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) April 5, 2005
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BOWATER INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 1-8712 62-0721803
(State or other jurisdiction Commission (IRS Employer
of incorporation) File Number) Identification No.)
55 East Camperdown Way
P.O. Box 1028
Greenville, South Carolina 29602
(Address of principal executive offices) (Zip Code)
(864) 271-7733
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report): Not applicable
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))
Item1.01. Entry into a Material Definitive Agreement
On April 5, 2005, Bowater Incorporated ("Bowater") entered into a Modification
of Employment Agreement (the "Agreement") with Arthur D. Fuller, a copy of which
is attached hereto as Exhibit 99.1. Under the terms of the Agreement, Mr. Fuller
agreed to provide two years of advisory and consultative services and executed a
general waiver and release in favor of Bowater. During that two-year period, he
will receive his base salary plus a precalculated bonus amount based on the
Annual Incentive Awards he received in 2003. He will also receive the full
amount of any award earned for the first cycle of Bowater's Mid-Term Incentive
Plan and a prorated portion of any award earned for the second cycle of
Bowater's Mid-Term Incentive Plan cycle.
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.
BOWATER INCORPORATED
(Registrant)
Date: April 7, 2005 By: /s/ William G. Harvey
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Name: William G. Harvey
Title: Senior Vice President and
Chief Financial Officer