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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 27, 2006
HEICO CORPORATION
(Exact name of registrant as specified in its charter)
Florida 1-4604 65-0341002
(State or other jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification No.)
3000 Taft Street, Hollywood, Florida 33021
(Address of principal executive offices) (Zip Code)
(954) 987-4000
(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:
[ ] 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))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 27, 2006, the Compensation Committee ("the Committee") of the
Board of Directors of HEICO Corporation ("the Company") approved increases in
the base salary of our Chief Executive Officer and three executive officers who
were named in the Summary Compensation Table of the Company's proxy statement
for our 2005 Annual Meeting of Shareholders (they are also expected to be named
in the Summary Compensation Table of the Company's proxy statement for our 2006
Annual Meeting of Shareholders) effective March 27, 2006 by the following
percentages: Laurans A. Mendelson, Chairman of the Board, President and Chief
Executive Officer - 6.8%; Thomas S. Irwin, Executive Vice President and Chief
Financial Officer - 7.8%; Eric A. Mendelson, President and Chief Executive
Officer of HEICO Aerospace Holdings Corp. - 7.8%; and Victor H. Mendelson,
President and Chief Executive Officer of HEICO Electronic Technologies Corp and
General Counsel - 7.8%.
Also on that date, the Committee approved an increase in the annual
retainer received by Directors of the Company to $75,000 effective May 1, 2006.
The Directors are required to purchase shares of the Company's corporate common
stock equivalent to one-half of the annual retainer.
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 hereunto duly authorized.
HEICO CORPORATION
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(Registrant)
Date: March 30, 2006 By: /s/ Thomas S. Irwin
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Thomas S. Irwin
Executive Vice President
and Chief Financial Officer
(Principal Financial and
Accounting Officer)