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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="04/12/2006">
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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>
<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>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>FORM 8-K</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>
<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>April 6, 2006</P>
</TD></TR>
<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>
</TD></TR>
<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>
</TD></TR>
<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>
</TD></TR>
<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>
</TD></TR>
<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>
</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: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>
</TD></TR>
<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>
</TD></TR>
<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>
</TD></TR>
<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>
</TD></TR>
<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>
</TD></TR>
</TABLE>
<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>
<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>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</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:-14pt; padding-left:36pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B></B><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 April 6, 2006, the Compensation Committee of the Board of Directors of EGL, Inc., a Texas corporation (the &#147;Company&#148;), adopted the Company&#146;s 2006 Incentive Bonus Plan for Executive Management Employees (the &#147;Incentive Plan&#148;). &nbsp;Under the Incentive Plan, the Company&#146;s corporate and field management employees are eligible to receive annual bonus awards payable in cash. &nbsp;Certain amounts of the awards under the Incentive Plan are based on achievement of financial goals by the Company, and achievement of personal goals as set by Company&#146;s Chief Executive Officer with guidance from the Compensation Committee of the Board of Directors. &nbsp;The Compensation Committee, based on recommendations of management, establishes specific target amounts for participants under the Incentive Plan. &nbsp;A copy of the Form of 2006 Incentive Bonus Plan for Executive Management Employees is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.</P>
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<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 9.01 </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>FINANCIAL STATEMENTS AND EXHIBITS. </B></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:108pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(c)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Exhibits </P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>99.1</P>
<P style="margin:0pt; padding-left:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Form of 2006 Incentive Bonus Plan for Executive Management Employees</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: April 12, 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:<U> &nbsp;/s/ Dana A. Carabin</U></P>
<P style="margin:0pt; text-indent:468pt; font-family:Times New Roman; font-size:12pt" align=justify><U><BR></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>
<P style="margin:0pt; text-indent:324pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</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": "06755803"}, "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):
April 6, 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 April 6, 2006, the Compensation Committee of the Board of Directors of EGL, Inc., a Texas corporation (the "Company"), adopted the Company's 2006 Incentive Bonus Plan for Executive Management Employees (the "Incentive Plan").  Under the Incentive Plan, the Company's corporate and field management employees are eligible to receive annual bonus awards payable in cash.  Certain amounts of the awards under the Incentive Plan are based on achievement of financial goals by the Company, and achievement of personal goals as set by Company's Chief Executive Officer with guidance from the Compensation Committee of the Board of Directors.  The Compensation Committee, based on recommendations of management, establishes specific target amounts for participants under the Incentive Plan.  A copy of the Form of 2006 Incentive Bonus Plan for Executive Management Employees is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS.
(c)
Exhibits
99.1
Form of 2006 Incentive Bonus Plan for Executive Management Employees
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: April 12, 2006
EGL, INC.
By:
/s/ Dana A. Carabin
Dana A. Carabin
Secretary
3