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)
|
February 10, 2009 |
|
THE
PROCTER & GAMBLE COMPANY
|
|
(Exact name
of registrant as specified in its
charter)
|
|
Ohio
|
1-434
|
31-0411980
|
||
|
(State or
other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
Number)
|
|
One Procter
& Gamble Plaza, Cincinnati, Ohio
|
45202
|
|
|
(Address of
principal executive offices)
|
Zip
Code
|
|
(513)
983-1100
|
45202
|
|
|
(Registrant's
telephone number, including area code)
|
Zip
Code
|
| 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))
|
ITEM
5.02(e) COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
On
February 10, 2009, the Compensation & Leadership Development Committee (the
“Committee”) of the Board of Directors of The Procter & Gamble Company
(“P&G”) granted A.G. Lafley, Chairman of the Board and Chief Executive
Officer, a special equity award of $3,500,000 in recognition of Mr. Lafley’s
foresight for initiating the acquisition of The Gillette Company (“Gillette”)
and his leadership throughout the acquisition and integration processes.
The acquisition and integration of Gillette was the largest and most successful
in the Company’s history. Through this grant, the Committee rewards Mr.
Lafley’s strategic vision to combine two world-class consumer products companies
into the largest consumer products company in the world, his understanding of
the transaction’s benefits for shareholders and his successful leadership
through the complexities of integrating Gillette into P&G.
The
grant will be made in the form of restricted stock units granted under the
Company’s 2001 Stock and Incentive Compensation Plan using the closing price for
the Company’s Common Stock on the New York Stock Exchange on February 27,
2009.
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.
THE PROCTER & GAMBLE COMPANY
BY: /s/
E. J. WUNSCH
E. J.
Wunsch
Assistant
Secretary
February 17,
2009
EXHIBIT(S)