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KFT > SEC Filings for KFT > Form 8-K on 7-May-2009All Recent SEC Filings

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Form 8-K for KRAFT FOODS INC


7-May-2009

Other Events


Item 8.01. Other Events.

Effective May 5, 2009, Kraft Foods Inc. will stop reimbursing its executive officers for taxes that are payable on realized earnings during the calendar year in connection with certain trusts. As disclosed in Kraft Foods' Proxy Statement on Schedule 14A filed on March 31, 2009 with the Securities and Exchange Commission, the trusts were used to offset amounts otherwise payable by Kraft Foods for vested benefits under non-qualified supplemental retirement plans. The trusts and related assets are not intended to increase total promised benefits to the participants in the plans. No contributions have been made to the trusts since before January 1, 2005. Those contributions were taxable to the executives and not reimbursed by Kraft Foods.


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