FORM 8-K
 

 
 
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 19, 2006
WEBSTER FINANCIAL CORPORATION
 
(Exact name of registrant as specified in its charter)
         
Delaware   001-31486   06-1187536
         
(State or other jurisdiction
of incorporation) 		  (Commission
File Number) 		  (IRS Employer
Identification No.)
Webster Plaza, Waterbury, Connecticut 06702
(Address of principal executive offices)
Registrant’s telephone number, including area code: (203) 465-4364
                                        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:
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under 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))
 
 

 

 

Item 1.01. Entry into a Material Definitive Agreement
On June 19, 2006, the non-employee members of the Board of Directors of Webster Financial Corporation (the “Company”) approved the Compensation Committee’s recommended increase in base salaries for each of the Company’s executive officers listed below in the amounts indicated, effective July 6, 2006.
                 
Name   Old Annual Base Salary   New Annual Base Salary
         
William T. Bromage
                
President and Chief Operating Officer
  $ 492,000     $ 510,000  
 
                
Scott McBrair
                
Executive Vice President, Retail Banking
  $ 284,600     $ 310,000  
 
                
Joseph J. Savage
                
Executive Vice President, Commercial Banking
  $ 284,600     $ 310,000  

 

 

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.
         
  WEBSTER FINANCIAL CORPORATION  
  (Registrant)   
     
     
 
         
     
  /s/ Harriet Munrett Wolfe    
  Harriet Munrett Wolfe   
  Executive Vice President,
General Counsel and Secretary 		  
 
Date: June 23, 2006