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TABLE OF CONTENTS | |||||||
Notice of | iii | ||||||
iv | |||||||
iv | |||||||
iv | |||||||
1 | |||||||
General | 1 | ||||||
1 | |||||||
1 | |||||||
Matters to be Acted Upon | 2 | ||||||
2 | |||||||
Information Relating to Directors and Director Nominees | 2 | ||||||
Information Relating to the Board of Directors and Committees | 6 | ||||||
In General | 6 | ||||||
Corporate Governance | 6 | ||||||
Attendance at Board, Committee and Annual Meetings | 8 | ||||||
Standing Committees | 9 | ||||||
Corporate Governance and Nominating Committee | 10 | ||||||
Audit Committee | 12 | ||||||
Compensation Committee | 12 | ||||||
Shareholder and Other Interested Party Communications with the Board | 15 | ||||||
Security Ownership of Certain Beneficial Owners and Management | 16 | ||||||
Transactions with Related Persons | 21 | ||||||
Compensation of Directors and Executive Officers | 23 | ||||||
Compensation Discussion and Analysis | 23 | ||||||
Compensation Committee Report | 44 | ||||||
2013 Summary Compensation Table | 45 | ||||||
2013 All Other Compensation Table | 47 | ||||||
2013 Grants of Plan-Based Awards Table | 48 | ||||||
2013 Outstanding Equity Awards at Fiscal Year-End Table | 50 | ||||||
2013 Option Exercises and Stock Vested Table | 53 | ||||||
2013 Pension Benefits Table | 54 | ||||||
2013 Nonqualified Deferred Compensation Table | 54 | ||||||
Potential Payments on Termination or Change In Control | 55 | ||||||
2013 Director Compensation Table | 65 | ||||||
68 | |||||||
Registered Public Accounting Firm For Fiscal | 71 | ||||||
In General | 71 | ||||||
Principal Accountant Fees and Services | 71 | ||||||
Pre-Approval Policies | 72 | ||||||
Audit Committee Report | 72 | ||||||
Securities Authorized for Issuance Under Equity Compensation Plans | 74 | ||||||
75 | |||||||
Additional Information | 76 |
1. | Election of |
2. | Advisory |
Ratification of the Selection of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for Fiscal |
Such other matters as may properly come before the Annual Meeting or any adjournment thereof. |
If you are a beneficial owner whose shares are held of record by a broker, you must instruct the broker how to vote your shares. If you do not provide voting instructions, your shares will not be voted on any proposal on which the broker does not have discretionary authority to vote. This is called a If you are a beneficial owner whose shares are held of record by a broker, your broker has discretionary voting authority under NYSE rules to vote your shares on Item 3 (Ratification of the More Information Is Available If you have any questions about the proxy voting process, please contact the broker, bank or other financial institution where you hold your shares. The Securities and Exchange Commission Additionally, you may contact our Investor Relations Department at www.stagestoresinc.com/investor-relations. |
by written ballot at the Annual Meeting. |
ITEM 1 - ELECTION OF DIRECTORS |
Name | Age | Positions Currently Held | ||
Alan J. Barocas | Director, Chairman of the Corporate Governance and Nominating Committee | |||
Diane M. Ellis | 56 | Director | ||
Michael L. Glazer | ||||
Director, President and Chief Executive Officer | ||||
Gabrielle E. Greene | 53 | Director | ||
Earl J. Hesterberg | Director, Chairman of the Compensation Committee | |||
Lisa R. Kranc | 60 | Director | ||
William J. Montgoris | ||||
Director, Chairman of | ||||
C. Clayton Reasor | 57 | Director | ||
Ralph P. Scozzafava | 55 | Director |
Real estate experience: |
Industry experience: |
Finance experience: |
Industry and Marketing experience: |
Finance experience: |
Leadership Mr. Scozzafavahas been a Director since February 2012. Since December 2013, he has been an adviser to companies in the consumer products industry. From June 2007 to November 2013, Mr. Scozzafava served as Chief Executive Officer of Furniture Brands International, Inc.(“Furniture Brands”), a NYSE company headquartered in St. Louis, Missouri. Heserved as Chairman of the Board of Furniture Brands from May 2008 to November 2013. Furniture Brands filed a petition under Chapter 11 in the United States Bankruptcy Court for the District of Delaware on September 9, 2013, culminating with the sale of the assets of the company on November 25, 2013. From 2001 until June 2007, Mr. Scozzafava was employed at Wm. Wrigley Jr. Company, where he held several positions, most recently serving as Vice President - Worldwide Commercial Operations from March 2006 to March 2007, and as Vice President & Managing Director - North America/Pacific from January 2004 to March 2006. Director Qualifications: Leadership experience: former CEO and Chairman of the Board of a NYSE company that ranks as one of the top United States makers of residential furniture (Furniture Brands) Strategic planning: strong background in operations and consumer goods, with extensive experience in strategic planning through various executive leadership roles (Furniture Brands, Wrigley) Industry and Marketing experience: 32 years of sales, marketing and general management experience in the consumer products industry. Responsible for all functions and operations of a global manufacturer and marketer of branded consumer goods (Furniture Brands, Wrigley) |
Director | Board | Corporate Governance and Nominating Committee | Audit Committee | Compensation Committee | ||||
Mr. Barocas (I) | X | X | ||||||
| X | |||||||
Ms. Ellis (I) | X | X (ACFE) | X | |||||
Mr. Glazer | X | |||||||
Ms. Greene (I) | X | X | X (ACFE) | |||||
Mr. Hesterberg (I) | X | X | X (C) | |||||
Ms. Kranc (I) | X | X | X | |||||
Mr. Montgoris (I) | X (C) | X (ACFE) | ||||||
Mr. Reasor (I) | X | X | X | |||||
Mr. Schwartz (I) | X | X | X (C)(ACFE) | |||||
X | X | X |
Name and Address | Number of Shares Beneficially Owned | Percent of Class | |||
Wellington Management Company, LLP | 3,946,928 | 10.93% | (1) | ||
280 Congress Street | |||||
Boston, MA 02210 | |||||
Dimensional Fund Advisors LP | 3,087,004 | 8.55% | (2) | ||
Palisades West, Building One | |||||
6300 Bee Cave Road | |||||
Austin, TX 78746 | |||||
BlackRock, Inc. | 2,897,055 | 8.02% | (3) | ||
40 East 52nd Street | |||||
New York, NY 10022 | |||||
Invesco Ltd. | 2,175,785 | 6.02% | (4) | ||
1555 Peachtree Street NE | |||||
Atlanta, GA 30309 | |||||
The Vanguard Group, Inc. | 1,860,855 | 5.15% | (5) | ||
100 Vanguard Blvd. | |||||
Malvern, PA 19355 |
Name and Address | Number of Shares Beneficially Owned | Percent of Class* | ||||
Wellington Management Company, LLP 280 Congress Street Boston, MA 02210 | 3,267,116 | 10.3% | (1) | |||
BlackRock, Inc. 40 East 52nd Street New York, NY 10022 | 3,128,673 | 9.9% | (2) | |||
T. Rowe Price Associates, Inc. 100 East Pratt Street Baltimore, MD 21202 | 2,456,880 | 7.8% | (3) | |||
Dimensional Fund Advisors LP Palisades West, Building One 6300 Bee Cave Road Austin, Texas, 78746 | 2,355,048 | 7.4% | (4) | |||
The Vanguard Group, Inc. 100 Vanguard Blvd. Malvern, PA 19355 | 1,859,676 | 5.9% | (5) | |||
Waddell & Reed Financial Inc. 6300 Lamar Avenue Overland Park, KS 66202 | 1,614,732 | 5.1% | (6) |
(1) | The information is based on the Schedule 13G/A (Amendment No. 11) filed with the SEC on February |
(2) | The information is based on the Schedule 13G/A (Amendment No. 4) filed with the SEC on |
(3) | The information is based on the Schedule 13G filed with the SEC on February |
(4) | The information is based on the Schedule 13G/A(Amendment No. 6) filed with the SEC on February 10, 2014 by Dimensional Fund Advisors LP reporting on beneficial ownership as of December 31, 2013. According to the filing, the reporting person has sole voting power with respect to 2,324,867 shares and sole investment (dispositive) power with respect to 2,355,048 shares. |
(5) | The information is based on the Schedule 13G/A (Amendment No. 3) filed with the SEC on February 11, 2014 by The Vanguard Group, Inc. reporting on beneficial ownership as of December 31, 2013. According to the filing, the reporting person has sole voting power with respect to 52,090 shares, sole investment (dispositive) power with respect to 1,809,286 shares and shared investment (dispositive) power with respect to 50,390 shares. |
(6) | The information is based on the Schedule 13G filed with the SEC on February |
reporting person has sole voting power with respect to |
Name | Common Stock | Restricted Stock (1) | Stock Options Exercisable Within 60 Days | Deferred Stock Units (2) | Percent of Class | Common Stock | Restricted Stock (1) | Stock Options/SARS Exercisable Within 60 Days | Deferred Stock Units (2) | Percent of Class | ||||||||||||||||
Andrew T. Hall | 101,848 | 116,000 | 389,500 | - | 1.7 | % | ||||||||||||||||||||
Edward J. Record | 47,595 | 66,700 | 181,250 | - | (3) | |||||||||||||||||||||
Michael L. Glazer (3) | 142,826 | 135,550 | 5,625 | — | (4 | ) | ||||||||||||||||||||
Oded Shein | - | 14,700 | - | - | (3) | 14,988 | 17,500 | 22,500 | — | (4 | ) | |||||||||||||||
Richard A. Maloney | - | 96,700 | 97,500 | - | (3) | |||||||||||||||||||||
Ron D. Lucas | 43,923 | 5,700 | 113,764 | - | (3) | |||||||||||||||||||||
Steven P. Lawrence | 10,525 | 79,125 | — | — | (4 | ) | ||||||||||||||||||||
Steven L. Hunter | - | 23,008 | 23,250 | - | (3) | 27,704 | 18,675 | 24,637 | (4 | ) | ||||||||||||||||
Alan J. Barocas | 18,769 | 23,811 | - | - | (3) | 38,178 | 4,417 | — | — | (4 | ) | |||||||||||||||
Michael L. Glazer | 72,973 | (4) | 23,811 | 16,875 | - | (3) | ||||||||||||||||||||
Diane M. Ellis | 3,474 | 4,417 | — | — | (4 | ) | ||||||||||||||||||||
Gabrielle E. Greene | - | 4,086 | - | - | (3) | 16,135 | 5,439 | — | — | (4 | ) | |||||||||||||||
Earl J. Hesterberg | - | 4,608 | - | - | (3) | 21,527 | 5,569 | — | — | (4 | ) | |||||||||||||||
Lisa R. Kranc | 3,371 | 4,417 | — | (4 | ) | |||||||||||||||||||||
William J. Montgoris | 16,882 | 23,811 | 50,625 | - | (3) | 61,618 | 4,417 | — | — | (4 | ) | |||||||||||||||
C. Clayton Reasor | 5,931 | 4,417 | — | (4 | ) | |||||||||||||||||||||
David Y. Schwartz | 600 | 23,811 | 7,693 | 10,751 | (3) | 37,482 | 4,417 | 10,258 | 11,489 | (4 | ) | |||||||||||||||
Cheryl Nido Turpin | 5,846 | 10,839 | - | - | (3) | |||||||||||||||||||||
All Directors and Executive Officers as a group (15 persons) | 328,780 | 446,335 | 970,570 | 10,751 | 4.7 | % | ||||||||||||||||||||
Ralph P. Scozzafava | 8,065 | 6,123 | — | — | (4 | ) | ||||||||||||||||||||
All Directors and Executive Officers as a group (17 persons) | 491,061 | 342,972 | 129,557 | 11,489 | 3.0 | % |
(1) | Reflects unvested Restricted |
(2) | DSUs are held under our 2003 Amended and Restated |
(3) | 122,929 shares of common stock are pledged as security in a margin account. |
(4) | Ownership is less than one percent of our outstanding common stock. |
held, directly or indirectly, by the employee or director. |
(i) | pay any money to a “Related Party,” or |
(ii) | assign or lease any property belonging to any of the Companies to a Related Party, or |
(iii) | allow any Related Party to use any property belonging to any of the Companies, |
(i) | any person who is an officer, director. manager or |
(ii) | any person who is a child (natural, stepchild or adopted), parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of |
(iii) | any entity for which an Insider or Immediate Family Member is an attorney, broker, commissioned sales agent, director, manager, officer, partner or profits participant; and |
(iv) | any entity in which an Insider or Immediate Family Member has any beneficial ownership |
The tough retail environment also heightened the need to reduce the Company’s cost structure by an additional $5 million. Therefore, approximately 50 positions were eliminated in November. The Company added several high profile brands across merchandise categories. The Company increased its private label credit card penetration rate by 290 basis points. |
Mr. |
◦ | Mr. |
◦ | Mr. Record’s base salary |
◦ | Mr. Lawrence’s base salary was increased from $560,000 to $620,000, a 10.7% increase. |
◦ | Mr. Hunter’s base salary was increased from $405,000 to $425,000, a 4.9% increase. |
◦ | Mr. Searles’ base salary remained at $450,000. |
◦ | Target. |
For |
◦ | Results.Actual performance for |
◦ | Bonus Payments. Based on |
Performance Shares measure Company total shareholder return over a three-year period versus the Performance Group. For the |
◦ | Restricted Stock |
Executive | Title | |
President and Chief Executive Officer | ||
Oded Shein | Executive Vice President, Chief Financial Officer | |
Chief Operating Officer | ||
Steven P. Lawrence | Chief Merchandising Officer | |
Steven L. Hunter | Executive Vice President, Chief Information Officer | |
Michael M. Searles | Former President and Chief Operating Officer, South Hill Division |
Abercrombie & Fitch Co. | |||
The Children's Place Retail Stores, | |||
Christopher & Banks Corporation | Stein Mart, Inc. | ||
Ascena Retail Group, Inc. | Collective Brands, Inc. | The Talbots, Inc. | |
The Cato Corporation | |||
Department Store Group | Apparel Store Group | ||
Dillard's, Inc. | Abercrombie & Fitch Co. | Express, Inc. | |
J.C. Penney Corporation, Inc. | Aeropostle, Inc. | Foot Locker, Inc. | |
Kohl's Corporation | American Eagle Outfitters, Inc. | The GAP, Inc. | |
Macy's, Inc. | Ann Inc. | Genesco, Inc. | |
Nordstrom, Inc. | Ascena Retail Group, Inc. (Dress Barn) | Guess?, Inc. | |
SAKS, Incorporated* | The Buckle, Inc. | Limited Brands, Inc. | |
Sears Holdings Corporation | The Cato Corporation | The Men's Wearhouse, Inc. | |
Chico's FAS, Inc. | Ross Stores, Inc. | ||
The Children's Place Retail Stores, Inc. | The TJX Companies, Inc. | ||
DSW, Inc. | Urban Outfitters, Inc. |
Annual incentive (bonus) compensation, which is designed to focus executives on the business objectives established by our Board for a particular year; |
Parameter | Weight | |
Company Pre-Tax Earnings | | 66.7% |
Comparable Store Sales | | 33.3% |
retention needs. |
Executive | 2009 Base Salary | 2010 Base Salary | Base Salary Increase |
Mr. Hall | $750,000 | $800,000 | 6.7% |
Mr. Record (1) | $460,000 | $550,000 | 19.6% |
Mr. Shein (2) | N/A | $350,000 | N/A |
Mr. Maloney (3) | $475,000 | $550,000 | 15.8% |
Mr. Lucas | $345,000 | $357,100 | 3.5% |
Mr. Hunter (4) | $325,000 | $375,000 | 15.4% |
Executive | Bonus Award | % of 2009 Base Salary |
Mr. Hall | $408,000 | 54.4% |
Mr. Record | $203,300 | 44.2% |
Mr. Shein (1) | N/A | N/A |
Mr. Maloney | $193,800 | 40.8% |
Mr. Lucas | $117,300 | 34.0% |
Mr. Hunter | $127,075 | 39.1% |
Executive | Performance Shares at Target (1) | SARs (2) | |||
Mr. Hall | 25,000 | 100,000 | |||
Mr. Record (3) | 20,000 | 100,000 | |||
Mr. Shein (4) | N/A | N/A | |||
Mr. Maloney (3) | 20,000 | 100,000 | |||
Mr. Lucas | 6,000 | 18,000 | |||
Mr. Hunter | 6,000 | 18,000 |
Percentile Ranking of Performance Group | Performance Shares Earned * |
100% | 200% |
75% | 150% |
50% | 100% |
25% | 25% |
< 25% | 0% |
Executive (1) | Target Shares | Performance Attainment % | Payout Shares Earned |
Mr. Hall | 18,000 | 35.7 | 6,426 |
Mr. Lucas | 4,500 | 35.7 | 1,607 |
Executive/Title | 2010 Base Salary | 2011 Base Salary | Base Salary Increase |
Mr. Hall | $800,000 | $850,000 | 6.25% |
Mr. Record | $550,000 | $572,000 | 4.00% |
Mr. Shein | $350,000 | $350,000 | (1) |
Mr. Maloney | $550,000 | $561,000 | 2.00% |
Mr. Lucas | $357,100 | $366,000 | 2.50% |
Mr. Hunter | $375,000 | $400,000 | 6.70% |
Executive | 2012 Base Salary | 2013 Base Salary | Base Salary Increase | |||
Mr. Glazer | $850,000 | $950,000 | 11.8% | |||
Mr. Shein | $355,000 | $370,000 | 4.2% | |||
Mr. Record | $585,000 | $620,000 | 6.0% | |||
Mr. Lawrence | $560,000 | $620,000 | 10.7% | |||
Mr. Hunter | $405,000 | $425,000 | 4.9% | |||
Mr. Searles | $450,000 | $450,000 | N/A |
Fiscal 2013 Pre-Tax Earnings | ||||
Threshold (minimum) bonus payment will be earned at one-half of Target by achieving Fiscal 2013 Pre-Tax Earnings of $65.0M, an increase of 7.7% vs. actual Fiscal 2012 Pre-Tax Earnings of $60.4 million. | $65.0 million | 5.8% Below Target | ||
Target bonus amount will be paid by achieving Fiscal 2013 Pre-Tax Earnings of $69.0 million, an increase of 14.3% vs. actual Fiscal 2012 Pre-Tax GAAP Earnings of $60.4 million. | $69.0 million | Target Level | ||
Maximum bonus amount will be paid at 2 times Target by achieving Fiscal 2013 Pre-Tax Earnings at 108.7% of Target Level, an increase of 24.2% vs. actual Fiscal 2012 Pre-Tax Earnings of $60.4 million. | $75.0 million | 8.7% Above Target |
Threshold (minimum)bonus amount (1/4 of Target) will be paid if the Company’s ranking of total year-end Comparable Store Sales change is at the twenty-fifth percentile among the Company’s Performance Group, provided that 2013 Pre-Tax earnings are $51.8 million or higher. |
Target amount will be paid if the Company’s ranking for total year-end Comparable Store Sales change is at the fiftieth percentile (or middle mark) among the Company’s Performance Group. |
Maximum amount (2 times Target) will be paid if the Company’s ranking of total year-end Comparable Store Sales change is at the one-hundredth percentile (or highest rank) among the Company’s Performance Group. |
Executive | Bonus Award | % of 2010 Base Salary |
Mr. Hall | $630,000 | 78.75% |
Mr. Record | $336,875 | 61.25% |
Mr. Shein (1) | (1) | (1) |
Mr. Maloney | $336,875 | 61.25% |
Mr. Lucas | $156,231 | 43.75% |
Mr. Hunter | $164,063 | 43.75% |
Executive | Base Salary($) | Bonus Range % (1) (Threshold/Target/Maximum) | Bonus Range $ (2) (Threshold/Target/Maximum) | |||
Mr. Glazer | 950,000 | 41.7% - 100% - 200% | $396,150 - $950,000 - $1,900,000 | |||
Mr. Shein | 370,000 | 20.8% - 50% - 100% | $76,960 - $185,000 - $370,000 | |||
Mr. Record | 620,000 | 29.2% - 70% - 140% | $181,040 - $434,000 - $868,000 | |||
Mr. Lawrence | 620,000 | 29.2% - 70% - 140% | $181,040 - $434,000 - $868,000 | |||
Mr. Hunter | 425,000 | 20.8% - 50% - 100% | $88,400 - $212,500 - $425,000 | |||
Mr. Searles (3) | 450,000 | 25% - 60% - 120% | $112,500 - $270,000 - $540,000 |
(1) |
(2) | Amount to |
(3) | Due to the South Hill Consolidation, Mr. Searles position was eliminated and he was not offered a position at the Company’s Houston headquarters. However, Mr. Searles remained eligible to participate in the 2013 Bonus Plan on a pro-rata basis (i.e., 19 out of 52 weeks). |
Executive | Performance Shares (1) | SARs (2) | Restricted Stock (3) | Target Performance Shares (55%)(1) | Restricted Stock (45%)(2) | ||
Mr. Hall | 22,500 | 68,500 | 36,000 | ||||
Mr. Glazer | 39,600 | 32,400 | |||||
Mr. Shein | 7,700 | 6,300 | |||||
Mr. Record | 7,250 | 22,250 | 11,700 | 22,000 | 18,000 | ||
Mr. Shein | 2,900 | 0 | 4,700 | ||||
Mr. Maloney | 7,250 | 22,250 | 11,700 | ||||
Mr. Lucas | 2,900 | 8,850 | 4,700 | ||||
Mr. Lawrence | 22,000 | 18,000 | |||||
Mr. Hunter | 2,900 | 8,850 | 10,008 | 7,700 | 6,300 | ||
Mr. Searles | N/A | N/A |
(1) | The Performance Shares cliff vest after a three-year measurement performance cycle (the “Performance Cycle”) which began on the first |
Percentile Ranking of Performance Group | Performance Shares Earned * | |
100% | 200% | |
75% | 150% | |
50% | 100% | |
25% | 25% | |
< 25% | —% |
* As a percentage of Target Performance Shares shown in the 2013 LTI Awards table above. |
(2) | The |
Target Shares | Payout | |||||||||
Executive (1) | Target # Shares | Target $ Shares (2) | Performance Attainment | # Shares Earned | $ Shares Earned (3) | |||||
Mr. Record | 20,000 | $397,000 | 135.7% | 27,140 | $711,882 | |||||
Mr. Hunter | 6,000 | $119,100 | 135.7% | 8,142 | $213,565 |
(1) | Messrs. Glazer, Shein, Lawrence and Searles were not employed by the Company at the beginning of the 2010 Performance Cycle; therefore, they were not entitled to receive Performance Shares as a result of the completion of the 2010 Performance Cycle. |
(2) | Based on the fair value ($19.85) of the shares on March 26, 2010, the grant date. |
(3) | Based on the average of the high and low market price ($26.23) of our common stock on April 4, 2013, the date of issuance. |
Performance Objective | Result | |
Comparable Store Sales growth of 4% | Did not achieve performance objective | |
15% Pre-Tax Earnings growth offsetting all but $6 million of South Hill Consolidation cost synergies | Did not achieve performance objective | |
Develop a Succession Plan focusing on the top 5 management positions | Achieved - Plan developed and presented to Board | |
Develop a comprehensive marketing plan for Board approval, focused on the customer, incorporating the role of eCommerce, and defining the role of brands and areas of geographic focus | In | |
Develop a 5 year growth plan including plans for Steele’s and incorporating the role of real estate to support the planned growth | Growth plan in progress. Steele’s sold to independent buyer. |
Executive | 2013 Base Salary | 2014 Base Salary | Base Salary Increase | |||
Mr. Glazer | $950,000 | $969,000 | 2.0% | |||
Mr. Shein | $370,000 | $400,000 | 8.1% | |||
Mr. Lawrence | $620,000 | $632,400 | 2.0% | |||
Mr. Hunter | $425,000 | $433,500 | 2.0% |
Executive | Performance Shares (55%)(1) | Restricted Stock (45%) (2) | ||
Mr. Glazer | 50,417 | 41,250 | ||
Mr. Shein | 9,167 | 7,500 | ||
Mr. Lawrence | 34,375 | 28,125 | ||
Mr. Hunter | 11,458 | 9,375 |
(1) | The Performance Shares cliff vest after a three-year measurement performance cycle (the “Performance Cycle”) which began on the first day of the Company’s 2014 Fiscal Year (February 2, 2014) and ends on the last day of the Company’s 2016 Fiscal Year (January 28, 2017). The number of Performance Shares earned will be based on the Company’s total shareholder return relative to the Fiscal 2014 Performance Group. The number of shares reflected in the table above are the “Target Shares,” which means the number of shares of the Company’s common stock the Named Executive Officer will earn (and receive) at the end of the Performance Cycle if the Company’s results are in the middle (fiftieth percentile) of the Fiscal 2014 Performance Group. |
(2) | The Restricted Stock will vest on a pro rata basis over four years (i.e., 25% per year). |
Named and Principal Position | Fiscal Year | Bonus ($) (1) | Stock Awards ($) (2) | Option Awards ($) (3) | Non-Equity Incentive Plan Compensation ($) (4) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) (5) | Total ($) | |||||||||||
Salary ($) | |||||||||||||||||||
Andrew T. Hall | 2010 | 791,346 | - | 496,250 | 719,000 | 630,000 | 89,709 | 150,398 | 2,876,703 | ||||||||||
President and | 2009 | 750,000 | - | 381,900 | 402,000 | 408,000 | 34,176 | 119,744 | 2,095,820 | ||||||||||
Chief Executive Officer | 2008 | 675,000 | (6) | - | 849,880 | 656,740 | - | (70,936) | 101,642 | 2,212,326 | |||||||||
Edward J. Record | 2010 | 540,442 | (7) | - | 720,500 | 587,000 | 336,875 | 90,659 | 102,774 | 2,378,250 | |||||||||
Chief Operating Officer | 2009 | 460,000 | - | 190,950 | 180,900 | 203,300 | 85,191 | 182,570 | 1,302,911 | ||||||||||
2008 | 460,000 | - | 367,950 | 229,050 | - | (66,905) | 163,078 | 1,153,173 | |||||||||||
Oded Shein | 2010 | 20,192 | (8) | 200,000 | 163,100 | 222,600 | - | (16) | 22,780 | 628,656 | |||||||||
Executive Vice President, | |||||||||||||||||||
Chief Financial Officer | |||||||||||||||||||
Richard A. Maloney | 2010 | 547,116 | (9) | - | 720,500 | 587,000 | 336,875 | 1 | 280,597 | 2,472,089 | |||||||||
Chief Merchandising Officer | 2009 | 475,000 | - | 190,950 | 180,900 | 193,800 | 53 | 156,276 | 1,196,979 | ||||||||||
Ron D. Lucas | 2010 | 355,006 | - | 119,100 | 129,420 | 156,231 | 344,814 | 77,219 | 1,181,790 | ||||||||||
Executive Vice President, | 2009 | 345,000 | - | 76,380 | 72,360 | 117,300 | 489,208 | 66,239 | 1,166,487 | ||||||||||
Human Resources | 2008 | 345,000 | - | 147,180 | 91,620 | - | (535,046) | 64,503 | 113,257 | ||||||||||
Steven L. Hunter | 2010 | 372,116 | (10) | - | 119,100 | 129,420 | 164,063 | 2,117 | 37,325 | 824,141 | |||||||||
Executive Vice President, | |||||||||||||||||||
Chief Information Officer |
Named and Principal Position | Fiscal Year | Salary ($) | Bonus ($) (1) | Stock Awards ($) (2) | Option Awards ($) (3) | Non-Equity Incentive Plan Compensation ($) (4) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) (5) | Total ($) | |||||||||||||||||
Michael L. Glazer (6) | 2013 | 932,693 | — | 2,195,856 | — | — | (18,339 | ) | 289,878 | 3,400,088 | ||||||||||||||||
President and Chief Executive Officer | 2012 | 709,423 | — | 2,638,923 | — | 1,488,945 | 10,515 | 95,108 | 4,942,914 | |||||||||||||||||
Oded Shein | 2013 | 367,404 | — | 426,972 | — | — | 45,896 | 94,846 | 935,118 | |||||||||||||||||
Executive Vice President, | 2012 | 354,135 | — | 326,728 | — | 308,318 | 19,161 | 62,417 | 1,070,759 | |||||||||||||||||
Chief Financial Officer | 2011 | 350,000 | — | 161,309 | — | — | (1,086 | ) | 142,365 | 652,588 | ||||||||||||||||
Edward J. Record (6) | 2013 | 613,942 | — | 1,219,920 | — | — | 249,435 | 162,969 | 2,246,266 | |||||||||||||||||
Chief Operating Officer | 2012 | 582,750 | — | 678,668 | — | 732,186 | 159,792 | 83,703 | 2,237,099 | |||||||||||||||||
2011 | 568,192 | — | 981,331 | 193,353 | — | (17,156 | ) | 116,508 | 1,842,228 | |||||||||||||||||
Steven P. Lawrence (6) | 2013 | 609,616 | — | 1,219,920 | — | — | 24,805 | 154,976 | 2,009,317 | |||||||||||||||||
Chief Merchandising Officer | 2012 | 420,000 | — | 1,378,039 | — | 690,704 | 5,055 | 116,896 | 2,610,694 | |||||||||||||||||
Steven L. Hunter | 2013 | 421,539 | — | 426,972 | — | — | 20,669 | 56,910 | 926,090 | |||||||||||||||||
Executive Vice President, | 2012 | 404,135 | — | 271,085 | — | 360,045 | 10,437 | 43,056 | 1,088,758 | |||||||||||||||||
Chief Information Officer | 2011 | 395,673 | — | 415,712 | 76,907 | — | 132 | 47,590 | 936,014 | |||||||||||||||||
Michael M. Searles (6) | 2013 | 173,077 | — | — | — | — | 70,584 | 524,173 | 767,834 | |||||||||||||||||
President and Chief Operating Officer, | 2012 | 450,000 | — | 326,728 | — | 478,440 | 12,939 | 95,691 | 1,363,798 | |||||||||||||||||
South Hill Division | 2011 | 173,077 | 25,000 | 554,400 | — | — | — | 50,263 | 802,740 |
(1) | Any amounts shown in this column are discretionary cash bonuses awarded for performance in the fiscal year indicated, but paid during the subsequent fiscal year. In consideration for |
(2) | The amounts shown in this column reflect the grant date fair value for performance stock and restricted stock for the Named Executive Officers with respect to the fiscal year in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in Note |
(3) | The amounts shown in this column reflect the grant date fair value for |
(4) | Non-Equity Incentive Plan Compensation (performance based cash bonus) amounts include any amounts deferred under the Executive Deferred Compensation Plan. Amounts reflect performance based bonuses earned during the fiscal year covered (and paid during the subsequent fiscal year) under the applicable Senior Executive Incentive Bonus Plan. |
(5) | All other compensation includes deferred compensation matching contributions, auto allowances, estate planning allowances, insurance premiums and other compensation, as set forth in the |
(6) |
Name | Fiscal Year | Deferred Compensation Matching Contributions ($) | Auto Allowances ($) | Estate Planning Allowances ($) | Life Insurance Premiums ($) | Health Insurance Premiums ($) | Relocation Expense Reimburse- ments ($) | Tax Reimburse-ments ($) | Cell Phone Allowances ($) | Total ($) | ||||||||||
Andrew T. Hall | 2010 | 122,233 | 12,000 | 2,078 | 3,105 | 9,422 | - | - | 1,560 | 150,398 | ||||||||||
2009 | 93,236 | 12,000 | 2,003 | 2,070 | 8,875 | - | - | 1,560 | 119,744 | |||||||||||
2008 | 77,654 | 12,000 | - | 2,070 | 8,358 | - | - | 1,560 | 101,642 | |||||||||||
Edward J. Record | 2010 | 77,284 | 12,000 | 1,298 | 1,210 | 9,422 | - | - | 1,560 | 102,774 | ||||||||||
2009 | 48,244 | 12,000 | 1,338 | 1,041 | 8,875 | 69,595 | 39,917 | 1,560 | 182,570 | |||||||||||
2008 | 53,424 | 12,000 | 2,006 | 1,036 | 8,358 | 53,823 | 30,871 | 1,560 | 163,078 | |||||||||||
Oded Shein | 2010 | 22,088 | 692 | - | - | - | - | - | - | 22,780 | ||||||||||
Richard A. Maloney | 2010 | 76,164 | 12,000 | 6,500 | 8,041 | 7,168 | 137,117 | 32,047 | 1,560 | 280,597 | ||||||||||
2009 | 52,032 | 12,000 | 3,742 | 7,107 | 6,755 | 43,743 | 29,337 | 1,560 | 156,276 | |||||||||||
Ron D. Lucas | 2010 | 49,303 | 12,000 | 1,967 | 5,221 | 7,168 | - | - | 1,560 | 77,219 | ||||||||||
2009 | 38,758 | 12,000 | 2,112 | 5,054 | 6,755 | - | - | 1,560 | 66,239 | |||||||||||
2008 | 39,511 | 12,000 | - | 5,068 | 6,364 | - | - | 1,560 | 64,503 | |||||||||||
Steven L. Hunter | 2010 | 12,094 | 11,769 | 3,292 | 1,105 | 9,065 | - | - | - | 37,325 |
Name | Fiscal Year | Deferred Compensation Matching Contributions ($) | Auto Allowances ($) | Estate Planning Allowances ($) | Life Insurance Premiums ($) | Health Insurance Premiums ($) | Relocation Expense Reimburse- ments ($) | Tax Reimburse- ments ($) | Other ($) (1) | Total ($) | |||||||||||||||||||
Michael L. Glazer | 2013 | 244,176 | 12,000 | 10,000 | 15,583 | 8,119 | — | — | — | 289,878 | |||||||||||||||||||
2012 | 67,060 | 9,231 | — | 6,869 | 8,110 | 2,439 | 1,399 | — | 95,108 | ||||||||||||||||||||
Oded Shein | 2013 | 69,807 | 12,000 | — | 2,686 | 10,353 | — | — | — | 94,846 | |||||||||||||||||||
2012 | 37,625 | 12,000 | — | 2,676 | 10,116 | — | — | — | 62,417 | ||||||||||||||||||||
2011 | 37,038 | 12,000 | — | 2,446 | 8,757 | 52,190 | 29,934 | — | 142,365 | ||||||||||||||||||||
Edward J. Record | 2013 | 136,827 | 12,000 | 2,100 | 1,903 | 10,139 | — | — | — | 162,969 | |||||||||||||||||||
2012 | 60,465 | 12,000 | — | 1,337 | 9,901 | — | — | — | 83,703 | ||||||||||||||||||||
2011 | 92,698 | 12,000 | 600 | 1,301 | 9,669 | — | — | 240 | 116,508 | ||||||||||||||||||||
Steven P. Lawrence | 2013 | 131,852 | 12,000 | — | 1,710 | 6,198 | 1,867 | 1,349 | — | 154,976 | |||||||||||||||||||
2012 | 42,462 | 8,769 | 7,027 | 987 | 3,525 | 34,397 | 19,729 | — | 116,896 | ||||||||||||||||||||
Steven L. Hunter | 2013 | 31,411 | 12,000 | 1,770 | 1,456 | 10,273 | — | — | — | 56,910 | |||||||||||||||||||
2012 | 18,031 | 12,000 | 1,625 | 1,396 | 10,004 | — | — | — | 43,056 | ||||||||||||||||||||
2011 | 19,975 | 12,000 | 4,585 | 1,361 | 9,669 | — | — | — | 47,590 | ||||||||||||||||||||
Michael M. Searles | 2013 | 65,911 | 4,615 | 5,000 | 2,592 | 2,978 | — | — | 443,077 | 524,173 | |||||||||||||||||||
2012 | 46,965 | 12,000 | 5,000 | 6,740 | 7,653 | 10,174 | 7,159 | — | 95,691 | ||||||||||||||||||||
2011 | 20,415 | 4,615 | — | 1,296 | 1,455 | 13,015 | 9,467 | — | 50,263 |
(1) | Other Compensation includes cell phone allowances, in the case of Mr. Record, and severance pay, in the case of Mr. Searles. |
Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1) | Estimated Future Payouts Under Equity Incentive Plan Awards (2) | All Other Stock Awards: Number of Shares of Stock or Units (#) | All Other Options Awards: Number of Securities Underlying Options (#) (3) | Exercise or Base Price of Option Awards ($/Sh) | Grant Date Fair Value of Stock and Option Awards ($)(4) | ||||||||||||
Name | Grant Date | Threshold ($) | Target ($) | Maximum ($) | Threshold (#) | Target (#) | Maximum (#) | ||||||||||
Andrew T. Hall | 180,000 | 720,000 | 1,440,000 | - | - | - | - | - | - | - | |||||||
3/26/2010 | - | - | - | 6,250 | 25,000 | 50,000 | - | - | - | 496,250 | |||||||
3/26/2010 | - | - | - | - | - | - | - | 100,000 | 15.50 | 719,000 | |||||||
Edward J. Record | 96,300 | 385,000 | 770,000 | - | - | - | - | - | - | - | |||||||
3/26/2010 | - | - | - | 5,000 | 20,000 | 40,000 | - | - | - | 397,000 | |||||||
2/15/2010 | - | - | - | - | - | - | - | 100,000 | 12.94 | 587,000 | |||||||
2/15/2010 | - | - | - | - | - | - | 25,000 | - | - | 323,500 | |||||||
Oded Shein | - | - | - | - | - | - | - | - | - | - | |||||||
1/10/2011 | - | - | - | - | - | - | - | 30,000 | 16.31 | 222,600 | |||||||
1/10/2011 | - | - | - | - | - | - | 10,000 | - | - | 163,100 | |||||||
Richard A. Maloney | 96,300 | 385,000 | 770,000 | - | - | - | - | - | - | - | |||||||
3/26/2010 | - | - | - | 5,000 | 20,000 | 40,000 | - | - | - | 397,000 | |||||||
2/15/2010 | - | - | - | - | - | - | - | 100,000 | 12.94 | 587,000 | |||||||
2/15/2010 | - | - | - | - | - | - | 25,000 | - | - | 323,500 | |||||||
Ron D. Lucas | 44,600 | 178,600 | 357,100 | - | - | - | - | - | - | - | |||||||
3/26/2010 | - | - | - | 1,500 | 6,000 | 12,000 | - | - | - | 119,100 | |||||||
3/26/2010 | - | - | - | - | - | - | - | 18,000 | 15.50 | 129,420 | |||||||
Steven L. Hunter | 46,900 | 187,500 | 375,000 | - | - | - | - | - | - | - | |||||||
3/26/2010 | - | - | - | 1,500 | 6,000 | 12,000 | - | - | - | 119,100 | |||||||
3/26/2010 | - | - | - | - | - | - | - | 18,000 | 15.50 | 129,420 |
All Other Stock Awards: Number of Shares of Stock or Units (#) (3) | ||||||||||||||||||
Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1) | Estimated Future Payouts Under Equity Incentive Plan Awards (2) | Grant Date Fair Value of Stock and Option Awards ($) (4) | ||||||||||||||||
Name | Grant Date | Threshold ($) | Target ($) | Maximum ($) | Threshold (#) | Target (#) | Maximum (#) | |||||||||||
Michael L. Glazer | 396,150 | 950,000 | 1,900,000 | — | — | — | — | — | ||||||||||
4/4/2013 | — | — | — | 9,900 | 39,600 | 79,200 | — | 1,338,876 | ||||||||||
4/4/2013 | — | — | — | — | — | — | 32,400 | 856,980 | ||||||||||
Oded Shein | 76,960 | 185,000 | 370,000 | — | — | — | — | — | ||||||||||
4/4/2013 | — | — | — | 1,925 | 7,700 | 15,400 | 260,337 | |||||||||||
4/4/2013 | — | — | — | — | — | — | 6,300 | 166,635 | ||||||||||
Edward J. Record | 181,040 | 434,000 | 868,000 | — | — | — | — | — | ||||||||||
4/4/2013 | — | — | — | 5,500 | 22,000 | 44,000 | — | 743,820 | ||||||||||
4/4/2013 | — | — | — | — | — | — | 18,000 | 476,100 | ||||||||||
Steven P. Lawrence | 181,040 | 434,000 | 868,000 | — | — | — | — | — | ||||||||||
4/4/2013 | — | — | — | 5,500 | 22,000 | 44,000 | — | 743,820 | ||||||||||
4/4/2013 | — | — | — | — | — | — | 18,000 | 476,100 | ||||||||||
Steven L. Hunter | 88,400 | 212,500 | 425,000 | — | — | — | — | — | ||||||||||
4/4/2013 | — | — | — | 1,925 | 7,700 | 15,400 | — | 260,337 | ||||||||||
4/4/2013 | — | — | — | — | — | — | 6,300 | 166,635 | ||||||||||
Michael M. Searles | 112,500 | 270,000 | 540,000 | — | — | — | — | — |
(1) | Shown are the Threshold, Target and Maximum payouts for which each executive was eligible under our |
Options/SARs Awards | Stock Awards | |||||||||||||||||
Name | Number of Securities Underlying Unexercised Options/SARs Exercisable (#) | Number of Securities Underlying Unexercised Options/SARs Unexercisable (#) (1) | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options /SARs(#) | Option/ SARs Exercise Price ($/Sh) | Option/ SARs Expiration Date | Number of Shares or Units of Stock That Have Not Vested (#) (2) | Market Value of Shares or Units of Stock That Have Not Vested ($) | Equity Incentive Plans Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested (#) (3) | Equity Incentive Plans Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights That Have Not Vested ($) | |||||||||
Andrew T. Hall | 150,000 | - | - | 18.74 | 2/20/2013 | - | - | - | - | |||||||||
37,500 | 12,500 | - | 22.96 | 3/28/2014 | - | - | - | - | ||||||||||
43,000 | 43,000 | - | 15.87 | 3/28/2015 | - | - | - | - | ||||||||||
50,000 | 50,000 | - | 7.07 | 11/3/2015 | - | - | - | - | ||||||||||
25,000 | 75,000 | - | 9.77 | 3/27/2016 | - | - | - | - | ||||||||||
- | 100,000 | - | 15.50 | 3/26/2017 | - | - | - | - | ||||||||||
- | - | - | - | - | 30,000 | 471,600 | 55,000 | 864,600 | ||||||||||
Edward J. Record | 75,000 | 25,000 | - | 19.96 | 5/14/2014 | - | - | - | - | |||||||||
22,500 | 22,500 | - | 15.87 | 3/28/2015 | - | - | - | - | ||||||||||
11,250 | 33,750 | - | 9.77 | 3/27/2016 | - | - | - | - | ||||||||||
- | 100,000 | - | 12.94 | 2/15/2017 | - | - | - | - | ||||||||||
- | - | - | - | - | 25,000 | 393,000 | 35,000 | 550,200 | ||||||||||
Oded Shein | - | 30,000 | - | 16.31 | 1/10/2018 | - | - | - | - | |||||||||
- | - | - | - | - | 10,000 | 157,200 | - | - | ||||||||||
Richard A. Maloney | 50,000 | 50,000 | - | 11.03 | 10/6/2015 | - | - | - | - | |||||||||
11,250 | 33,750 | - | 9.77 | 3/27/2016 | - | - | - | - | ||||||||||
- | 100,000 | - | 12.94 | 2/15/2017 | - | - | - | - | ||||||||||
- | - | - | - | - | 55,000 | 864,600 | 35,000 | 550,200 | ||||||||||
Ron D. Lucas | 18,125 | - | - | 6.11 | 8/24/2011 | - | - | - | - | |||||||||
9,375 | - | - | 6.67 | 8/24/2011 | - | - | - | - | ||||||||||
112,500 | - | - | 7.22 | 8/24/2011 | - | - | - | - | ||||||||||
10,264 | - | - | 17.01 | 3/30/2012 | - | - | - | - | ||||||||||
12,000 | - | - | 19.18 | 3/17/2013 | - | - | - | - | ||||||||||
9,000 | 3,000 | - | 22.96 | 3/28/2014 | - | - | - | - | ||||||||||
9,000 | 9,000 | - | 15.87 | 3/28/2015 | - | - | - | - | ||||||||||
4,500 | 13,500 | - | 9.77 | 3/27/2016 | - | - | - | - | ||||||||||
- | 18,000 | - | 15.50 | 3/26/2017 | - | - | - | - | ||||||||||
- | - | - | - | - | - | - | 12,000 | 188,640 | ||||||||||
Steven L. Hunter | 7,500 | 7,500 | - | 13.26 | 6/2/2015 | - | - | - | - | |||||||||
3,750 | 11,250 | - | 9.77 | 3/27/2016 | - | - | - | - | ||||||||||
- | 18,000 | - | 15.50 | 3/26/2017 | - | - | - | - | ||||||||||
- | - | - | - | - | 5,000 | 78,600 | 11,000 | 172,920 |
Options/ SARs Awards | Stock Awards | ||||||||||||||||||
Name | Number of Securities Underlying Unexercised Options/SARs Exercisable (#) | Number of Securities Underlying Unexercised Options/SARs Unexercisable (#) (1) | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options /SARs (#) | Option/ SARs Exercise Price ($/Sh) | Option/ SARs Expiration Date | Number of Shares or Units of Stock That Have Not Vested (#) (2) | Market Value of Shares or Units of Stock That Have Not Vested ($) | Equity Incentive Plans Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested (#) (3) | Equity Incentive Plans Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights That Have Not Vested ($) | ||||||||||
Michael L. Glazer | 5,625 | — | — | 16.67 | 6/3/2014 | — | — | — | — | ||||||||||
— | — | — | — | — | 102,400 | 2,007,040 | 112,933 | 2,213,487 | |||||||||||
Oded Shein | 22,500 | 7,500 | — | 16.31 | 1/10/2018 | — | — | — | — | ||||||||||
— | — | — | — | — | 14,800 | 290,080 | 20,600 | 403,760 | |||||||||||
Edward J. Record | 100,000 | — | — | 19.96 | 4/28/2014 | * | — | — | — | — | |||||||||
45,000 | — | — | 15.87 | 4/28/2014 | * | — | — | — | — | ||||||||||
45,000 | — | — | 9.77 | 4/28/2014 | * | — | — | — | — | ||||||||||
75,000 | 25,000 | — | 12.94 | 4/28/2014 | * | — | — | — | — | ||||||||||
11,125 | 11,125 | — | 18.84 | 4/28/2014 | * | — | — | — | — | ||||||||||
— | — | — | — | — | 46,600 | 913,360 | 50,050 | 980,980 | |||||||||||
Steven P. Lawrence | — | — | — | — | — | 55,500 | 1,087,800 | 58,667 | 1,149,873 | ||||||||||
Steven L. Hunter | 15,000 | — | — | 13.26 | 6/2/2015 | — | — | — | — | ||||||||||
13,500 | 4,500 | — | 15.50 | 3/26/2017 | — | — | — | — | |||||||||||
4,425 | 4,425 | — | 18.84 | 3/29/2018 | — | — | — | — | |||||||||||
21,725 | 425,810 | 18,900 | 370,440 | ||||||||||||||||
Michael M. Searles | — | — | — | — | — | — | — | — | — |
Name | Number of | Vesting Date | |||||
Oded Shein | |||||||
7,500 | |||||||
1/10/2015 | |||||||
Edward J. Record | |||||
2/ | |||||
Steven L. Hunter | |||||
2,212 | 3/29/2014 | ||||
2,213 | 3/29/2015 |
Name | Number of Restricted Stock (#) | Vesting Date | |||
Michael L. Glazer | 8,100 | 4/4/2014 | |||
23,333 | 4/19/2014 | ||||
8,100 | 4/4/2015 | ||||
23,333 | 4/19/2015 | ||||
8,100 | 4/4/2016 | ||||
23,334 | 4/19/2016 | ||||
8,100 | 4/4/2017 | ||||
| |||||
Oded Shein | 2,050 | 3/28/2014 | |||
1,175 | 3/29/2014 | ||||
1,575 | 4/4/2014 | ||||
2,050 | 3/28/2015 | ||||
1,175 | 3/29/2015 | ||||
1,575 | 4/4/2015 | ||||
2,050 | 3/28/2016 | ||||
1,575 | 4/4/2016 | ||||
1,575 | 4/5/2017 | ||||
Steven P. Lawrence | 4,500 | 4/4/2014 | |||
12,500 | 4/30/2014 | ||||
4,500 | 4/4/2015 | ||||
12,500 | 4/30/2015 | ||||
4,500 | 4/4/2016 | ||||
12,500 | 4/30/2016 | ||||
4,500 | 4/4/2017 | ||||
Steven L. Hunter | 1,700 | 3/28/2014 | |||
6,483 | 3/29/2014 | ||||
1,575 | 4/4/2014 | ||||
2,667 | 4/11/2014 | ||||
1,700 | 3/28/2015 | ||||
1,175 | 3/29/2015 | ||||
1,575 | 4/4/2015 | ||||
1,700 | 3/28/2016 | ||||
1,575 | 4/4/2016 | ||||
1,575 | 4/4/2017 |
Name | Number of Performance Shares (#) | Performance Cycle Measurement Date | |||
Michael L. Glazer | 73,333 | 1/31/2015 | |||
39,600 | 1/30/2016 | ||||
Oded Shein | 2,900 | 2/1/2014 | |||
10,000 | 1/31/2015 | ||||
7,700 | 1/30/2016 | ||||
Edward J. Record | 7,250 | 2/ | |||
Steven P. Lawrence | 36,667 | 1/31/2015 | |||
22,000 | 1/30/2016 | ||||
Steven L. Hunter | 2,900 | 2/1/2014 | |||
8,300 | 1/31/2015 | ||||
7,700 | 1/30/2016 |
Options/SARs Awards | Stock Awards | |||||||
Name | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise ($) | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($) (1) | ||||
Andrew T. Hall | - | - | 6,426 | (2) | 98,993 | |||
Edward J. Record | - | - | 10,000 | (3) | 146,100 | |||
Oded Shein | - | - | - | - | ||||
Richard A. Maloney | - | - | - | - | ||||
Ron D. Lucas | 10,000 | 102,832 | 1,607 | (2) | 24,756 | |||
Steven L. Hunter | - | - | - | - |
Options/SARs Awards | Stock Awards | |||||||||||
Name | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise ($) | Number of Shares Acquired on Vesting (#) (2) | Value Realized on Vesting ($) (1) | ||||||||
Michael L. Glazer | 5,625 | 78,891 | 23,333 | 650,874 | ||||||||
Oded Shein | — | — | 13,225 | 294,711 | ||||||||
Edward J. Record | — | — | 69,315 | 1,786,366 | ||||||||
Steven P. Lawrence | — | — | 12,500 | 347,000 | ||||||||
Steven L. Hunter | 15,000 | 245,163 | 13,683 | 365,093 | ||||||||
Michael M. Searles | — | — | 2,050 | 53,403 |
(1) | Based on the average of the high and low market price of our common stock on the date of issuance. |
(2) | Reflects |
Name | Plan Name | Number of Years Credited Service (1) | Present Value of Accumulated Benefit (2) | Payments During Last Fiscal Year |
Mr. Lucas | Stage Plan | 15 | $90,262 | - |
Name | Executive Contributions in Last Fiscal Year ($) (1) | Registrant Contributions in Last Fiscal Year ($) | Aggregate Earnings in Last Fiscal Year ($) | Aggregate Withdrawals/ Distributions ($) | Aggregate Balance at Last FYE ($) | Executive Contributions in Last Fiscal Year ($) | Registrant Contributions in Last Fiscal Year ($) (1) | Aggregate Earnings in Last Fiscal Year ($) | Aggregate Withdrawals/ Distributions ($) | Aggregate Balance at Last FYE ($) | |||||||||||||||
Andrew T. Hall | 122,233 | 122,233 | 89,709 | - | 957,779 | ||||||||||||||||||||
Michael L. Glazer | 244,176 | 244,176 | (18,339 | ) | — | 614,648 | |||||||||||||||||||
Oded Shein | 79,872 | 69,807 | 45,896 | — | 411,185 | ||||||||||||||||||||
Edward J. Record | 135,559 | 77,284 | 90,659 | - | 668,093 | 361,643 | 136,827 | 249,435 | — | 2,074,409 | |||||||||||||||
Oded Shein | 22,088 | 22,088 | (16) | - | 44,160 | ||||||||||||||||||||
Richard A. Maloney | 76,164 | 76,164 | 1 | - | 299,886 | ||||||||||||||||||||
Ron D. Lucas | 172,824 | 49,303 | 337,570 | - | 2,504,416 | ||||||||||||||||||||
Steven P. Lawrence | 131,852 | 131,852 | 24,805 | — | 378,488 | ||||||||||||||||||||
Steven L. Hunter | 12,094 | 12,094 | 2,117 | - | 28,541 | 31,411 | 31,411 | 20,669 | — | 198,613 | |||||||||||||||
Michael M. Searles | 65,911 | 65,911 | 70,584 | 352,203 | — |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) (1) | Max Outplacement ($) | Max Financial Planning ($) | Deferred Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. Glazer | $1.9 million | Amount earned and prorated through date of termination | $30,971 | Provided for up to 1 year with $15,000 maximum | None | (2) | Immediate vesting of all Restricted Shares and pro-rated vesting of Performance Shares. |
Mr. Shein | $0.6 million | Amount earned and prorated through date of termination | $23,199 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Lawrence | $1.6 million | Amount earned and prorated through date of termination | $28,490 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Hunter | $0.6 million | Amount earned and prorated through date of termination | $23,119 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) (1) | Max Outplacement ($) | Max Financial Planning ($) | Pension and Deferred Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. Hall | $3.0 million | Amount earned and prorated through date of termination | $38,740 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Record | $1.4 million | Amount earned and prorated through date of termination | $18,892 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Shein | $0.5 million | Amount earned and prorated through date of termination | $18,454 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Maloney | $1.4 million | Amount earned and prorated through date of termination | $24,961 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Lucas | $0.5 million | Amount earned and prorated through date of termination | $16,335 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
Mr. Hunter | $0.6 million | Amount earned and prorated through date of termination | $18,697 | Provided for up to 1 year with $15,000 maximum | None | (2) | All unvested awards are forfeited. |
(1) | The amount shown reflects the estimated premiums to be paid by the Company on behalf of the Named Executive Officer for medical, |
(2) | Please see the |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) (1) | Max Outplacement ($) | Max Financial Planning ($) | Deferred Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. Glazer | $5.7 million | Amount earned and prorated through date of termination | $61,943 | Provided for up to 1 year with $15,000 maximum | Provided for up to 3 years with $10,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Shein | $1.1 million | Amount earned and prorated through date of termination | $46,398 | Provided for up to 1 year with $15,000 maximum | Provided for 2 years with $5,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Lawrence | $3.2 million | Amount earned and prorated through date of termination | $56,980 | Provided for up to 1 year with $15,000 maximum | Provided for 3 years with $10,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Hunter | $1.3 million | Amount earned and prorated through date of termination | $46,238 | Provided for up to 1 year with $15,000 maximum | Provided for 2 years with $5,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) (1) | Max Outplacement ($) | Max Financial Planning ($) | Pension and Deferred Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. Hall | $4.6 million | Amount earned and prorated through date of termination | $58,111 | Provided for up to 1 year with $15,000 maximum | Provided for up to 3 years with $10,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Record | $2.8 million | Amount earned and prorated through date of termination | $46,901 | Provided for up to 1 year with $15,000 maximum | Provided for 3 years with $7,500 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Shein | $1.0 million | Amount earned and prorated through date of termination | $36,909 | Provided for up to 1 year with $15,000 maximum | Provided for 2 years with $5,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Maloney | $2.8 million | Amount earned and prorated through date of termination | $49,922 | Provided for up to 1 year with $15,000 maximum | Provided for 3 years with $7,500 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Lucas | $1.1 million | Amount earned and prorated through date of termination | $32,670 | Provided for up to 1 year with $15,000 maximum | Provided for 2 year with $5,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
Mr. Hunter | $1.1 million | Amount earned and prorated through date of termination | $37,395 | Provided for up to 1 year with $15,000 maximum | Provided for 2 year with $5,000 annual maximum | (2) | Unvested Stock Options, SARs and Restricted Stock automatically vest; all Performance Shares are vested at target level and are payable to the Executive within 30 days of the effective date of the Change in Control. |
(1) | The amount shown reflects the estimated premiums to be paid by the Company on behalf of the Named Executive Officer for medical, |
(2) | Please see the |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) | Max Outplacement ($) | Max Financial Planning ($) | Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. | None | None | None | None | None | (1) | All unvested awards are forfeited. |
Mr. Shein | None | None | None | None | None | (1) | All unvested awards are forfeited. |
Mr. | None | None | None | None | None | (1) | All unvested awards are forfeited. |
Mr. Hunter | None | None | None | None | None | (1) | All unvested awards are forfeited. |
(1) | Please see the |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) | Max Outplacement ($) | Max Financial Planning ($) | Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. Shein | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) | Max Outplacement ($) | Max Financial Planning ($) | Compensation ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. Shein | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
(1) |
Name | Severance | Incentive Bonus ($) | Fringe Benefits ($) | Max Outplacement ($) | Max Financial Planning ($) | Stock Options, SARs, Restricted Stock and Performance Shares ($) |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. Shein | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
Mr. | None | None | None | None | None | (1) | Unvested Stock Options, SARs and Restricted Stock fully vest and are exercisable within one year from termination date; all Performance Shares are vested at target level and are payable to the Executive. |
(1) | Please see the |
(i) | earned and unpaid Base Salary, and |
(ii) | an amount equal to two times in the case of Mr. Glazer, one and one-half times in the case of Mr. Lawrence, and one times in the case of Messrs. Shein and Hunter, the aggregate of (x) his Base Salary plus (y) the Incentive Compensation at the Target Rate (as defined below) in effect as of the date of termination, |
(iii) | the Incentive Compensation for the fiscal year in which the termination occurs pro-rated through the date of termination; provided, however, the Executive will not receive any portion of the Incentive Compensation unless the Board determines that the Executive would have been entitled to receive any Incentive Compensation for the fiscal year in which the termination occurred as set forth in the Employment Agreement, |
(iv) | continuation of medical and dental benefits to which the Executive is participating as of the date of termination for a period of 18 months in the case of Messrs. Glazer and Lawrence and 12 months in the case of Messrs. Shein and Hunter from the date of termination, and |
(v) | payment of outplacement services for a period of 12 months from the date of termination with payments not to exceed $15,000. |
(i) | an amount equal to three times (two times in the case of Messrs. Shein |
(ii) | the Incentive Compensation for the fiscal year in which the Change in Control or termination occurs pro-rated through the date of the Change in Control or termination; |
(iii) | continuation of certain fringe benefits to which the Executive is participating as of the date of Change in Control or termination for a period of 36 months (24 months in the case of Messrs. Shein |
(iv) | payment of outplacement services for a period of 12 months from the date of the Change in Control or termination with payments not to exceed $15,000; and |
(v) | continuation of the financial planning allowance for a period of 36 months (24 months in the case of Messrs. Shein |
(i) | A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock; |
(ii) | An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company; |
(iii) | A person, or more than one person acting as a group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the Company; or |
Name | Fees Earned or Paid in Cash ($) (1) | Stock Awards ($) (2) | Option Awards ($) (3) | Non-Equity Incentive Plan Compensation ($) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) (4) | All Other Compensation ($) | Total ($) | Fees Earned or Paid in Cash ($) (1) | Stock Awards ($) (2) | Option Awards ($) (3) | Non-Equity Incentive Plan Compensation ($) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) (4) | All Other Compensation ($) | Total ($) | ||||||||||||||
Alan J. Barocas | 63,000 | 102,563 | - | - | - | - | 165,563 | 69,000 | 100,001 | — | — | — | — | 169,001 | ||||||||||||||
Michael L. Glazer | 69,000 | 102,563 | - | - | - | - | 171,563 | |||||||||||||||||||||
Gabrielle E. Greene | 23,833 | 51,279 | - | - | - | - | 75,112 | 61,500 | 100,001 | — | — | — | — | 161,501 | ||||||||||||||
Diane M. Ellis | 63,500 | 100,001 | — | — | — | — | 163,501 | |||||||||||||||||||||
Earl J. Hesterberg | 31,333 | 51,287 | - | - | - | - | 82,620 | 73,500 | 100,001 | — | — | — | — | 173,501 | ||||||||||||||
John T. Mentzer | (5) | 8,333 | - | - | - | 6,389 | - | 14,722 | ||||||||||||||||||||
Sharon B. Mosse | (5) | 27,667 | - | - | - | (19,078) | - | 8,589 | ||||||||||||||||||||
Lisa R. Kranc | 58,500 | 100,001 | — | — | — | — | 158,501 | |||||||||||||||||||||
William J. Montgoris | 155,000 | 102,563 | - | - | - | - | 257,563 | 184,500 | 100,001 | — | — | — | — | 284,501 | ||||||||||||||
James R. Scarborough | (5) (6) | - | - | - | - | - | 126,539 | 126,539 | ||||||||||||||||||||
C. Clayton Reasor | 57,500 | 100,001 | — | — | — | — | 157,501 | |||||||||||||||||||||
David Y. Schwartz | 54,083 | 102,563 | - | - | 56,523 | - | 213,169 | 81,000 | 100,001 | — | — | (26,994) | — | 154,007 | ||||||||||||||
Cheryl Nido Turpin | 53,167 | 153,842 | - | - | - | - | 207,009 | |||||||||||||||||||||
Ralph P. Scozzafava | 64,500 | 100,001 | — | — | — | — | 164,501 |
(1) | The amounts shown in this column reflect the amount of cash compensation earned |
(2) | The amounts shown in |
(3) | No stock options were awarded to Directors in |
(4) | The amounts shown reflect deferred compensation as well as the increase (decrease) in value related to the DSUs from dividends and changes in market price of our common stock. |
Compensation of Directors |
Forfeiture of Grants. A Director will forfeit any unvested Initial Grant and Reelection Grants if the Director ceases to be a Director at any time prior to their vesting date other than due to (i) the fact that the Director’s age prohibits the Director from serving as a Director, (ii) death, (iii) permanent disability (as determined by the Board), or (iv) a Change in Control (as defined in the applicable equity incentive plan), at which time the unvested Initial Grant and Reelection Grants will fully vest. |
ITEM 2 – ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION |
to reward our executive officers upon the achievement of short-term and long-term business objectives and enhanced shareholder value. |
ITEM 3 – RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2014 |
Description of Professional Service | Amount Billed | Amount Billed | ||||||
2010 | 2009 | Fiscal 2013 | Fiscal 2012 | |||||
Audit Fees are fees for (i) the audit of our annual financial statements, (ii) review of financial statements in our quarterly reports on Form 10-Qs, (iii) the audit of the effectiveness of our internal control over financial reporting, and (iv) for services that are provided by the independent registered public accounting firm in connection with statutory and regulatory filings. | $901,725 | $898,380 | $1,044,000 | $1,014,200 | ||||
Audit-Related Fees are for professional services rendered in connection with the application of financial accounting and reporting standards, as well as acquisition related matters. | - | - | — | — | ||||
Tax Fees are fees for compliance, tax advice, and tax planning. | - | - | — | — | ||||
All Other Fees are fees for any service not included in the first three categories. Indicates fees for services related to the audit of the financial statements of our Nonqualified Deferred Compensation Plan (Senior Executives) (the “Plan”), which are included in the Plan’s Annual Report on Form 11-K. All services were approved by the Audit Committee. | $16,500 | $16,450 | $23,700 | $18,300 |
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS |
Plan category | Number of securities to be issued upon exercises of outstanding options, warrants and rights (a) | Weighted-average exercise price of outstanding options, warrants and rights (b) | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) | ||||||||||||||||||||
Equity compensation plans approved by security holders: | |||||||||||||||||||||||
2001 Plan (1) | 2,395,898 | (2) | $17.12 | 916,915 | |||||||||||||||||||
2008 Plan | 1,899,250 | (2) | $12.30 | 807,000 | |||||||||||||||||||
2003 Director Plan | 10,710 | (3) | (4) | 204,748 | (5) | ||||||||||||||||||
Plan category | Number of securities to be issued upon exercises of outstanding options, warrants and rights (a) | Weighted-average exercise price of outstanding options, warrants and rights (b) | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) | ||||||||||||||||||||
Equity compensation plans approved by security holders: | |||||||||||||||||||||||
2001 Plan (1) | 349,676 | (2) | $18.56 | 506,318 | |||||||||||||||||||
2008 Plan | 715,175 | (2) | $15.53 | 2,640,846 | |||||||||||||||||||
2003 Director Plan | 11,351 | (3) | — | (4) | 213,649 | (5) | |||||||||||||||||
Equity compensation plans not approved by security holders | Equity compensation plans not approved by security holders | None | None | None | None | None | None | ||||||||||||||||
Total | Total | 4,305,858 | $14.99 | 1,928,663 | 1,076,202 | $16.52 | 3,360,813 |
(1) | The number of securities remaining available for future issuance under the 2001 Plan has been reduced to reflect an aggregate of |
(2) | The weighted average remaining contractual life of these outstanding options and SARs is |
(3) | Reflects Deferred Stock Units |
(4) | Not applicable. |
(5) | Shares granted under the 2003 Director Plan are solely for non-employee Directors that elect to receive their fees or retainers in DSUs in lieu of cash. There is no Company match or premium applied to compensation received in the form of equity. |
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE |
Reporting Person | Transaction Date | Form 4 Due Date | Form 4 Filing Date | Days Late* | Shares in Transaction | Explanation | |||||||
Michael Glazer | April 8 | April 10 | April 16 | 4 | 5,636 | (1) | |||||||
Ron Lucas | April 8 | April 10 | April 16 | 4 | 757 | (1) | |||||||
Edward Record | April 11 | April 15 | April 16 | 1 | 4,195 | (2) | |||||||
Steven Hunter | April 11 | April 15 | April 16 | 1 | 1,119 | (2) | |||||||
Ron Lucas | April 11 | April 15 | April 16 | 1 | 140 | (2) | |||||||
Michael Glazer | July 2 | July 5 | July 8 | 1 | 160 | (1) | |||||||
Ron Lucas | July 2 | July 5 | July 8 | 1 | 34 | (1) | |||||||
Michael Glazer | December 18 | December 20 | December 26 | 3 | 72 | (1) | |||||||
Ron Lucas | December 18 | December 20 | December 26 | 3 | 192 | (1) | |||||||
Edward Record | December 18 | December 20 | December 26 | 3 | 20 | (1) | |||||||
Russ Lundy II | December 18 | December 20 | December 26 | 3 | 12 | (1) | |||||||
Richard Stasyszen | December 18 | December 20 | December 26 | 3 | 25 | (1) |
ADDITIONAL INFORMATION |
Fulfillment | |||
(Continued and to be marked, dated and signed, on the other side) | 96301 | 96304 |