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CW > SEC Filings for CW > Form 8-K on 3-Apr-2013All Recent SEC Filings

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Form 8-K for CURTISS WRIGHT CORP


3-Apr-2013

Other Events, Financial Statements and Exhibits


ITEM 8.01 OTHER EVENTS

On April 1, 2013, the registrant provided the attached presentation to its significant shareholders and their shareholder advisory groups to better explain changes on the registrant's executive compensation program. This presentation was consistent with the disclosure provided in the registrant's proxy statement. The significant changes to the registrant's compensation programs and practices are as follows:

                        2012 Compensation Practices                                    Changes for 2013
 Target pay shift to 50th %ile for similar sized peers                         No change from 2012
  - NEOs STI/LTI targets reduced and adjusted over 3 years to meet 50th %ile

 NEO Individual weighting 20% of STI goal                                      No change from 2012

                                                                                Annual Incentive Financial
 Annual Incentive Financial Measures                                          Measures
  - Relative Op. Inc. Margin vs. Peers                                           - Operating Income vs. target
  - Cash Flow from Ops. Conversion vs. Peers                                     - Operating Cash Flow vs.
                                                                               target

 LT Incentive Mix                                                              LT Incentive Mix
  - 0% Options                                                                   - 0% Options
  - 30% RSUs                                                                     - 30% RSUs
  - 30% PSUs                                                                     - 40% PSUs
  - 40% Cash-Based PUs                                                           - 30% Cash-Based PUs

 PSU Measures                                                                  No change from 2012
  - TSR vs. Peers

 Cash-Based PU measures                                                        Cash-Based PU measures
  - ROC vs. Peers                                                                - Return on Net Assets (RONA)
  - Sales Growth vs. Peers                                                     vs. target
                                                                                 - Sales Growth vs. target

 CEO voluntarily forfeited single trigger Change in Control (CIC) provision    No change from 2012
 Eliminated future CIC agreements with excise tax gross-ups

 Commitment to keep burn rate close to 2%                                      No change from 2012

A copy of the Compensation Presentation is attached hereto as Exhibit 99.1.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits.

99. Compensation Presentation dated April 1, 2013.

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