Summary of Director and Executive Officer Compensation Arrangements for Alliance One International, Inc.
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Summary
This document outlines the compensation arrangements for directors and named executive officers of Alliance One International, Inc. Non-employee directors receive annual cash retainers, with additional payments for committee roles, while the Non-Executive Chairman receives a separate retainer. Directors who are employees or paid consultants do not receive additional compensation for board service. The board sets annual base salaries for the CEO, CFO, and four other top executives, with specific salary amounts listed as of June 1, 2015.
EX-10.21 4 aoi-20150331xex1021.htm EXHIBIT 10.21 AOI-2015.03.31-EX10.21
Exhibit 10.21
Summary of Director and Executive Officer Compensation Arrangements
In addition to the compensation arrangements filed as other exhibits to this annual report, Alliance One International, Inc. (the “Company”) has the following compensation arrangements with its directors and named executive officers.
Compensation Arrangements for Directors
Directors who are employees of the Company or its subsidiaries or who serve as paid consultants to the Company are not compensated for their services as director. Non-employee directors receive an annual cash retainer paid in quarterly installments. As of June 1, 2015, such retainer payments for all non-employee directors, other than Mr. Kehaya, were based on the following schedule:
Type of Service | Annual Retainer |
Board Member | $60,000 |
Lead Independent Director | +$10,000 |
Audit Committee Member | +$12,000 |
Audit Committee Chairman | +$10,000 |
Executive Committee Member | +$3,000 |
Executive Committee Chairman | +$5,000 |
Executive Compensation Committee Member | +$12,000 |
Executive Compensation Committee Chairman | +$7,500 |
Governance & Nominating Committee Member | +$7,500 |
Governance & Nominating Committee Chairman | +$5,000 |
Social Responsibility & Corporate Affairs Committee Member | +$7,500 |
Social Responsibility & Corporate Affairs Committee Chairman | +$5,000 |
In his capacity as Non-Executive Chairman, Mr. Kehaya receives an annual retainer in the amount of $250,000 as his exclusive cash compensation.
Compensation Arrangements for Named Executive Officers
The board of directors sets the annual base salary for each of the Company’s chief executive officer, chief financial officer and its four other most highly compensated executive officers, based on fiscal 2015 total compensation (such six officers, the “named executive officers”). As of June 1, 2015, the annual base salary rates for the named executive officers were as follows:
Named Executive Officer | Base Salary | ||
J. Pieter Sikkel | $600,000 | ||
Joel L. Thomas | $330,000 | ||
Graham J. Kayes | $320,000 | ||
Jose Maria Costa Garcia | $320,000 | ||
William L. O’Quinn, Jr. | $300,500 | ||
