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<TITLE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECURITIES AND EXCHANGE COMMISSION</TITLE>
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<META NAME="date" CONTENT="03/31/2006">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>WASHINGTON, DC 20549</B></P>
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<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>CURRENT REPORT PURSUANT</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=343.2><P style="margin:0pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Date of report (Date of earliest event reported):</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=295.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>March 31, 2006</P>
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<TR><TD valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>EGL, Inc.</P>
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<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Exact Name of Registrant as Specified in Its Charter)</P>
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<TR><TD valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Texas</P>
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<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or Other Jurisdiction of Incorporation)</P>
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<TR><TD valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin-top:0pt; margin-bottom:-14pt; text-indent:91pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>000-27288</B></P>
<P style="margin:0pt; text-indent:322pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>76-0094895</B></P>
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<TR><TD valign=top width=638.4 colspan=2><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:56.2pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(Commission File Number)</P>
<P style="margin:0pt; text-indent:275.3pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(IRS Employer Identification No.)</P>
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<TR><TD valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; text-indent:117pt; font-family:Times New Roman; font-size:12pt" align=justify><B><BR></B></P>
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<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin-top:0pt; margin-bottom:-14pt; text-indent:25.3pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>15350 Vickery Drive, Houston, Texas</B></P>
<P style="margin:0pt; text-indent:390pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>77032</B></P>
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<TR><TD valign=top width=638.4 colspan=2><P style="margin-top:0pt; margin-bottom:-13pt; text-indent:27.2pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(Address of Principal Executive Offices)</P>
<P style="margin:0pt; text-indent:380.75pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>(Zip Code)</P>
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<TR><TD valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>(281) 618-3100</B></P>
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<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Registrant&#146;s Telephone Number, Including Area Code)</P>
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<TR><TD valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Not Applicable</B></P>
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<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Former Name or Former Address, if Changed Since Last Report)</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:18pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>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 (<I>see </I>General Instruction A.2. below):</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-15pt; padding-left:36pt; text-indent:-18pt; line-height:15pt; font-family:Times New Roman; font-size:12pt" align=justify><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; padding-left:36pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-15pt; padding-left:36pt; text-indent:-18pt; line-height:15pt; font-family:Times New Roman; font-size:12pt" align=justify><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>1</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 1.01.</B></P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</B></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On March 31, 2006, EGL, Inc., a Texas corporation (the &#147;Company&#148;), paid the following bonus to the Company&#146;s executive officers under the Company&#146;s 2005 Incentive Bonus Plan for Executive Management Employees (the &#147;Cash Bonus Plan&#148;) with respect to the fourth quarter of 2005: &nbsp;E. Joseph Bento, President of North America and Chief Marketing Officer, $66,852.45; Vittorio Favati, Executive Vice President &#150; Asia Pacific, $102,375; Ronald E. Talley, Chief Operating Officer and President &#150; SCG, $78,048; Dana A. Carabin, General Counsel and Secretary, $31,250. &nbsp;The Cash Bonus Plan is an annual plan, which is calculated on a year-to-date basis and paid quarterly. &nbsp;In addition, Jim Crane, Chief Executive Officer, was paid a bonus of $260,533 with respect to the entire 2005 fiscal year.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURE</B></P>
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<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>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.</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Date: March 31, 2006</P>
<P style="margin:0pt; text-indent:324pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>EGL, INC.</B></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:324pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>By:</P>
<P style="margin:0pt; text-indent:360pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>/s/ Dana A. Carabin</U></P>
<P style="margin:0pt; text-indent:360pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Dana A. Carabin</P>
<P style="margin:0pt; text-indent:360pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Secretary</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>3</P>
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{"company-data": {"conformed-name": "EGL INC", "cik": "0001001718", "assigned-sic": "4731", "irs-number": "760094895", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27288", "film-number": "06729530"}, "business-address": {"street1": "15340 VICKERY DR", "city": "HOUSTON", "state": "TX", "zip": "77032", "phone": "2816183100"}, "mail-address": {"street1": "15350 VICKERY DR", "street2": "SUITE 510", "city": "HOUSTON", "state": "TX", "zip": "77032"}, "former-company": {"former-conformed-name": "EAGLE USA AIRFREIGHT INC", "date-changed": "19951002"}}
SECURITIES AND EXCHANGE COMMISSION
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
March 31, 2006
EGL, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Texas
(State or Other Jurisdiction of Incorporation)
000-27288
76-0094895
(Commission File Number)
(IRS Employer Identification No.)
15350 Vickery Drive, Houston, Texas
77032
(Address of Principal Executive Offices)
(Zip Code)
(281) 618-3100
(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 (
see
General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the 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))
1
Item 1.01.
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 31, 2006, EGL, Inc., a Texas corporation (the "Company"), paid the following bonus to the Company's executive officers under the Company's 2005 Incentive Bonus Plan for Executive Management Employees (the "Cash Bonus Plan") with respect to the fourth quarter of 2005:  E. Joseph Bento, President of North America and Chief Marketing Officer, $66,852.45; Vittorio Favati, Executive Vice President – Asia Pacific, $102,375; Ronald E. Talley, Chief Operating Officer and President – SCG, $78,048; Dana A. Carabin, General Counsel and Secretary, $31,250.  The Cash Bonus Plan is an annual plan, which is calculated on a year-to-date basis and paid quarterly.  In addition, Jim Crane, Chief Executive Officer, was paid a bonus of $260,533 with respect to the entire 2005 fiscal year.
2
SIGNATURE
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.
Date: March 31, 2006
EGL, INC.
By:
/s/ Dana A. Carabin
Dana A. Carabin
Secretary
3