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EWBC » Topics » 2008 Director Compensation Table

This excerpt taken from the EWBC DEF 14A filed Apr 30, 2009.

2008 Director Compensation Table

Name
(a)
  Fees Earned or
Paid in Cash ($)
(b) 		  Stock Awards
($)(2)
(c) 		  Option Awards
($)(3)
(d) 		  All Other Compensation
($)
(g) 		  Total ($)
(h) 		 

Peggy Cherng

   $ 17,006   $ 62,438   $ 0   $ 0   $ 79,444  

Rudolph I. Estrada(1)

     15,006     62,438     21,734     60,000     159,178  

Andrew S. Kane

     14,006     36,872     0     0     50,878  

John Lee

     20,006     58,524     0     0     78,530  

Herman Y. Li

     34,006     62,438     0     0     96,444  

Jack C. Liu

     23,006     62,438     0     0     85,444  

Keith W. Renken

     30,006     62,438     0     0     92,444  
(1)
The amount shown under Column (g) as All Other Compensation for Mr. Estrada represents consulting fees paid during the year.

(2)
This amount reflects the dollar amount recognized for financial statement reporting purposes for the fiscal year ended December 31, 2008 in accordance with Statement of Financial Accounting Standards No. 123R Share-based Payment (FAS 123R). This amount consists of restricted stock awards granted in and prior to 2008 and also stock received in lieu of the annual cash retainer. As of December 31, 2008, each director had the following restricted stock awards outstanding: Peggy Cherng, 5,056 shares; Rudolph I. Estrada, 5,056 shares; Andrew S. Kane, 3,358 shares; John Lee, 5,056 shares; Herman Y. Li, 5,056 shares; Jack C. Liu, 5,056 shares; and Keith W. Renken, 5,056 shares.

(3)
This amount reflects the dollar amount recognized for financial statement reporting purposes for the fiscal year ended December 31, 2008 in accordance with FAS 123R. This amount consists of stock option awards granted in 2005 as no stock options were awarded to directors since 2005. As of December 31, 2008, the following directors had the following stock option awards outstanding: Peggy Cherng, 20,000 options; Rudolph I. Estrada, 10,000 options; Herman Y. Li, 20,000 options; Jack C. Liu, 17,000 options; and Keith W. Renken, 40,000 options.

14


 COMPENSATION DISCUSSION AND ANALYSIS

        This Compensation Discussion and Analysis ("CD&A") describes the objectives, processes and procedures of the Board of Directors and Compensation Committee with respect to the compensation earned by our Chief Executive Officer, Chief Financial Officer and our three other most highly compensated executive officers, as named in the "Summary Compensation Table" below. We refer to all of these officers as "Named Executives." Although the compensation programs discussed below are applicable to the Named Executives and other executives of the Company, this CD&A focuses primarily on the Named Executives.

This excerpt taken from the EWBC DEF 14A filed Apr 23, 2008.

2007 Director Compensation Table

Name
(a)
   Fees Earned or Paid in Cash ($)
(b)
   Stock Awards ($)(3)
(c)
   Option Awards ($)(4)
(d)
   All Other Compensation ($)
(g)
   Total ($)
(h)
Peggy Cherng(1)   $ 17,012   $ 55,583   $ —   $ —   $ 72,595
Rudolph I. Estrada(1)(2)     18,012     52,058     21,682     60,000     151,752
Andrew S. Kane     2,012     —     —     —     2,012
John Lee(1)     21,012     45,420     —     —     66,432
Herman Y. Li(1)     35,012     55,583     —     —     90,595
Jack C. Liu(1)     23,012     55,583     —     —     78,595
Keith W. Renken(1)     30,012     55,583     —     —     85,595
(1)
This non-employee director elected to receive his/her annual $25,000 cash retainer in the form of Common Stock, at a 25% risk premium (i.e., $31,250 of common stock). Each director is required to hold the stock for at least one year. The non-employee directors received the stock in lieu of the cash retainer on July 24, 2007. Andrew S. Kane did not receive a cash retainer in 2007 as he was not elected a board member until after this date.

(2)
The amount shown under Column (g) as All Other Compensation for Mr. Estrada represents consulting fees paid during the year.

(3)
This amount reflects the dollar amount recognized for financial statement reporting purposes for the fiscal year ended December 31, 2007 in accordance with Statement of Financial Accounting Standards No. 123R Share-based Payment (FAS 123R). This amount may consist of restricted stock awards granted in and prior to 2007 and also stock received in lieu of the annual cash retainer. As of December 31, 2007, each director had the following restricted stock awards outstanding: Peggy Cherng, 2,285 shares; Rudolph I. Estrada, 2,285 shares; Andrew S. Kane, 0 shares; John Lee, 1,698 shares; Herman Y. Li, 2,285 shares; Jack C. Liu, 2,285 shares; and Keith W. Renken, 2,285 shares.

(4)
This amount reflects the dollar amount recognized for financial statement reporting purposes for the fiscal year ended December 31, 2007 in accordance with FAS 123R. This amount consists of stock option awards granted in 2005 as no stock options were awarded to directors since 2005. As of December 31, 2007, the following directors had the following stock option awards outstanding: Peggy Cherng, 20,000 options; Rudolph I. Estrada, 10,000 options; Herman Y. Li, 20,000 options; Jack C. Liu, 17,000 options; and Keith W. Renken, 40,000 options.

16


COMPENSATION DISCUSSION AND ANALYSIS

        This Compensation Discussion and Analysis ("CD&A") describes the objectives, processes and procedures of the Board of Directors and Compensation Committee with respect to the compensation earned by our Chief Executive Officer, Chief Financial Officer and our three other most highly compensated executive officers, as named in the "Summary Compensation Table" below. We refer to all of these officers as "Named Executives." Although the compensation programs discussed below are applicable to the Named Executives and other executives of the Company, this CD&A focuses primarily on the Named Executives.

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 30, 2009
DEF 14A
Apr 23, 2008

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"2008 Director Compensation Table" elsewhere:

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