UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
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KADANT INC.
(Exact Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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KADANT INC.
Kadant Inc.
One Acton Place, Suite 202
Acton, MA 01720
May 17, 2006
To Stockholders of
KADANT INC.
Supplement to Definitive Proxy Statement dated April 17, 2006
On May 17, 2006, the Board of Directors of Kadant Inc. (the "Company")
amended the 2006 Equity Incentive Plan (the "Plan"), which is the subject of
"Proposal 2, Proposal to Approve the 2006 Equity Incentive Plan" contained in
the Company's Definitive Proxy Statement dated April 17, 2006 (the "Proxy
Statement"). The amendment reduced the number of shares authorized for issuance
under the Plan from 1,000,000 shares of common stock, $0.01 par value, to
900,000 shares. As a consequence, if the stockholders approve the Plan at the
Annual Meeting of Stockholders on May 25, 2006, the number of shares of the
Company's common stock available for issuance under the Plan will be 900,000
shares, not 1,000,000 shares as stated in Proposal 2 of the Proxy Statement.
The amendment to the Plan, which is set forth as Appendix A in the
Proxy Statement, amends Section 4.1 "Authorized Number of Shares" to read as
follows:
"Subject to adjustment as provided in Section 9.6, the total number of
shares of common stock of the Company, par value $0.01 per share (the "Common
Stock"), reserved and available for distribution under the Plan shall be 900,000
shares. Such shares may consist, in whole or in part, of authorized and unissued
shares or treasury shares."
No other provisions of the Plan or the Proxy Statement were amended.
This supplement is sent to you by order of our Board of Directors.
SANDRA L. LAMBERT
Vice President, General Counsel and Secretary