Base Salaries and Compensation Schedule for Named Executive Officers as of January 1, 2005
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Summary
This document lists the annual base salaries and incentive compensation for the named executive officers of the registrant as of January 1, 2005. It details the salaries for each executive, including the CEO, President, and other senior officers, and outlines awards received under the Annual Incentive Plan, Long-Term Incentive Plan, and Excess ERISA Plan for 2004. The document also notes a salary increase for one executive effective January 18, 2005. The agreement is informational and sets forth compensation terms for key company officers.
EX-10.16 3 y06421exv10w16.htm EX-10.16 BASE SALARIES AND OTHER COMPENSATION OF EXECUTIVE OFFICERS EX-10.16
Exhibit 10.16
BASE SALARIES AND OTHER COMPENSATION OF NAMED EXECUTIVE OFFICERS OF THE REGISTRANT
As of January 1, 2005, the following are the base salaries (on an annual basis) of the named executive officers (as defined in Item 402(a)(3) of Regulation S-K):
| Philip E. Kucera | $ | 450,000 | |||
| Chief Executive Officer | |||||
| David J. Shea | $ | 400,000 | |||
| President and Chief Operating Officer | |||||
| C. Cody Colquitt | $ | 330,000 | |||
| Senior Vice President and Chief Financial Officer | |||||
| L. Andy Williams | $ | 310,500 | |||
| Senior Vice President and President, Bowne Financial Print | |||||
| Kenneth W. Swanson | $ | 295,300 | * | ||
| Senior Vice President, Operations | |||||
| * | On January 18, 2005, the Compensation and Management Development Committee increased Mr. Swanson’s annual base salary to $305,000. |
The following are the 2004 awards under the Annual Incentive Plan (“AIP”), the Long-Term Incentive Plan (“LTIP”) and the Excess ERISA Plan for the named executive officer (as defined in Item 402(a)(3) of Regulation S-K):
| Officer | 2004 AIP Award | 2004 LTIP Award | 2004 Excess ERISA(1) | |||||||||
| Phillip E. Kucera | $ | 265,174 | $ | 73,986 | $ | 10,497 | ||||||
| David J. Shea | $ | 166,488 | $ | 64,040 | (2) | $ | 8,228 | |||||
| C. Cody Colquitt | $ | 141,280 | $ | 40,656 | (3) | $ | 6,380 | |||||
| L. Andy Williams | $ | 234,287 | $ | 50,909 | $ | 9,851 | ||||||
| Kenneth W. Swanson | $ | 168,894 | $ | 48,875 | $ | 8,292 | ||||||
| (1) | Represents the value of deferred stock units. |
| (2) | Represents $29,109 in cash, plus 2,174 deferred stock units valued at $34,931. |
| (3) | Represents the value of 2,530 deferred stock units. |
