SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 10, 2006
CSG SYSTEMS INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction
|7887 East Belleview, Suite 1000, Englewood, CO||80111|
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (303) 796-2850
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):
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
|Item 1.01||Entry into a Material Definitive Agreement.|
On March 10, 2006, the Board of Directors of CSG Systems International, Inc. (the Company) approved the Companys Performance Bonus Plan for 2006 (the Bonus Plan). The Bonus Plan provides for the payment of annual incentive bonuses to eligible Company employees, including the Companys executive officers. Under the Bonus Plan, participants are eligible to receive a bonus equal to 70% - 200% of their bonus based on the achievement of their individual performance objectives and the achievement of pre-established Company financial objectives. The Company financial objectives are based on targeted total Company revenues and operating income. If the lower end of the range of the targeted Company financial objectives are not achieved, then no payouts are earned under the Bonus Plan regardless of the achievement of individual performance objectives.
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 15, 2006
|CSG SYSTEMS INTERNATIONAL, INC.|
/s/ Randy Wiese
Principal Accounting Officer