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AUTH » Topics » Summary Compensation Table

This excerpt taken from the AUTH DEF 14A filed Apr 7, 2008.

Summary Compensation Table

The following table summarizes the compensation paid during 2006 and 2007 to our Chief Executive Officer, Chief Financial Officer and to our other three most highly compensated executive officers whose total annual salary and bonus exceeded $100,000, for services rendered in all capacities to us during 2007. We refer to these officers as our named executive officers.

 

Name and Principal Position

    Year    Salary    Option
Awards(1)		    Non-Equity
Incentive Plan
Compensation (2)		    All Other
Compensation(3)		    Total

F. Scott Moody,

Chairman of the Board and Chief Executive Officer

    2007    279,508    131,930    185,000    2,288    598,726
   2006    235,962    64,196    52,500    1,943    354,601

Gary R. Larsen,

Chief Financial Officer (4)

    2007    190,000    114,952    50,229    84,849    440,030
   2006    9,865    —      —      48    9,914

Lawrence J. Ciaccia, Jr.

President

    2007    207,250    12,129    82,184    652    302,215
   2006    193,398    —      28,993    599    222,990

Peter E. Sherlock,

Vice President – Product Development

    2007    188,115    73,235    49,731    578    311,659
   2006    180,815    —      20,318    542    201,675

Frederick Jorgenson,

Vice President – General Counsel (5)

    2007    175,000    87,958    46,264    63,904    373,126
   2006    20,192    7,627    —      110,755    138,574

 

(1) The value of option awards granted to our named executive officers has been estimated pursuant to SFAS 123(R) for the applicable fiscal year and the amount shown reflects the related compensation expense recorded in such fiscal year. Our executive officers will not realize the estimated value of these awards in cash until these awards are vested and exercised or sold. For more information regarding our valuation of option awards, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies – Stock-based compensation.” in our annual report on Form 10-K filed with the SEC on February 29, 2008.
(2) A description of the Non-Equity Incentive Plan Compensation can be found above under the heading “Discretionary Annual Bonus” above.
(3) Reflects group life insurance premiums paid by us on behalf of the executives. Mr. Larsen and Mr. Jorgenson also received compensation for relocation expenses.
(4) Mr. Larsen became our Chief Financial Officer in December 2006.
(5) Mr. Jorgenson became VP – General Counsel in November 2006.

 

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