Current Report

 

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: February 1, 2007

(Date of earliest event reported)

 

VERIZON COMMUNICATIONS INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

   1-8606   23-2259884
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)
   

140 West Street

New York, New York

     10007

(Address of principal executive offices)

     (Zip Code)

 

Registrant’s telephone number, including area code: (212) 395-1000

 

(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:

 

¨ 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 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

In order to take into account the broader scope of responsibilities that Dennis F. Strigl assumed upon his appointment as the President and Chief Operating Officer of Verizon Communications Inc., the Human Resources Committee of Verizon’s Board of Directors considered relevant market data and approved an increase in Mr. Strigl’s annual base salary from $1.125 million to $1.25 million. In addition, in connection with Mr. Strigl’s new position, he has been granted a special restricted stock unit award valued at $3 million. This grant was made on February 1, 2007 and the entire award will vest and become payable two years after the grant date.

 

 

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, thereunto duly authorized.

 

 

             

Verizon Communications Inc.

        (Registrant)
       

Date:

   February 5, 2007       /s/ Marianne Drost
           
        Marianne Drost
        Senior Vice President, Deputy General Counsel and Corporate Secretary