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): December 29, 2006 SunCom Wireless Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 1-15325 23-2974475 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 1100 Cassatt Road Berwyn, Pennsylvania 19312 (Address Of Principal Executive Offices, Including Zip Code) (610) 651-5900 (Registrant's Telephone Number, Including Area Code) 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: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 1.02. Termination of a Material Definitive Agreement. In June 2004, we implemented a nonqualified deferred compensation plan (the "Plan") for the benefit of certain management employees and members of our Board of Directors (the "Board"). Because there was limited participation in the Plan, management recommended that the Plan be terminated. The Board, pursuant to a unanimous written consent dated as of December 29, 2006, approved the termination of the Plan effective as of December 31, 2006 and directed management to amend the Plan to distribute all accumulated benefits under the Plan in 2007 in accordance with transition guidance under Section 409A of the Internal Revenue Code. Unfunded aggregate accumulated deferrals accrued at November 30, 2006 were approximately $0.3 million, and a portion of such accrued deferrals represent stock compensation that we expect will be paid-out in the form of shares of our Class A common stock. 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 hereunto duly authorized. SUNCOM WIRELESS HOLDINGS, INC. Date: January 8, 2007 By: /s/ Eric Haskell -------------------------------- Eric Haskell Executive Vice President and Chief Financial Officer