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):
May 16, 2005
CHEMED CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-8351 31-0791746
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification
incorporation) Number)
2600 Chemed Center, 255 East 5th Street, Cincinnati, OH 45202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(513) 762-6900
(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):
[ ] 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 230.425)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
Exchange Act (17 CFR 230.425)
[ ] Pre-commencement communications pursuant to Rule 13e-4 (c) under
Exchange Act (17 CFR 230.425)
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 16, 2005 the Board of Directors of Chemed Corporation reviewed
compensation for the Board's non-employee directors. The Board increased the
annual retainer fee for Board members to $18,000, increased the Board meeting
attendance fee to $3,000, and increased the Executive Committee attendance fee
to $1,000.
The Board made no other changes to the annual retainer and meeting fee schedules
for employee directors. These schedules as so revised are shown below.
Annual Retainer Schedule:
-------------------------
Retainer for each director $ 18,000
Committee retainer
Audit Committee Chair $ 20,000
Audit Committee member $ 10,000
Compensation/Incentive Committee Chair $ 5,250
Compensation/Incentive Committee member $ 3,500
Nominating Committee member $ 7,000
Meeting Fee Schedule:
---------------------
Board meeting $ 3,000
Executive Committee meeting $ 1,000
Audit and Compensation/Incentive Committee meeting $ 1,000
Audit and Compensation/Incentive Committee meeting
held on same day as Board meeting $ 500
All directors received an unrestricted award of 400 shares of Chemed Capital
stock under the Company's 2004 Stock Incentive Plan on May 16, 2005. Directors
who serve on the Compensation/Incentive Committee were paid the cash equivalent
of the 400 share award, or $ 16,298.00. Non-management directors continue to be
eligible to participate in a deferred compensation plan, and to receive the
other director benefits described in our proxy statement for the 2005 annual
meeting of shareholders that was held on May 16, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHEMED CORPORATION
Dated: May 16 2005 By: /s/ Arthur V. Tucker, Jr.
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Arthur V. Tucker, Jr.
Vice President and Controller
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