SUMMARY COMPENSATION Amended and Restated as of September 5, 2008 | ||||||||||||||||||||||||||||
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Pension Value | ||||||||||||||||||||||||||||
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Nonqualified | ||||||||||||||||||||||||||||
Non-Equity | Deferred | |||||||||||||||||||||||||||
Stock | Option | Incentive Plan | Compensation | All Other | ||||||||||||||||||||||||
Salary | Bonus | Awards | Awards | Compensation | Earnings | Compensation | Total | |||||||||||||||||||||
Name and Principal Position | Year | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | |||||||||||||||||||
(a) | (b) | (c)(1) | (d)(2) | (e)(3) | (f)(3) | (g)(4) | (h) | (i) | (j) | |||||||||||||||||||
| Dr. Michael J. Hartnett | 2008 | 635,506 | - | 102,130 | 152,475 | 1,312,684 | - | 103,489 (5 | ) | 2,306,284 | ||||||||||||||||||
| 2007 | 605,244 | - | 56,650 | 82,500 | 1,250,176 | - | 59,893 (5 | ) | 2,054,463 | |||||||||||||||||||
| Daniel A. Bergeron | 2008 | 245,500 | - | 25,852 | 61,775 | 135,000 | - | 18,324 (6 | ) | 486,451 | ||||||||||||||||||
| 2007 | 229,000 | - | 16,995 | 39,960 | 145,000 | - | 13,200 (6 | ) | 444,155 | |||||||||||||||||||
| Phillip H. Beausoleil | 2008 | 249,050 | - | 22,660 | 35,520 | - | - | 19,144 (7 | ) | 326,374 | ||||||||||||||||||
| 2007 | 238,900 | - | 16,995 | 26,640 | 125,000 | - | 15,452 (7 | ) | 422,987 | |||||||||||||||||||
| Thomas C. Crainer | 2008 | 221,750 | - | 25,852 | 46,139 | 140,000 | - | 25,957 (8 | ) | 459,698 | ||||||||||||||||||
| 2007 | 210,000 | - | 16,995 | 26,640 | 174,900 | - | 20,144 (8 | ) | 448,679 | |||||||||||||||||||
| Richard J. Edwards | 2008 | 238,333 | - | 24,788 | 40,617 | 75,000 | - | 20,950 (9 | ) | 399,688 | ||||||||||||||||||
| 2007 | 227,417 | - | 16,995 | 26,640 | 91,875 | - | 12,850 (9 | ) | 375,777 | |||||||||||||||||||
| (1) | Column (c) includes amounts deferred by the officer pursuant to a 401(k) Plan. |
| (2) | Bonuses for fiscal 2008 and fiscal 2007 were paid under the Company’s incentive compensation plan and are reflected in column (g). |
| (3) | The amounts in columns (e) and (f) reflect the dollar amount recognized for financial statement reporting purposes for the fiscal years ended March 29, 2008 and March 31, 2007, as applicable, in accordance with SFAS No. 123(R) of stock options and restricted stock units granted under the 2005 Long-Term Equity Incentive Plan and thus may include amounts from awards granted in and prior to such years. Assumptions used in the calculation of these amounts are included in Note 16 to the Company’s audited consolidated financial statements for the fiscal year ended March 29, 2008 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 28, 2008. |
| (4) | The amounts in column (g) consist of annual cash bonuses earned in fiscal 2008 and fiscal 2007 and paid in the following fiscal year under the Company’s incentive compensation plan. |
| (5) | Consists of a leased vehicle of $3,580 in fiscal 2008 and $3,639 in fiscal 2007, employee match contributed to Dr. Hartnett’s SERP account of $43,756 in fiscal 2008 and $56,254 in fiscal 2007, Company-paid life insurance premiums of $29,100 in fiscal 2008, and reimbursement of personal expenses per Dr. Hartnett’s employment agreement of $27,053 in fiscal 2008. |
| (6) | Consists of a vehicle allowance of $6,000 in fiscal 2008 and fiscal 2007 and employer match contributed to Mr. Bergeron’s SERP account of $12,324 in fiscal 2008 and $7,200 in fiscal 2007. |
| (7) | Consists of employer match contributed to Mr. Beausoleil’s 401(k) account of $5,407 in fiscal 2008 and $2,245 in fiscal 2007, employer match contributed to Mr. Beausoleil’s SERP account of $13,092 in fiscal 2008 and $12,562 in fiscal 2007, and Company-paid life insurance premiums of $645 in fiscal 2008 and fiscal 2007. |
| (8) | Consists of employer match contributed to Mr. Crainer’s 401(k) account of $5,848 in fiscal 2008 and $2,280 in fiscal 2007, employer match contributed to Mr. Crainer’s SERP account of $13,122 in fiscal 2008 and $10,750 in fiscal 2007, Company-paid life insurance premiums of $783 in fiscal 2008 and fiscal 2007, a leased vehicle of $1,204 in fiscal 2008 and $930 in fiscal 2007, healthcare expense reimbursements of $5,000 in fiscal 2008, and relocation reimbursements of $5,401 in fiscal 2007. |
| (9) | Consists of employer match contributed to Mr. Edwards’s 401(k) account of $4,372 in fiscal 2008 and $2,409 in fiscal 2007, employer match contributed to Mr. Edwards’ SERP account of $5,128 in fiscal 2008 and $3,750 in fiscal 2007, Company-paid life insurance premiums of $1,805 in fiscal 2008 and fiscal 2007, and a leased vehicle of $9,645 in fiscal 2008 and $4,886 in fiscal 2007. |