Past year: ▲ 24%(26.19 – 38.27 USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 May 2006material agreement● Neutral
The compensation committee set executive base salaries from April 24, 2006: DeIuliis $450,000, Smith $400,000, Johnson $250,000 and Bench $220,000. It also set their 2006 bonus targets as a share of salary (100%, 75%, 50% and 45% respectively) under the program disclosed in February.
10 Feb 2006material agreement● Neutral
The board's compensation committee approved 2005 bonuses for the top four executives: Nicholas DeIuliis ($700,000), Ronald Smith ($470,250), Gary Bench ($133,650) and Stephen Johnson ($133,650). It also adopted a 2006 bonus program that pays only if a minimum net income level is reached, with payouts tied to safety, unit cost, production and individual goals.
