Century Aluminum Company 2004 Executive Compensation Summary
Century Aluminum Company has disclosed a summary of compensation for its named executive officers for 2004. The summary includes salaries, vested performance shares from the 1996 Stock Incentive Plan for the 2002–2004 period, and cash bonuses awarded based on company and individual performance. The Compensation Committee determined the vesting and bonus amounts in March 2005. The officers listed are Craig A. Davis, Jack E. Gates, Gerald J. Kitchen, David W. Beckley, and Daniel J. Krofcheck.
Exhibit 10.10
CENTURY ALUMINUM COMPANY
SUMMARY OF CERTAIN 2004 COMPENSATION FOR NAMED EXECUTIVE OFFICERS
The following is a summary of certain compensation paid to each person who will be designated a named executive officer (NEO) of Century Aluminum Company (the Company) in the proxy statement for the Companys 2005 annual meeting of shareholders (2005 Proxy). For additional information regarding the compensation of the NEOs, please read the 2005 Proxy, which will be filed with the Securities and Exchange Commission pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended.
The following table summarizes: (i) the performance share payouts received by each NEO based on the vesting of performance shares previously awarded under the Companys 1996 Stock Incentive Plan for the 2002 2004 performance period, and (ii) cash bonuses awarded to the NEOs under the Companys incentive compensation plan for the year ended December 31, 2004 based on the Companys performance and the Compensation Committees subjective evaluation of each NEOs performance. The vesting levels of the performance shares and cash bonuses were determined by the Compensation Committee of the Companys Board of Directors on March 21, 2005.
Name | Title | 2004 Salary | Vested Performance Shares | 2004 Bonus | ||||||||||
Craig A. Davis | Chairman and Chief Executive Officer | $ | 809,167 | 38,291 | $ | 1,810,000 | ||||||||
Jack E. Gates | Executive Vice President and Chief Operating Officer | 310,417 | 6,176 | 511,250 | ||||||||||
Gerald J. Kitchen | Executive Vice President, General Counsel, Chief Administrative Officer and Secretary | 279,083 | 10,131 | 497,775 | ||||||||||
David W. Beckley | Executive Vice President and Chief Financial Officer | 281,292 | 10,023 | 431,200 | ||||||||||
Daniel J. Krofcheck | Vice President and Treasurer | 195,292 | 5,166 | 341,700 |