Century Aluminum Company 2004 Executive Compensation Summary

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.

EX-10.10 4 y08628exv10w10.htm EX-10.10 SUMMARY OF CERTAIN 2004 COMPENSATION EX-10.10  

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 Company’s 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 Company’s 1996 Stock Incentive Plan for the 2002 – 2004 performance period, and (ii) cash bonuses awarded to the NEOs under the Company’s incentive compensation plan for the year ended December 31, 2004 based on the Company’s performance and the Compensation Committee’s subjective evaluation of each NEO’s performance. The vesting levels of the performance shares and cash bonuses were determined by the Compensation Committee of the Company’s 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