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) May 11, 2006 ----------------------------------------------- APPLEBEE'S INTERNATIONAL, INC. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) DELAWARE 000-17962 43-1461763 ------------------------------ ---------------- ------------------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 4551 W. 107th Street, Overland Park, Kansas 66207 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (913) 967-4000 -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) None -------------------------------------------------------------------------------- (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 1.01 Entry into a Material Definitive Agreement. On May 11, 2006, the stockholders of Applebee's International, Inc. (the "Company") approved the Company's 2001 Senior Executive Bonus Plan, as amended (the "Plan"). The Plan was originally approved by the stockholders in May of 2001. The stockholders re-approved the Plan in order for the Plan to remain in compliance with section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan provides that certain specified officers of the Company may be awarded cash bonuses by the Executive Compensation Committee of the Company upon meeting certain specified performance goals as set forth in the Plan. The performance goals are as set from time-to-time by the Committee and may differ from employee-to-employee and from award-to-award. The specific performance goals for an award must be set as required by section 162(m) of the Code. A copy of the Plan is attached as Exhibit 10.1 hereto and incorporated herein by reference. Item 8.01 Other Events. The stockholders of the Company, at the annual meeting on May 11, 2006, elected Rogelio Rebolledo as a new member of the board of directors, along with five existing directors. A copy of the Company's press release announcing the election of Mr. Rebolledo is attached as Exhibit 99.1 hereto and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 2001 Senior Executive Bonus Plan, as amended. 99.1 Press release dated May 11, 2006. 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: May 16, 2006 APPLEBEE'S INTERNATIONAL, INC. By: /s/ Steven K. Lumpkin ---------------------------------------- Steven K. Lumpkin Executive Vice President and Chief Financial Officer Exhibit Index Exhibit Number Description 10.1 2001 Senior Executive Bonus Plan, as amended. 99.1 Press release dated May 11, 2006.