DLM » Topics » What were the fiscal 2009 AIP Payments for the named executive officers?

This excerpt taken from the DLM DEF 14A filed Aug 19, 2009.
What were the fiscal 2009 AIP Payments for the named executive officers?
 
The Compensation Committee determined the payout of awards under the AIP with respect to fiscal 2009. Based on weighting of the corporate and individual objective scores, the named executive officers received overall AIP scores and awards for fiscal 2009 as set forth below. For Mr. Wolford, the actual award as a percentage of base salary also reflects the impact of the $2 million maximum payment per participant under the Annual Incentive Program. If Mr. Wolford’s AIP payment for fiscal 2009 had been based solely on his overall incentive plan score, his target award as a percentage of base salary, and his base salary, his AIP payment for fiscal 2009 would have been $2,257,438 and his award as a percentage of base salary would have been 209.02%.
 
                         
        Target Award
  Actual Award
    Overall Annual
  as a
  as a
    Incentive
  Percentage of
  Percentage of
Name
 
Program Score
 
Base Salary
 
Base Salary
 
                         
Richard G. Wolford
    190.02 %     110.00 %     185.19 % (1)
                         
Nils Lommerin
    188.63 %     80.00 %     150.90 %
                         
David L. Meyers
    188.74 %     70.00 %     132.12 %
                         
Timothy A. Cole
    189.12 %     70.00 %     132.38 %
                         
David W. Allen
    182.64 %     62.50 %     114.15 %
 
 
(1) For Mr. Wolford, the Actual Award as a Percentage of Base Salary is not equal to the Overall Annual Incentive Program Score multiplied by the Target Award as a Percentage of Base Salary due to the application of the $2 million maximum payment to any individual participant under the Annual Incentive Program.
 
The dollar amounts of the actual AIP awards to the named executive officers for fiscal 2009 are reported in the Non-Equity Incentive Plan Compensation column in the Summary Compensation Table.


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