Summary of Named Executive Officer Compensation Arrangements for International Game Technology (IGT)
This document outlines the compensation arrangements for named executive officers of International Game Technology (IGT) as of March 31, 2005. It lists annual base salaries for key executives and notes that additional compensation may include bonuses, stock incentives, profit sharing, and deferred compensation under various IGT plans. Most employment arrangements are at-will, except where specific contracts have been filed. The summary also notes a change in executive status for one individual as of the effective date.
Exhibit 10.2
INTERNATIONAL GAME TECHNOLOGY
Exhibit 10.2 to Form 10-Q for period ended March 31, 2005
Summary of Named Executive Officer Compensation Arrangements
In addition to the base salaries noted in the table below, compensation arrangements for our named executive officers include benefits paid under other IGT Plans for Management Bonus, Stock Incentives, Profit Sharing, and Deferred Compensation as more fully described in exhibits to our annual report on Form 10-K. These individuals also receive certain perquisites as explained in our annual proxy statement. Except where noted that employment contracts have been filed as exhibits, these employment arrangements are at-will. Ward Chilton, who was a named executive officer in our last proxy statement, ceased to be an executive officer effective March 31, 2005.
| Annual Base Salary | ||||||
| Name | Title | at March 31, 2005 (1) | ||||
Thomas J. Matthews (2) | President, Chief Executive Officer, and Chief Operating Officer | $ | 650,000 | |||
Maureen T. Mullarkey (2) | Executive Vice President, Chief Financial Officer, and Treasurer | $ | 450,000 | |||
Steve Morro (3) | President, North America Gaming Division | $ | 400,000 | |||
Robert A. Bittman | Executive Vice President, Product Strategy | $ | 300,000 | |||
Anthony Ciorciari | Executive Vice President, Operations | $ | 300,000 | |||
| (1) | Amounts reported in our proxy statement may vary depending on the timing of pay periods during the fiscal year | |
| (2) | Employment contracts have been filed in separate exhibits to our most recent annual report on Form 10-K | |
| (3) | Expected to be a named executive officer in our next proxy statement |
