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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): 06/08/2006
UMB FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number: 0-4887
MO 43-0903811
(State or other jurisdiction of (IRS Employer
incorporation) Identification No.)
1010 Grand Blvd, Kansas City, MO 64106
(Address of principal executive offices, including zip code)
(816) 860-7000
(Registrant's telephone number, including area code)
(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))
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Information to be included in the report
Item 1.01. Entry into a Material Definitive Agreement
On June 9, 2006, UMB Financial Corporation (the "Company") announced that
Clyde F. Wendel will join the Company as President, UMB Asset Management and
Managing Director, Private Banking. Upon commencement of his employment, Mr.
Wendel will be paid an annual salary of $325,000 and during 2006 will be
eligible to earn a target of 40% of his base salary under UMB's Short-Term
Incentive Program and eligible to earn a target of 50% of
his base salary under UMB's Long-Term Incentive Program. Mr. Wendel will also
receive a one-time restricted stock grant of 6,000 shares, which will vest in
one-third increments over a three-year period. Mr. Wendel is also eligible to
receive a payment equal to his base salary if a change of control of the Company
occurs during the first full year of his employment, and one half of his base
salary if a change of control of the Company occurs during the second full year
of his employment.
The above summary of the terms of Mr. Wendel's employment offer letter is
qualified in its entirety by the full text of the employment offer letter, a
copy of which is attached hereto as Exhibit 10.1 and incorporated herein by
reference. A copy of the press release is attached as Exhibit 99.1 and
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
10.1 Employment offer letter with Clyde F. Wendel dated June 8, 2006
99.1 Press release dated June 9, 2006
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Signature(s)
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.
UMB FINANCIAL CORPORATION
DaDate: June 9, 2006 By: /s/ Peter J. deSilva
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Peter J. deSilva
President and Chief
Operating Officer
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Exhibit Index
Exhibit No. Description
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EX-10.1 Employment offer letter with Clyde F. Wendel dated June 8, 2006
EX-99.1 Press release dated June 9, 2006