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This excerpt taken from the DKS DEF 14A filed Apr 20, 2009. Understanding
Our Director Compensation Table.
Beginning in fiscal 2001, non-employee directors were
compensated by means of an annual retainer of $20,000 plus
$7,500 per meeting ($3,750 for teleconferences) both paid in
cash. In addition to the annual retainer, each committee chair
receives $15,000 per committee chairmanship per year, except
that the audit committee chair
Table of Contents
receives an annual retainer of $25,000. Each committee member
also receives a per committee meeting fee of $1,500 ($750 for
teleconferences). There are generally six (6) Board
meetings per year.
Currently, each director receives an initial option grant
exercisable for 20,000 shares of common stock upon his or
her first election to the Board. Historically, we have provided
each director with an additional annual option grant exercisable
for 10,000 shares for each year of service thereafter,
which vest over a four (4) year period from the date of
grant. Beginning with the annual grants made in fiscal 2008, the
Company introduced the inclusion of annual grants of restricted
stock in amounts determined by the Company’s Compensation
Committee, but retained the flexibility to also make stock
option award grants when needed, as determined by the
Compensation Committee. The shares of restricted stock are
subject to a three-year cliff vest. Additionally, members of our
Board of Directors are reimbursed for their expenses incurred in
connection with attending any meeting.
This excerpt taken from the DKS DEF 14A filed May 7, 2008. Understanding
Our Director Compensation Table.
Beginning in fiscal 2001, non-employee directors were
compensated by means of an annual retainer of $20,000 plus
$7,500 per meeting ($3,750 for teleconferences) both paid in
cash. In addition to the annual retainer, each committee chair
receives $15,000 per committee chairmanship per year, except
that the audit committee chair receives an annual retainer of
$25,000. Each committee member also receives a per committee
meeting fee of $1,500 ($750 for teleconferences). There are
generally six (6) Board meetings per year.
Currently, each director receives an initial option grant
exercisable for 20,000 shares of common stock upon his
first election to the Board, with an additional annual option
grant exercisable for 10,000 shares for each year of
service thereafter. In each case, these options vest over four
(4) years from the date of grant. Additionally, members of
our Board of Directors are reimbursed for their expenses
incurred in connection with attending any meeting. Beginning
with the annual grants made in fiscal 2008, each director
receives shares of restricted stock rather than option awards,
in an amount determined by the Company’s Compensation
Committee. The shares of restricted stock are subject to a
three-year cliff vest.
This excerpt taken from the DKS DEF 14A filed May 3, 2007. Understanding
Our Director Compensation Table.
Beginning in fiscal 2001, non-employee directors were
compensated by means of an annual retainer of $20,000 plus
$7,500 per meeting ($3,750 for teleconferences) both paid
in cash. In addition to the annual retainer and per meeting fees
(Board and committee per meeting fee is reduced if attended by
teleconference), each committee chair receives $15,000 per
committee chairmanship per year, except that the audit committee
chair receives an annual retainer of $25,000. Each committee
member also receives a per committee meeting fee of $1,500 ($750
for teleconferences). There are generally six (6) Board
meetings per year. Prior to fiscal 2001, non-employee directors
received no cash compensation. Instead, directors typically
received an initial stock option grant of 46,200 shares and
annual stock option grants thereafter of 23,100 shares.
Currently, each director receives an initial option grant
exercisable for 20,000 shares of common stock upon his
first election to the Board, with an additional annual option
grant exercisable for 10,000 shares for each year of
service thereafter. In accordance with our practice, each of
Messrs. Fuente, Chirico, Rossi and Schorr received option
grants exercisable for 10,000 shares of the Company’s
common stock at an exercise price of $56.46 as part of their
annual stock option grant made in fiscal 2007. In each case
these options vest over four (4) years from the date of
grant. Additionally, members of our Board of Directors are
reimbursed for their expenses incurred in connection with
attending any meeting.
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