GM » Topics » 2007 All Other Compensation Table

This excerpt taken from the GM 10-K filed Mar 5, 2009.

2008 All Other Compensation Table

Totals for amounts reported as All Other Compensation in the preceding Summary Compensation Table are described below:

 

    G. R. Wagoner, Jr.   F. A. Henderson   R. G. Young   R. S. Osborne   C. P. Forster   N. S. Cyprus

Perquisites & Other Personal Benefits (1)

  455,315   163,285   23,127   21,478   15,580   14,013

Tax Reimbursements (2)

  8,714   9,263   6,561   7,232   15,354   11,271

Employer Contributions to Savings Plans (3)

  73,330   58,334   27,332   42,029   0   33,579

Life Insurance and Death Benefits (4)

  158,299   23,736   5,760   8,280   122,192   9,288

Dividend Equivalents

  134,855   87,992   29,233   24,269   22,785   7,082

Relocation Payments & Allowances (5)

  0   0   0   0   23,572   100,000

Other Benefits (6)

  6,190   6,100   990   440   0   36,440
                       

Total All Other Compensation

  836,703   348,710   93,003   103,728   199,483   211,673
                       

 

(1) See Personal Benefits table below for additional information.

 

(2) Includes payments we made on the executives’ behalf for the payment of taxes related to executive program vehicles, relocation and moving expenses, and spousal accompaniment on business travel.

 

(3)

Includes employer contributions to tax-qualified and non-qualified savings and excess benefit plans. For Messrs. Osborne and Cyprus, amounts also include tax-qualified retirement plan contributions and post-retirement healthcare contributions; the

 

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GENERAL MOTORS CORPORATION AND SUBSIDIARIES

 

 

non-qualified retirement plan contributions are comprehended in the “2008 Pension Benefits” table. As a non-U.S. employee, Mr. Forster does not participate in these plans.

 

(4) Includes Supplemental Life Benefits Program which provides a cash benefit paid upon the death of an active executive at three times annual salary for executives appointed prior to January 1, 1989 and two times annual salary for executives appointed on January 1, 1989 or later. Coverage may be continued in retirement at 3 times annual salary and one times annual base salary, respectively. However, beginning May 1, 2009, current and future retirees eligible for a three times annual salary benefit in retirement will have the benefit reduced to 1.5 times annual salary. No income is imputed to the executive and the benefit is taxable as ordinary income to survivors when paid. The associated incremental cost reflects amounts contained in IRS Table 1 for insurance premiums at comparable coverage limits based on the executive’s age. The amount reflected for Mr. Wagoner represents our cost of providing a split dollar life insurance policy for him. The benefit includes only the stated face amount of the insurance coverage; however, policy assets are used after specified times to support the premium cost of continued coverage, and we receive a refund of the premiums from the proceeds of the policy upon death.

 

(5) The amount shown for Mr. Forster also includes a periodic adjustment for currency exchange fluctuation. The amount for Mr. Cyprus includes reimbursement of commuting expenses from his residence in New Jersey.

 

(6) Includes cost of premiums for providing personal umbrella liability insurance and Corporate matching contributions to colleges, universities, and community colleges. The Corporate matching contribution program was suspended effective October 1, 2008, as part of additional structural cost reduction measures. Amounts for each of these items did not exceed $10,000 for fiscal year 2008 and are therefore aggregated and reported here. For Mr. Cyprus, amount includes annual cash payments to compensate for foregone pension payments of $36,000 from his previous employer.
This excerpt taken from the GM DEF 14A filed Apr 25, 2008.

2007 All Other Compensation Table

      Totals for amounts reported as “All Other Compensation” in the preceding “Summary Compensation Table” are described below:

    G. R. Wagoner, Jr.

  F. A. Henderson

  R. A. Lutz

  G. L. Cowger

  T. G. Stephens

Perquisites & Other Personal Benefits (1)     230,688               203,274               243,740               18,645               16,160  
Life Insurance and Death Benefits (2)     185,472               13,230               76,632               21,156               19,221  
Dividend Equivalents     217,960               113,111               120,000               43,480               51,750  
Relocation Payments & Allowances (3)                   214,905                                            
Tax Reimbursements (4)     13,049               224,230               10,662               9,455               7,970  
Employer Contributions to Savings Plans (5)     43,999               30,998               59,372               18,000               16,958  
Other Benefits (6)     6,190               6,100               6,100               3,940               440  
     
             
             
             
             
 
Total All Other Compensation     697,358               805,848               516,506               114,676               112,499  
     
             
             
             
             
 

(1) See the following “Personal Benefits” table for additional information.

(2) Includes Supplemental Life Benefits Program coverage which provides a cash benefit paid upon the death of an active executive at three times annual salary for executives appointed prior to January 1, 1989, and two times annual salary for executives appointed on January 1, 1989 or later. Coverage may be continued in retirement at

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three times annual salary and one times annual base salary, respectively. No income is imputed to the executive, and the benefit is taxable as ordinary income to survivors when paid. The associated incremental cost reflects amounts contained in U.S. Internal Revenue Service (“IRS”) Table 1 for insurance premiums at comparable coverage limits based on the executive’s age. Also includes costs to the Corporation in providing a split-dollar life insurance policy for Mr. Wagoner. This benefit includes only the stated face amount of the insurance coverage; however, policy assets are used after specified times to support the premium cost of continued coverage, and the Corporation receives a refund of its premiums from the proceeds of the policy upon the executive’s death.

(3) Includes allowance for temporary living expenses and reimbursement for relocation expenses incurred by Mr. Henderson in moving his household to Michigan.

(4) Includes payments made on the executives’ behalf by the Corporation for the payment of taxes related to executive program vehicles, relocation and moving expenses, and spousal accompaniment on business travel. Although the Corporation reports imputed income for income tax purposes for Named Executive Officers for the value of any personal aircraft use based on the Standard Industry Fair Level in accordance with the IRC and Treasury Regulations, no tax reimbursement is provided for these amounts.

(5) Includes employer contributions to tax-qualified and non-qualified savings and excess benefit plans. For Mr. Lutz, amounts also include post-retirement health care contributions and tax-qualified retirement plan contributions; the non-qualified retirement plan contributions are comprehended in the “2007 Pension Benefits” table on page 45.

(6) Includes cost of premiums for providing personal umbrella liability insurance and corporate matching contributions to colleges, universities, and community colleges. Amounts for each of these items did not exceed $10,000 for fiscal year 2007 and are therefore aggregated and reported here.

This excerpt taken from the GM DEF 14A filed Apr 27, 2007.

2006 All Other Compensation Table

      Totals for amounts reported as All Other Compensation in the preceding Summary Compensation Table are described below:

    G. R. Wagoner, Jr.

  F. A. Henderson

  R. A. Lutz

  T. A. Gottschalk

  G. L. Cowger

  J. M. Devine

Personal Benefits (1)     361,058               247,281               269,332               420,225               19,868               207,026  
Life Insurance and Death Benefits (2)     247,907               13,230               76,632               28,512               21,156               299,615  
Dividend Equivalents     146,710               91,984               75,000               40,000               9,730               170,200  
Foreign Service Related Income                   55,967                                                          
Other Benefits (3)     13,891               15,120               24,715               15,825               10,294               5,318  
     
             
             
             
             
             
 
Total All Other Compensation     769,566               423,582               445,679               504,562               61,048               682,159  
     
             
             
             
             
             
 

(1) See the following Personal Benefits table for additional information.

(2) Includes Supplemental Life Benefits Program which provides a cash benefit paid upon the death of an active executive at three times annual salary for executives appointed prior to January 1, 1989, and two times annual salary for executives appointed on January 1, 1989 or later. Coverage may be continued in retirement at three times annual salary and one times annual base salary, respectively. No income is imputed to the executive, and the benefit is taxable as ordinary income to survivors when paid. The associated incremental cost reflects amounts contained in IRS Table 1 for insurance premiums at comparable coverage limits based on the executive’s age. Also includes costs to the Corporation in providing split-dollar life insurance policies for Messrs. Wagoner and Devine. The benefit includes only the stated face amount of the insurance coverage; however, policy assets are used after specified times to support the premium cost of continued coverage, and the Corporation receives a refund of its premiums from the proceeds of the policy upon the executive’s death.

(3) Includes (A) employer contributions to tax-qualified and non-qualified defined contribution and excess benefit plans; (B) cost of premiums for providing Personal Umbrella Liability Insurance; (C) corporate matching contributions to colleges, universities, and community colleges; and (D) payments made on the executives’ behalf by the Corporation for the payment of taxes related to executive program vehicles, foreign service

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income, and spousal accompaniment on business travel. Amounts for each of these items did not exceed $10,000 for fiscal year 2006 and are therefore aggregated and reported here.

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