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 7, 2006
Orthofix International N.V.
(Exact name of Registrant as specified in its charter)
Netherlands Antilles 0-19961 N/A
(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation) Identification Number)
_____________________________
7 Abraham de Veerstraat
Curacao
Netherlands Antilles N/A
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 011-59-99-465-8525
_____________________________
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 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))
Section 1. Entry into a Material Definitive Agreement.
Item 1.01. Entry into a Material Definitive Agreement.
On March 7, 2006, Orthofix International N.V. (the "Company")
determined the cash bonus amounts to be paid to the Company's Named Executive
Officers (as defined in Item 402(a)(3) of Regulation S-K) for performance during
the fiscal year 2005 in accordance with the established methodologies approved
by the Compensation Committee of the Board of Directors of the Company. The cash
bonus amounts are as follows:
--------------------------------------------------------------------------------
Name Position Bonus
---- -------- -----
--------------------------------------------------------------------------------
Charles W. Federico Chief Executive Officer and $172,227
President
--------------------------------------------------------------------------------
Alan W. Milinazzo Chief Operating Officer $36,720
--------------------------------------------------------------------------------
Thomas Hein Chief Financial Officer $84,160
--------------------------------------------------------------------------------
Gary D. Henley Senior Vice President and $142,862
President, Americas Division
--------------------------------------------------------------------------------
Bradley R. Mason Vice President and President, $0
Breg, Inc.
--------------------------------------------------------------------------------
Galvin Mould(1) Vice President, International $25,344
Division
--------------------------------------------------------------------------------
Raymond C. Kolls Vice President, General Counsel $61,912
and Corporate Secretary
--------------------------------------------------------------------------------
(1) Mr. Mould left the Company, effective as of February 23, 2006.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: March 13, 2006
ORTHOFIX INTERNATIONAL N.V.
By: /s/ Thomas Hein
---------------------------------
Name: Thomas Hein
Title: Chief Financial Officer