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) December 12, 2005

 

PRAXAIR, INC.

(Exact name of registrant as specified in its charter)

 

DELAWARE

(State or Other jurisdiction of incorporation)

 

 

 

1-11037

 

06-124-9050

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

39 OLD RIDGEBURY ROAD, DANBURY, CT

 

06810-5113

(Address of principal executive offices)

 

(Zip Code)

 

(203)837-2000

(Registrant’s telephone number, including area code)

 

N/A

(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 240.13e-4(c))

 

 


 

Item 1.01 Entry into a Material Definitive Agreement.

 

On December 12, 2005, Praxair, Inc.’s Compensation and Management Development Committee established 2006 performance goals for determining performance-based annual variable compensation cash awards to be paid to executive officers and other high level executives under the 2002 Praxair, Inc. Variable Compensation Plan (filed as Exhibit 10.03 to the Company’s 2001 Annual Report on Form 10-K). These goals are principally sales revenues, net income after tax and cash flow, as well as non-financial goals in the areas of safety performance, audit and compliance, Six Sigma, strategic positioning of the business for long term performance, consideration of performance relative to peer companies, and people development.

 

 

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.

 

 

 

PRAXAIR, INC.

 

 

Registrant

 

 

 

 

Date:

December 15, 2005

 

By:

/s/ James T. Breedlove

 

 

 

 

 

James T. Breedlove

 

 

 

 

 

Vice President, General Counsel

 

 

 

 

and Secretary

 

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