2008 Executive Compensation Schedule for Named Executive Officers of the Company
This document outlines the 2008 base salaries, target incentive opportunity percentages, and equity awards for the company's named executive officers, including the Chairman and CEO, CFO, President and Chief Merchandising Officer, and other key executives. It specifies each executive's annual base salary, the percentage of base salary eligible for incentive awards, and the value of stock options, performance units, and restricted stock units granted for 2008. One executive, Joanne L. Bober, is noted as having retired effective March 31, 2008, and did not receive incentive or equity awards for the year.
EXHIBIT 10.60
2008 Base Salaries, 2008 Target Incentive Opportunity
Percentages and 2008 Equity Awards for Named Executive Officers
| 2008 Base Salary | 2008 Target Incentive Award Opportunity (% of base salary) | 2008 Equity Awards | |||||||||||||
| Named Executive Officer | Stock Options ($) | Performance Units ($) | Time-Based Restricted Stock Units ($) | ||||||||||||
| Myron E. Ullman, III Chairman and Chief Executive Officer | $ | 1,500,000 | 125 | % | $ | 4,000,000 | $ | 2,000,000 | $ | 2,000,000 | |||||
| Robert B. Cavanaugh Executive Vice President, Chief Financial Officer | $ | 700,000 | 75 | % | $ | 725,000 | $ | 362,500 | $ | 362,500 | |||||
| Ken C. Hicks President and Chief Merchandising Officer | $ | 900,000 | 100 | % | $ | 1,657,500 | $ | 828,750 | $ | 828,750 | |||||
| Michael T. Theilmann Executive Vice President, Chief Human Resources and Administration Officer | $ | 600,000 | 75 | % | $ | 632,500 | $ | 316,250 | $ | 316,250 | |||||
| Joanne L. Bober ** Executive Vice President, General Counsel and Secretary | $ | 500,000 | N/A | N/A | N/A | N/A | |||||||||
| ** | Ms. Bober retired as Executive Vice President, General Counsel and Secretary of the Company effective March 31, 2008. |
