776
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
1801
Bayberry Court
P.
O. Box 18100
Richmond,
VA 23226-8100
(Address
and zip code of
principal
executive offices)
Registrant’s
telephone number, including area code: (804) 289-9600
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.):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
materials 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 Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
On March 23, 2009, the Compensation and
Benefits Committee of the Board of Directors of The Brink’s Company (the
“Company”) adopted the 2009 performance measures for the executive officers
under the Company’s Management Performance Improvement Plan. In order
for the executive officers to be deemed to have met their goals, the aggregate
three-year performance measures require Brink’s, Incorporated to achieve
specific thresholds for revenue, operating profit, and economic value added, and
for the Company to achieve an earnings per share target. The earnings
per share target was assigned a 33.34% weighting and the three performance goals
for Brink’s, Incorporated were collectively assigned a 66.66%
weighting. Performance award targets for the 2009-2011 Performance
Measurement Period were set as follows: Michael T. Dan, Chairman of the Board,
President and Chief Executive Officer, $1,000,000; Michael J. Cazer, Vice
President and Chief Financial Officer, $200,000; Frank T. Lennon, Vice President
and Chief Administrative Officer, $170,000; McAlister C. Marshall, II, Vice
President, General Counsel and Secretary, $130,000; and Matthew A.P. Schumacher,
Controller, $60,000. Actual awards can range from 0% to 200% of the
target depending on performance against the pre-established
measures.
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 thereunto duly
authorized.
|
|
|
THE
BRINK’S COMPANY
|
|
|
|
(Registrant)
|
|
|
|
|
|
Date:
March 23, 2009
|
|
By:
|
/s/
McAlister C. Marshall, II
|
|
|
|
|
McAlister
C. Marshall, II
Vice
President, General Counsel and
Secretary
|