SECURITIES AND EXCHANGE COMMISSION



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 31, 2006

 

EGL, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Texas

(State or Other Jurisdiction of Incorporation)

 

000-27288

76-0094895

(Commission File Number)

(IRS Employer Identification No.)

 


15350 Vickery Drive, Houston, Texas

77032

(Address of Principal Executive Offices)

(Zip Code)

 

(281) 618-3100

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(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 (see General Instruction A.2. below):


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))



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Item 1.01.

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On March 31, 2006, EGL, Inc., a Texas corporation (the “Company”), paid the following bonus to the Company’s executive officers under the Company’s 2005 Incentive Bonus Plan for Executive Management Employees (the “Cash Bonus Plan”) with respect to the fourth quarter of 2005:  E. Joseph Bento, President of North America and Chief Marketing Officer, $66,852.45; Vittorio Favati, Executive Vice President – Asia Pacific, $102,375; Ronald E. Talley, Chief Operating Officer and President – SCG, $78,048; Dana A. Carabin, General Counsel and Secretary, $31,250.  The Cash Bonus Plan is an annual plan, which is calculated on a year-to-date basis and paid quarterly.  In addition, Jim Crane, Chief Executive Officer, was paid a bonus of $260,533 with respect to the entire 2005 fiscal year.



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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.



Date: March 31, 2006

EGL, INC.




By:

/s/ Dana A. Carabin

Dana A. Carabin

Secretary

 





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