CHCO » Topics » SUMMARY COMPENSATION TABLE

This excerpt taken from the CHCO DEF 14A filed Mar 18, 2005.

SUMMARY COMPENSATION TABLE

 

          Annual Compensation

  

Long Term

Compensation

Awards


    

Name and Principal Position


  

Fiscal

Year


   Salary ($)

   Bonus ($)(1)

  

Securities

Underlying

Options (#)


  

All Other

Compensation ($)(2)


Gerald R. Francis (3)

President, Chief Executive Officer and Director

   2004
2003
2002
   420,000
400,000
400,000
   659,400
680,000
581,000
   50,000
50,000
100,000
   20,384
18,642
18,239

Charles R. Hageboeck

Executive Vice President and Chief Financial Officer

   2004
2003
2002
   231,000
220,000
220,000
   181,335
187,000
160,500
   10,000
10,000
20,000
   7,040
6,540
6,063

William L. Butcher (4)

Executive Vice President, Retail Banking

   2004
2003
2002
   210,000
200,000
200,000
   164,850
170,000
146,000
   10,000
10,000
20,000
   6,790
6,486
6,003

Craig G. Stilwell

Executive Vice President, Director of Human Resources & Marketing

   2004
2003
2002
   184,000
175,000
175,000
   144,440
148,750
127,875
   10,000
10,000
20,000
   6,170
5,886
5,973

John S. Loeber (5)

Executive Vice President, Commercial Banking and Chief Credit Officer

   2004
2003
2002
   112,783
200,000
200,000
   0
170,000
171,000
   10,000
10,000
20,000
   73,402
8,322
8,002

John A. DeRito (6)

Executive Vice President, Commercial Banking

   2004    75,000    77,108    10,000    2,783

 

(1) Bonus amounts paid for 2004, 2003 and 2002 were determined based upon the Company’s profitability for the year.

 

(2) “All Other Compensation” for 2004 consisted of the following: (i) the Company’s matching contribution under the City Holding Company 401(k) Plan & Trust in the amount of $6,500 each for Messrs. Francis and Hageboeck, $6,250 for Mr. Butcher, $5,439 for Mr. Stilwell and $2,297 for Mr. DeRito; and (ii) group term life insurance premium payments in the amount of $3,564 for Ms. Francis, $540 each for Messrs. Hageboeck and Butcher, $731 for Mr. Stilwell and $486 for Mr. DeRito; and (iii) an automobile allowance of $10,320 for Mr. Francis.

 

(3) Mr. Francis resigned as President and Chief Executive Officer effective February 1, 2005. Mr. Francis currently serves as non-executive Chairman of the Board.

 

(4) Mr. Butcher entered into a Joint Agreement of Separation with the Company on February 23, 2005.

 

-14-


(5) Mr. Loeber retired on July 15, 2004. 2004 salary reflects Mr. Loeber’s employment through that date. “All Other Compensation” for Mr. Loeber includes: (i) $67,833 in severance payments; (ii) group term life insurance payments in the amount of $ 2,185; and (iii) the Company’s matching amount under the City Holding Company 401(k) Plan & Trust in the amount of $3,384.

 

(6) 2004 salary reflects Mr. DeRito’s employment beginning in June 2004. Mr. DeRito’s 2004 bonus amount includes a signing bonus of $20,000 and a performance bonus of $57,108.

 

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