SUMMARY COMPENSATION Amended and Restated as of December 22, 2010 | |||||||||
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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) |
Michael J. Hartnett | 2010 | 643,580 | - | 568,250 | 846,000 | - | - | 31,483 (5) | 2,089,313 |
2009 | 668,156 | - | 509,250 | 767,000 | 830,142 | - | 48,887 (5) | 2,823,435 | |
2008 | 635,506 | - | 797,750 | 1,274,000 | 1,312,684 | - | 103,489 (5) | 4,123,429 | |
Daniel A. Bergeron | 2010 | 248,200 | - | 68,190 | 169,200 | 50,000 | - | 6,000 (6) | 541,590 |
2009 | 260,000 | - | 61,110 | 153,400 | 90,000 | - | 20,930 (6) | 585,440 | |
2008 | 245,500 | - | 95,730 | 254,800 | 135,000 | - | 18,324 (6) | 749,354 | |
Thomas C. Crainer | 2010 | 240,986 | - | 68,190 | 211,500 | 50,000 | - | 6,647 (7) | 577,323 |
2009 | 255,000 | - | 61,110 | 191,750 | 114,750 | - | 19,423 (7) | 642,033 | |
2008 | 221,750 | - | 95,730 | 318,500 | 140,000 | - | 25,957 (7) | 801,937 | |
Richard J. Edwards | 2010 | 230,320 | - | 68,190 | 169,200 | 25,000 | - | 7,417 (8) | 500,127 |
2009 | 245,000 | - | 61,110 | 153,400 | 50,000 | - | 16,432 (8) | 525,942 | |
2008 | 238,333 | - | 63,820 | 152,880 | 75,000 | - | 20,950 (8) | 550,983 | |
Thomas J. Williams | 2010 | 194,465 | - | 34,095 | 84,600 | 45,000 | - | - (9) | 358,160 |
2009 | 206,625 | - | 30,555 | 76,700 | 45,000 | - | 2,402 (9) | 361,282 | |
2008 | 197,917 | - | - | 127,400 | 90,000 | - | 12,231 (9) | 427,548 |
(1) | Column (c) includes amounts deferred by the officer pursuant to a 401(k) Plan. |
(2) | Bonuses for fiscal 2010, fiscal 2009 and fiscal 2008 were paid under the Company’s incentive compensation plan and are reflected in column (g). |
(3) | The amounts in columns (e) and (f) represent the fair market value on the date of grant of restricted shares and non qualified stock options granted each year. On December 16, 2009, the Securities and Exchange Commission (SEC) approved new proxy disclosure rules for Proxy Statements issued after February 28, 2010. The revised rules require that the summary compensation table include the aggregate grant date fair value of all stock and option awards granted in each year, rather than attributing the cost to a particular year as determined in accordance with FAS 123(R) (now ASC 718), which was the method of valuing the grants in previous Proxy Statements. |
(4) | The amounts in column (g) consist of annual cash bonuses earned in fiscal 2010, fiscal 2009 and fiscal 2008 and paid in the following fiscal year under the Company’s incentive compensation plan. |
(5) | Consists of a leased vehicle of $1,483 in fiscal 2010, $2,278 in fiscal 2009 and $3,580 in fiscal 2008, employer match contributed to Mr. Hartnett’s SERP account of $43,756 in fiscal 2008, healthcare expense reimbursed of $16,609 in fiscal 2009, Company-paid life insurance premiums of $29,100 in fiscal 2008, and reimbursement of personal expenses per Mr. Hartnett’s employment agreement of $30,000 in fiscal 2010 and fiscal 2009 and $27,053 in fiscal 2008. |
(6) | Consists of a vehicle allowance of $6,000 in fiscal 2010, fiscal 2009 and fiscal 2008, employer match contributed to Mr. Bergeron’s SERP account of $12,024 in fiscal 2009, $12,324 in fiscal 2008, and employer match contributions to Mr. Bergeron’s 401(k) account of $2,906 in fiscal 2009. |
(7) | Consists of employer match contributed to Mr. Crainer’s 401(k) account of $598 in fiscal 2009, $5,848 in fiscal 2008, employer match contributed to Mr. Crainer’s SERP account of $11,870 in fiscal 2009 and $13,122 in fiscal 2008 , Company-paid life insurance premiums of $783 in fiscal 2010, fiscal 2009 and fiscal 2008, a leased vehicle of $1,343 in fiscal 2010 and $1,204 in fiscal 2009 and fiscal 2008, healthcare expense reimbursements of $4,521 in fiscal 2010, $4,968 in fiscal 2009 and $5,000 in fiscal 2008. |
(8) | Consists of employer match contributed to Mr. Edwards’ 401(k) account of $3,209 in fiscal 2009 and $4,372 in fiscal 2008, employer match contributed to Mr. Edwards’ SERP account of $6,188 in fiscal 2009 and $5,128 in fiscal 2008, Company-paid life insurance premiums of $1,805 in fiscal 2010, fiscal 2009 and fiscal 2008, and a leased vehicle of $5,612 in fiscal 2010, $5,230 in fiscal 2009 and $9,645 in fiscal 2008. |
(9) | Consists of employer match contributed to Mr. Williams’ 401(k) account of $2,402 in fiscal 2009 and $2,810 in fiscal 2008, and employer match contributed to Mr. Williams’ SERP account of $9,421 in fiscal 2008. |