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): June 29, 2007
MDU Resources Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-3480 41-0423660
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1200 West Century Avenue
P.O. Box 5650
Bismarck, North Dakota 58506-5650
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (701) 530-1000
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 CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
As previously disclosed in a Form 8-K filed on June 19, 2007, John K.
Castleberry, Executive Vice President - Administration of MDU Resources Group,
Inc. (the "Company"), announced that he is retiring from the Company effective
as of the close of business on July 6, 2007.
On June 29, 2007, the Compensation Committee of the Board of Directors of the
Company approved a $125,000 bonus payment to Mr. Castleberry. This bonus is in
recognition of the cost reductions and efficiency gains that Mr. Castleberry
helped the Company realize while he was Executive Vice President -
Administration.
Mr. Castleberry holds annual and long-term incentive awards, which will be
forfeited or paid out based upon Company performance in accordance with the
terms of the awards. Any other benefits to which Mr. Castleberry may be entitled
will be determined in accordance with the provisions of the Company's plans.
Williston Basin Interstate Pipeline Company ("WBI"), a subsidiary of the
Company, entered into a consulting agreement with Mr. Castleberry, commencing
July 9, 2007. The term of the agreement is two years but may be shortened by WBI
or Mr. Castleberry. Mr. Castleberry will receive $250.00 per hour, but not less
than $125,000 for his work during 2007.
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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.
Date: July 3, 2007
MDU Resources Group, Inc.
By: /s/ Doran N. Schwartz
-----------------------
Doran N. Schwartz
Vice President and Chief Accounting
Officer
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