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This excerpt taken from the HAS DEF 14A filed Apr 16, 2007. Primary
Elements of 2006 Executive Compensation
Executive compensation for fiscal year 2006 was composed of four
primary elements:
The Company uses these four elements in the combination it
believes appropriately divides the compensation of its
executives among fixed and variable components. Some variable
compensation is tied to achievement of yearly financial
objectives. Other compensation, such as option grants vesting
over multiple years and performance share awards with multi-year
performance periods, are tied to the achievement of longer-term
financial goals and the creation of longer-term shareholder
value. In general the Company seeks to have a total compensation
package for its executive officers that is between the
50th and
75th percentiles
of compensation at comparable benchmarked companies, while at
the same time having this overall compensation package
significantly comprised of variable performance-based elements.
The Company believes this fosters a performance-driven mentality
and best serves the interests of the Company and its
stakeholders since the compensation of the Company’s
executives is significantly dependent upon achievement of the
Company’s financial goals and the creation of shareholder
value. Each of these compensation elements is described in
detail below.
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