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) NOVEMBER 9, 2005
SERVICE CORPORATION INTERNATIONAL
(Exact name of registrant as specified in its charter)
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| TEXAS
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1-6402-1
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74-1488375 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
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| 1929 Allen Parkway Houston, Texas
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77019 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (713) 522-5141
(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:
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
240.13a-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 9, 2005, the Board of Directors of Service Corporation International (the
“Company”) approved and adopted the Service Corporation International Wealth Accumulation Plan (the
“Plan”).
Participation in the Plan is limited to officers and managing directors of the Company. The
Plan provides for annual Company retirement contributions of 7.5% of current salary and bonus for
officers, and 5% of current salary and bonus for managing directors. The Plan also provides for
performance-earned Company retirement contributions of 7.5% of current salary and bonus for
officers in years when the target bonus is met, with contributions modified below or above 7.5%
based on performance, subject to a 15% cap. Each Company retirement contribution will vest over
three years, with full vesting at age 60 with five years of service to the Company. Additionally,
the Plan allows for voluntary pretax deferral of salary, bonus and the cash portion of compensation
under the Company’s Long-Term Incentive Plan, a Company-provided 401(k) restoration match, and
discretionary Company contributions.
The provisions of the Plan amend and restate the provisions of the Service Corporation
International Director’s Deferred Compensation Fee Plan for Attendance Fees for Regular and Special
Board Meetings and Committee Meetings, and Other Board Events or Activities, adopted May 8, 2003.