CRS » Topics » B. Incentive Compensation

This excerpt taken from the CRS 8-K filed Sep 7, 2007.

B. Incentive Compensation

The Committee set performance goals and opportunities for cash bonuses payable under the Executive Bonus Compensation Plan (EBCP) for the 2008 fiscal year. For fiscal year 2008, the Committee





established corporate performance goals for return on net assets (RONA), earnings per share (EPS) and individual performance objectives as the key measures for the EBCP for Ms. Stevens, Mr. Ralph, Mr. Christiansen and Mr. Simons. In addition to the RONA, EPS and individual performance goals, a portion of the EBCP award for Mr. Shor for fiscal year 2008 will be based upon achieving on-time delivery goals established for the business unit that he manages. The performance goals for fiscal 2008 were set using a performance range beginning at a threshold level, progressing to a target level and up to a maximum level. The following table sets forth the percentages of annual base salary that the Named Executive Officers could earn in fiscal year 2008 upon achievement of the performance goals within the established threshold, target and maximum performance ranges set under the EBCP:


Name and Position

Fiscal Year 2008 EBCP Threshold/
Target/Max. Percent of Base Salary

Anne L. Stevens

Chairman, President and

Chief Executive Officer



Michael L. Shor

Senior Vice President - Engineered

Products Operations




K. Douglas Ralph*

Senior Vice President - Finance and

Chief Financial Officer



David A. Christiansen

Vice President, General Counsel

and Secretary



Richard L. Simons

Vice President, Controller and

Chief Accounting Officer




*Mr. Ralph received an additional $50,000 bonus upon commencement of his employment.

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