GMCR » Topics » Perquisites

This excerpt taken from the GMCR DEF 14A filed Jan 26, 2009.

Perquisites

In fiscal 2008, the Company offered no perquisites to its named executive officers that are not generally available to all employees. The same was true in fiscal 2007, with the exception of reimbursement of relocation expenses paid to Mr. Blanford pursuant to his employment agreement.

This excerpt taken from the GMCR DEF 14A filed Jan 28, 2008.

Perquisites

The Company offers no perquisites to its named executive officers that are not generally available to all employees, with the exception of the reimbursement of relocation expenses paid to Mr. Blanford pursuant to his employment agreement. Mr. Blanford’s employment agreement entitles him to reimbursement for reasonable relocation expenses and taxes payable on his relocation expense payment. In fiscal 2007, the Company reimbursed Mr. Blanford $64,429 in relocation expenses and $46,656 as a tax gross-up for the relocation expense.

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