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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): June 7, 2006
Euronet Worldwide, Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-31648 74-2806888
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
4601 College Boulevard, Suite 300
Leawood, Kansas 66211
(Address of principal executive office)(Zip Code)
(913) 327-4200
(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:
|_| 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 June 7, 2006, the Compensation Committee of the Board of Directors of Euronet
Worldwide, Inc. (the "Registrant") adopted a policy concerning the grant of
equity based compensation to the Registrant's outside directors. Under such
policy, in consideration of his or her services, each outside director will
receive an annual grant of 3500 shares of restricted stock of the Registrant as
of the date of each annual meeting of the Registrant. The restrictions on the
stock will lapse and the shares will vest to the directors over three years,
with one-third of each award vesting each year, on the first, second and third
anniversary dates of the annual meeting.
Awards under the policy will be made under and in accordance with the
Registrant's 2006 Stock Incentive Plan. The award of restricted stock to the
outside directors for the year 2006/2007 will not be effective until and is
subject to the filing by the Registrant of a registration statement on Form S-8
covering the shares underlying the 2006 Stock Incentive Plan and the execution
and delivery to the directors of appropriate award agreements.
SIGNATURES
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.
EURONET WORLDWIDE, INC.
By: /s/ Jeffrey B. Newman
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Jeffrey B. Newman,
Executive Vice President and General
Counsel
Date: June 12, 2006