|
March
9, 2005 |
|
(Date
of Report - Date of earliest event
reported) |
|
KERR-McGEE
CORPORATION |
|
(Exact
name of registrant as specified in its
charter) |
|
Delaware |
1-16619 |
73-1612389 | ||
|
(State
of Incorporation) |
(Commission
File Number) |
(IRS
Employer Identification No.) |
|
Kerr-McGee
Center |
||
|
Oklahoma
City, Oklahoma |
73125 | |
|
(Address
of principal executive offices) |
(Zip
Code) |
|
(405) 270-1313 |
|
(Registrant's
telephone number) |
|
Item
1.01 |
Entry
into a Material Definitive Agreement. |
|
As
a result of the merger of Kerr-McGee Corporation and Oryx Energy Company
("Oryx") in 1999, David A. Hager (now the Company's
Senior
Vice President) became vested in his benefit under the Oryx Energy Company
Executive Retirement Plan (the "Oryx SERP"). Mr. Hager became a
participant in the Kerr-McGee Corporation Supplemental Executive
Retirement Plan (the "KMC SERP") when the Oryx SERP was merged into the
KMC SERP in 2000. The KMC SERP provided at that time that Mr. Hager's plan
benefits would continue to be determined in accordance with the terms of
the Oryx SERP.
On
March 8, 2005, the Board of Directors of the Company adopted an amendment
to the KMC SERP. The amendment provides that, effective immediately upon
adoption of the amendment, Hager's benefit under the KMC SERP as of any
date will be based on the greater of:
(1)
his benefit determined under the terms of the Oryx SERP (based on Hager's
service and compensation with both Oryx and the Company), or
(2)
his benefit determined under the terms of the KMC SERP (based on Hager's
service and compensation with both Oryx and the Company).
|
|
SIGNATURES |
|
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. |
|
KERR-MCGEE
CORPORATION | ||
|
By: |
(John
M. Rauh) | |
|
John
M. Rauh | ||
|
Vice
President and Controller | ||
|
Dated:
March 9, 2005 |