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AKS » Topics » NONQUALIFIED DEFERRED COMPENSATION TABLE

This excerpt taken from the AKS DEF 14A filed Apr 17, 2008.

NONQUALIFIED DEFERRED COMPENSATION TABLE

The Company has an Executive Deferred Compensation Plan. Currently, however, none of the NEOs participate in that Plan. The Company also has a nonqualified retirement plan referred to as a Supplemental Thrift Plan which provides for Company matching contributions with respect to base salary that is not permitted to be taken into account under the Company’s Thrift Plan due to limits on earnings imposed by the Internal Revenue Code. The table below provides information regarding the aggregate earnings and the total account balance for each NEO as of December 31, 2007 in the Company’s Supplemental Thrift Plan. The Supplemental Thrift Plan and the Executive Deferred Compensation Plan are described in more detail in the “Pension and other retirement benefits” section of the Compensation Discussion and Analysis.

 

Name

    Registrant
Contributions
in Last FY($)		    Aggregate
Earnings
in Last
Fiscal
Year($)(1)		    Aggregate
Balance
at Last
Fiscal
Year
End($)

James L. Wainscott

    $ 19,375    $ 1,223    $ 42,422

Albert E. Ferrara, Jr.

    $ 5,125    $ 262    $ 10,337

David C. Horn

    $ 8,125    $ 540    $ 18,897

John F. Kaloski

    $ 6,375    $ 354    $ 13,362

Douglas W. Gant

    $ 3,500    $ 113    $ 5,650

 

(1) The amount shown in this column is calculated based on assumed earnings on each NEO’s account balance using an investment option within the Company-sponsored Thrift Plan known as the Fixed Income Fund.

 

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Table of Contents
This excerpt taken from the AKS DEF 14A filed Apr 16, 2007.

NONQUALIFIED DEFERRED COMPENSATION TABLE

The Company has an Executive Deferred Compensation Plan. Currently, however, none of the NEOs participate in that Plan. The Company also has a nonqualified retirement plan referred to as a Supplemental Thrift Plan which provides for Company matching contributions with respect to base salary that is not permitted to be taken into account under the Company’s Thrift Plan due to limits on earnings imposed by the Internal Revenue Code. The table below provides information regarding the aggregate earnings and the total account balance for each NEO as of December 31, 2006 in the Company’s Supplemental Thrift Plan. The table does not present any information regarding the Company’s contributions into the Supplemental Thrift Plan because there were no matching contributions credited to the NEOs for the 2006 plan year. The Supplemental Thrift Plan and the Executive Deferred Compensation Plan are described in more detail in the “Pension and other retirement benefits” section of the Compensation Discussion and Analysis.

 

Name

    Aggregate Earnings in
Last Fiscal Year ($)(1)		    Aggregate Balance
at Last Fiscal Year End
($)(2)

James L. Wainscott

    $ 814    $ 21,824

Albert E. Ferrara, Jr.

    $ 184    $ 4,950

David C. Horn

    $ 382    $ 10,232

John F. Kaloski

    $ 246    $ 6,633

Douglas W. Gant

    $ 73    $ 2,037
(1) The amount shown in this column is calculated based on assumed earnings on each NEO’s account balance using an investment option within the Company-sponsored Thrift Plan known as the Fixed Income Fund.

 

(2) Matching contributions made by the Company under the Supplemental Thrift Plan in 2005 were reported in the Summary Compensation Table for that year as follows: Mr. Wainscott, $11,800; Mr. Ferrara, $2,800; Mr. Horn, $5,400; Mr. Kaloski, $3,800; and Mr. Gant, $1,550. Matching contributions made by the Company under the Supplemental Thrift Plan in 2004 were reported in the Summary Compensation Table for that year as follows: Mr. Wainscott, $8,900; Mr. Ferrara, $1,900; Mr. Horn, $4,300; Mr. Kaloski, $2,500; and Mr. Gant, $400.

 

43

Table of Contents

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 17, 2008
DEF 14A
Apr 16, 2007

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