Summary of Salaries and Benefits for Named Executive Officers of Brown Shoe Company, Inc.
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Summary
This document outlines the 2006 and 2007 base salaries and benefits for the top executives of Brown Shoe Company, Inc. It lists the annual salaries for each named executive officer and describes their eligibility for annual and long-term incentive plans, including stock options and performance awards. The executives also participate in standard employee benefit programs, a supplemental retirement plan, and have severance agreements in place. Additional perks such as personal use of company aircraft and financial planning services are also provided.
EX-10.1 3 bws8k031307ex10_1.htm EXHIBIT 10.1 SUMMARY OF SALARIES AND BENEFITS Exhibit 10.1
Exhibit 10.1
Summary of the Salaries and Benefits
for the Named Executive Officers
of Brown Shoe Company, Inc.
| Base Salary | ||
| Name and Title of Executive Officer | 2007 | 2006 |
| Ronald A. Fromm Chairman of the Board and Chief Executive Officer | $850,000 | $850,000 |
| Mark E. Hood Senior Vice President and Chief Financial Officer | 360,000 | 360,000 |
| Diane M. Sullivan President and Chief Operating Officer | 735,000 | 715,000 |
| Joseph W. Wood President, Famous Footwear | 532,200 | 522,000 |
| Gary M. Rich President, Brown Shoe Wholesale | 510,000 | 500,000 |
Annual and Long-Term Incentive Plans. The named executive officers are eligible, under the Company’s Incentive and Stock Compensation Plan of 2002, as amended, to receive annual cash incentive bonus awards as well as participate in the Company’s long-term incentive program involving the award of stock options, restricted stock and performance share awards.
Benefit Plans and Other Arrangements. The named executive officers are eligible to participate in Company programs available to all employees, including health, disability and life insurance programs, and qualified 401(k) and pension plans
The named executive officers also participate in a Supplemental Executive Retirement Plan, which effectively replaces a benefit that higher-earning employees lose under the tax-qualified pension plan and in certain aspects enhance the benefits in favor of the employees, and each of the named executive officers is a party to a severance agreement which provides benefits upon certain events of termination, including those following a change of control.
In addition, the named executive officers listed may receive perquisites, including personal use of the corporate aircraft, financial and tax planning services, executive disability, executive physicals and club dues.
