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) February 22, 2006
ANHEUSER-BUSCH COMPANIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7823 43-1162835
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Busch Place, St. Louis, Missouri 63118
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 314-577-2000
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NONE
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(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 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))
Item 1.01. Entry into a Material Definitive Agreement.
On February 22, 2006, the Compensation Committee of the Board of
Directors of Anheuser-Busch Companies, Inc. (the "Company") approved the
2006 Officer Bonus Program (the "Program") in accordance with the
Anheuser-Busch Officer Bonus Plan (the "Plan") for certain officers of the
Company and Anheuser-Busch, Incorporated. Under the Program and consistent
with the objectives of the Plan, participants may receive cash bonuses if
certain performance goals are satisfied for the 2006 calendar year
performance period.
The Compensation Committee established a bonus pool, a minimum
performance goal, and a bonus formula for the Program, each of which is
based on the Company's adjusted pretax income for 2006. The bonus pool
percentage of pretax income is the same percentage as that established in
each year since the Plan was adopted in 1995. The minimum performance goal
and bonus formula are similar to those of each bonus program since 1995. The
aggregate amount of bonuses, or the bonus pool, for 2006 will not exceed
0.638% of the Company's adjusted pretax income for 2006. The performance
goal under the Program is the achievement by the Company of a specified
level of adjusted pretax income for 2006. Subject to plan limitations, the
maximum bonuses payable under the Program to nine senior executive officers
of the Company and Anheuser-Busch, Incorporated range from 5% to 24% of the
bonus pool, represent in the aggregate 80% of the bonus pool, and will be
payable only if the performance goal is achieved. Bonuses payable under the
Program to the remaining participants will equal 20% of the bonus pool (or a
higher percentage if the Compensation Committee reduces the bonuses payable
to such nine senior executive officers) and will be payable at the
discretion of the Compensation Committee.
The Program will be filed as an exhibit to Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2005.
SIGNATURES
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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.
ANHEUSER-BUSCH COMPANIES, INC.
(Registrant)
BY: /s/ JoBeth G. Brown
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JoBeth G. Brown
Vice President and Secretary
February 22, 2006
(Date)