ADI » Topics » Base Salary

This excerpt taken from the ADI DEF 14A filed Feb 3, 2010.
Base Salary
 
In November 2008, due to widespread economic uncertainty in the United States, and to reduce our payroll expenses, management froze employee salaries for 2009 at 2008 levels and postponed annual salary increases which would normally take effect in early 2009 until business conditions improve. Certain employees may have received promotional raises in fiscal 2009 in recognition of increased responsibilities, but none of our Named Executive Officers received such an increase in fiscal 2009. For fiscal 2010, management again froze employee salaries at existing levels until business conditions improve.
 
 
This excerpt taken from the ADI DEF 14A filed Jun 18, 2009.
Base Salary
 
For fiscal 2008, the Compensation Committee determined the amount of annual base salary that each executive received based on the Committee’s evaluation of the following factors:
 
  •  The 50th percentile salary range for individuals in comparable positions based on the 2007 Peer Group survey prepared by PMP;
 
  •  The executive’s responsibilities for and activities on behalf of the Company and the impact of those responsibilities and activities on our overall performance;
 
  •  The executive’s skills, experience and performance in the prior year;
 
  •  The potential for the executive’s growth and development; and
 
  •  A comparison of the above elements with similar elements for other executives within the Company.


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The salaries for all of our Named Executive Officers in fiscal 2008 appear in the Summary Compensation Table that follows this Compensation Discussion and Analysis. The Compensation Committee maintained Mr. Fishman’s salary at the same level as it has been since 2003 because the Committee decided that any increase in Mr. Fishman’s compensation should be in the form of performance-based compensation. During 2008, the Compensation Committee increased the salaries of Messrs. Marshall and McAdam by 4% and Mr. Roche by 7.8% in order to maintain their salaries within the range of comparable salaries in the 2007 Peer Group survey. In December 2007, Mr. McDonough announced his intention to retire during 2008, so the Compensation Committee did not change Mr. McDonough’s salary rate in 2008.
 
Due to widespread economic uncertainty in the United States, and to reduce our payroll expenses, management froze employee salaries at 2008 levels and postponed annual salary increases which would normally take effect in early 2009 until business conditions improve. Certain employees may receive promotional raises in fiscal 2009 in recognition of increased responsibilities, but none of our Named Executive Officers has received such an increase.
 
This excerpt taken from the ADI DEF 14A filed Feb 4, 2009.
Base Salary
 
For fiscal 2008, the Compensation Committee determined the amount of annual base salary that each executive received based on the Committee’s evaluation of the following factors:
 
  •  The 50th percentile salary range for individuals in comparable positions based on the 2007 Peer Group survey prepared by PMP;
 
  •  The executive’s responsibilities for and activities on behalf of the Company and the impact of those responsibilities and activities on our overall performance;
 
  •  The executive’s skills, experience and performance in the prior year;
 
  •  The potential for the executive’s growth and development; and
 
  •  A comparison of the above elements with similar elements for other executives within the Company.
 
The salaries for all of our Named Executive Officers in fiscal 2008 appear in the Summary Compensation Table that follows this Compensation Discussion and Analysis. The Compensation Committee maintained Mr. Fishman’s salary at the same level as it has been since 2003 because the Committee decided that any increase in Mr. Fishman’s compensation should be in the form of performance-based compensation. During 2008, the Compensation Committee increased the salaries of Messrs. Marshall and McAdam by 4% and Mr. Roche by 7.8% in order to maintain their salaries within the range of comparable salaries in the 2007 Peer Group survey. In December 2007, Mr. McDonough announced his intention to retire during 2008, so the Compensation Committee did not change Mr. McDonough’s salary rate in 2008.
 
Due to widespread economic uncertainty in the United States, and to reduce our payroll expenses, management froze employee salaries at 2008 levels and postponed annual salary increases which would normally take effect in early 2009 until business conditions improve. Certain employees may receive promotional raises in fiscal 2009 in recognition of increased responsibilities, but none of our Named Executive Officers has received such an increase.
 
This excerpt taken from the ADI DEF 14A filed Feb 6, 2008.
Base Salary
 
Annual base salary levels are based on an evaluation of activity for which an executive has responsibility, the impact of that activity on our overall performance, the skills, experience and performance of the executive, the potential for growth and development of the executive, and a comparison of these elements with similar elements for other executives within the Company.
 
The Compensation Committee also reviewed, for each executive, the 50th percentile salary range for individuals in comparable positions based on the Peer Group survey prepared by PMP.


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The salaries for all of the Company’s Named Executive Officers in 2007 are shown in the Summary Compensation Table that follows this Compensation Discussion and Analysis. The Committee maintained the salary of Mr. Fishman at the same level as it had been since 2003 because the Committee determined that his base salary was above the range of comparable salaries at the 50th percentile in the Peer Group and because the Committee believed it appropriate to provide any increase in the form of performance-based compensation. The salaries of Messrs. McDonough, Marshall, McAdam and Roche were increased in February 2007 by 5% to 6%, maintaining their salaries within the range of comparable salaries at the 50th percentile in the Peer Group survey.
 
This excerpt taken from the ADI DEF 14A filed Feb 7, 2007.
Base Salary
 
In setting the annual base salaries for our executives for fiscal 2006, the Compensation Committee reviewed compensation for comparable positions in a group of six peer companies selected by the Compensation Committee in the semiconductor industry. We also regularly compare our pay practices with other leading companies through reviews of survey data and information gleaned from the public disclosure filings of publicly traded companies.
 
Annual base salary levels are based on an evaluation of the performance of the operation or activity for which an executive has responsibility, the impact of that operation or activity on our overall performance, the skills and experience of the executive, the potential for growth and development of the executive, and a comparison of these elements with similar elements for other executives both within and outside the Company.
 
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