BGC » Topics » Compensatory Arrangements for Certain Officers

This excerpt taken from the BGC 8-K filed Feb 6, 2008.

Compensatory Arrangements for Certain Officers


On February 5, 2008, the Compensation Committee of the Board of Directors approved salary adjustments to named executive officers as set forth in the table below.



Officer and Title

Salary Increase

$

Adjusted Base Salary

$(1)

Gregory B. Kenny

President and Chief Executive Officer

75,000

825,000

Brian J. Robinson (2)

Executive Vice President, Chief Financial Officer and Treasurer

60,000

315,000

Robert J. Siverd

Executive Vice President, General Counsel and Secretary

15,534

379,900


(1)

Adjustments to base salaries are effective January 1, 2008 for Mr. Kenny and Mr. Robinson, and March 1, 2008 for Mr. Siverd.  

(2)

Mr. Robinson’s salary increase accompanies a promotion from Senior Vice President to Executive Vice President as described on Exhibit 99.1, which is incorporated herein by reference.


This excerpt taken from the BGC 8-K filed Nov 15, 2007.

Compensatory Arrangements of Certain Officers.


On November 12, the Board of Directors of the Company approved amendments to the General Cable Corporation Deferred Compensation Plan (“DCP”) which amended and restated the DCP effective as of January 1, 2008.


The amendments were made to incorporate the requirements of Section 409A of the Internal Revenue Code of 1986 as amended by the American Jobs Creation Act of 2004 and include technical changes to effectuate the previous merger of the DCP with the Company's Supplemental Executive Retirement Plan and combination of the DCP with the Company's Subsidiaries Benefit Equalization Plan.  Generally the amendments satisfying the Section 409A requirements  relate to the timing of and conditions for deferral of compensation and distribution of benefits.



EXCERPTS ON THIS PAGE:

8-K
Feb 6, 2008
8-K
Nov 15, 2007

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