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<TITLE>8-K re Am No. 2</TITLE>
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<META NAME="date" CONTENT="12/20/2006">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. &nbsp;20549</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>_______________</B></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:18pt" align=center><B>FORM 8-K<BR>
<BR>
<SMALL>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934<BR>
</SMALL></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>_______________</B></P>
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<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>DATE OF REPORT</B> <I>(Date of earliest event reported)</I>: &nbsp;<B>December 18, 2006</B></P>
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<P style="margin:0pt; line-height:28pt; font-family:Times New Roman; font-size:26pt" align=center><B>EGL, INC.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Exact name of registrant as specified in its charter)<BR>
</I></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
<B>Texas<BR>
</B><I>(State or other jurisdiction of incorporation)</I></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=319.2><P style="margin:0pt; font-family:Times New Roman" align=center><B>000-27288</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Commission File No.)</I></P>
</TD><TD valign=top width=319.2><P style="margin:0pt; font-family:Times New Roman" align=center><B>76-0094895<BR>
</B><I>(IRS Employer Identification No.)</I></P>
</TD></TR>
<TR><TD valign=top width=638.4 colspan=2><P style="margin-top:15pt; margin-bottom:0pt; line-height:12.5pt; font-family:Times New Roman" align=center><B>15350 Vickery Drive<BR>
Houston, Texas &nbsp;77032</B></P>
<P style="margin:0pt; line-height:12.5pt; font-family:Times New Roman" align=center><I>(Address of principal executive offices, including ZIP code)</I></P>
</TD></TR>
<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; font-family:Times New Roman" align=center><B>(281) 618-3100</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Registrant&#146;s telephone number, including area code)<BR>
</I></P>
</TD></TR>
<TR><TD valign=top width=638.4 colspan=2><P style="margin:0pt; font-family:Times New Roman" align=center><B>Not Applicable</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Former name or former address, if changed since last report)</I></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>_______________</B></P>
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<P style="margin-top:0pt; margin-bottom:-12pt; padding-right:-18pt; text-indent:18pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of </P>
<P style="margin:0pt; padding-right:-18pt; text-indent:504pt; line-height:10pt; font-family:Times New Roman">the registrant under any of the following provisions (<I>see</I> General Instruction A.2. below):</P>
<P style="margin:0pt; padding-right:-18pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-13.5pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><FONT FACE="Wingdings"><BIG>o</BIG></FONT> <BIG>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</BIG></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-31.5pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-13.5pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><FONT FACE="Wingdings"><BIG>o</BIG></FONT><BIG> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</BIG></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-31.5pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-13.5pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><FONT FACE="Wingdings"><BIG>o</BIG></FONT><BIG> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</BIG></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-31.5pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><BR></P>
<P style="margin:0pt; padding-left:31.5pt; padding-right:-18pt; text-indent:-13.5pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><FONT FACE="Wingdings"><BIG>o</BIG></FONT><BIG> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</BIG></P>
<P style="margin:0pt; padding-right:-18pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><BR></P>
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<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">101592296.1, Form 8-K<BIG> </BIG></P>
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<P style="margin-top:0pt; margin-bottom:-16pt; line-height:16pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 5.02</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>Compensatory Arrangements of Certain Officers.</B></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Effective December 18, 2006, the Compensation Committee of the Board of Directors of EGL, Inc., a Texas corporation (the &#147;Company&#148;), adopted the Company&#146;s 2007 Incentive Bonus Plan for Global Corporate Management and Staff (the &#147;Incentive Plan&#148;). &nbsp;Under the Incentive Plan, the Company&#146;s global corporate management and staff positions are eligible to receive semi-annual bonus awards payable in cash if the Company achieves certain semi-annual operating income performance targets. &nbsp;Specific amounts to be paid to eligible employees are based on (1) the Company&#146;s performance against its strategic initiatives, (2) departmental performance against established goals and (3) the individual&#146;s personal performance against established goals. &nbsp;Specific departmental and individual goals are established periodically by department heads, managers and senior management. &nbsp;A copy of the Form of 2007 Incentive Bonus Plan for Global Corporate Management and Staff is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><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"><B>Financial Statements and Exhibits.</B></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(d) Exhibits</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=126><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit No.</U></P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit</U></P>
</TD></TR>
<TR><TD valign=top width=126><P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">99.1</P>
<P style="margin:0pt; text-indent:49.55pt; font-family:Times New Roman; font-size:12pt"><BR></P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">2007 Incentive Bonus Plan for Global Corporate Management and Staff</P>
</TD></TR>
</TABLE>
<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:12pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">101592296.1, Form 8-K<BIG> </BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>SIGNATURE</P>
<P style="margin-top:0pt; margin-bottom:18pt; text-indent:36pt; 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>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=253.2><P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dated: December 20, 2006</P>
</TD><TD valign=top width=385.2>&nbsp;</TD></TR>
<TR><TD valign=top width=253.2>&nbsp;</TD><TD valign=top width=385.2><P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">EGL, INC.<BR>
<BR>
<BR>
By: <U>/s/ Dana A. Carabin</U></P>
<P style="margin:0pt; text-indent:224.1pt; font-family:Times New Roman; font-size:12pt"><U><BR></U></P>
<P style="margin:0pt; padding-left:-5.75pt; text-indent:27.35pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dana A. Carabin</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:-5.4pt; text-indent:27pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">General Counsel and Corporate Secretary<BR>
</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">101592296.1, Form 8-K<BIG> </BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
<BR></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Exhibit Index</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=126><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit No.</U></P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit</U></P>
</TD></TR>
<TR><TD valign=top width=126><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt">99.1</P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">2007 Incentive Bonus Plan for Global Corporate Management and Staff</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">101592296.1, Form 8-K<BIG> </BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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8-K re Am No. 2
UNITED STATES 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)
:
December 18, 2006
EGL, INC.
(Exact name of registrant as specified in its charter)
Texas
(State or other jurisdiction of incorporation)
000-27288
(Commission File No.)
76-0094895
(IRS Employer Identification No.)
15350 Vickery Drive
Houston, Texas  77032
(Address of principal executive offices, including 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))
101592296.1, Form 8-K
Item 5.02
Compensatory Arrangements of Certain Officers.
Effective December 18, 2006, the Compensation Committee of the Board of Directors of EGL, Inc., a Texas corporation (the "Company"), adopted the Company's 2007 Incentive Bonus Plan for Global Corporate Management and Staff (the "Incentive Plan").  Under the Incentive Plan, the Company's global corporate management and staff positions are eligible to receive semi-annual bonus awards payable in cash if the Company achieves certain semi-annual operating income performance targets.  Specific amounts to be paid to eligible employees are based on (1) the Company's performance against its strategic initiatives, (2) departmental performance against established goals and (3) the individual's personal performance against established goals.  Specific departmental and individual goals are established periodically by department heads, managers and senior management.  A copy of the Form of 2007 Incentive Bonus Plan for Global Corporate Management and Staff is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Exhibit
99.1
2007 Incentive Bonus Plan for Global Corporate Management and Staff
101592296.1, Form 8-K
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.
Dated: December 20, 2006
EGL, INC.
By:
/s/ Dana A. Carabin
Dana A. Carabin
General Counsel and Corporate Secretary
101592296.1, Form 8-K
Exhibit Index
Exhibit No.
Exhibit
99.1
2007 Incentive Bonus Plan for Global Corporate Management and Staff
101592296.1, Form 8-K