HPQ » Topics » Fiscal 2008 Non-Employee Director Compensation

This excerpt taken from the HPQ DEF 14A filed Jan 20, 2009.

Fiscal 2008 Non-Employee Director Compensation

        The following table provides information on compensation for non-employee directors who served during fiscal 2008:

Name
  Fees Earned or
Paid in Cash(1)
($)
  Stock Awards(2)
($)
  Option Awards(2)
($)
  All Other
Compensation(3)
($)
  Total
($)
 

Lawrence T. Babbio, Jr.

    111,333     44,598     116,115     294     272,340  

Sari M. Baldauf

    52,667     211,664         1,505     265,836  

Richard A. Hackborn

    175,748     160,712         1,169     337,629  

John H. Hammergren

    36,000     70,086     165,426     462     271,974  

Joel Z. Hyatt

    24,000     243,363         1,801     269,164  

John R. Joyce

    105,333     166,621         1,246     273,200  

Robert L. Ryan

    148,918     160,712         1,169     310,799  

Lucille S. Salhany

    133,333     116,114     44,594     6,533     300,574  

G. Kennedy Thompson

    22,000     178,176     70,071     1,330     271,577  

(1)
For purposes of determining director compensation, the term of office for directors begins in March and ends the following February, which does not coincide with HP's November through October fiscal year. Cash amounts included in the table above represent the portion of the annual retainers received or deferred in cash, committee chair fees, lead independent director fees and additional meeting fees earned with respect to service during HP's 2008 fiscal year. See "Additional Information about Fees Earned or Paid in Cash in Fiscal 2008" below.

(2)
The dollar amounts shown for stock awards and option awards represent the dollar amount of those awards recognized for financial statement reporting purposes with respect to fiscal 2008 in compliance with Statement of Financial Accounting Standards No. 123 (revised 2004) "Share-Based Payment" ("SFAS 123R") for stock options and restricted stock awards that vested in fiscal 2008. These amounts reflect HP's accounting expense for these awards and do not correspond to the actual value that may be realized by the directors with respect to these awards. For information on the assumptions used to calculate the value of the awards, refer to Note 2 to HP's consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended October 31, 2008, as filed with the SEC on December 18, 2008. In accordance with SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. See "Additional Information about Non-Employee Director Equity Awards" below.

(3)
Amounts in this column represent the dollar value of dividends paid on stock awards and the cost to HP of product donations made on behalf of non-employee directors as described above.

21


Table of Contents

This excerpt taken from the HPQ DEF 14A filed Jan 29, 2008.

Fiscal 2007 Non-Employee Director Compensation

        The following table provides information on compensation for non-employee directors who served during fiscal 2007:

Name

  Fees Earned or Paid in Cash(1)
($)

  Stock Awards(2)
($)

  Option Awards(2)
($)

  All Other Compensation(3)
($)

  Total
($)

Lawrence T. Babbio, Jr.   75,000   69,871   102,062   740   247,673
Sari M. Baldauf   49,333   78,502   93,149   580   221,564
Richard A. Hackborn   111,000   171,937     15,324   298,261
John H. Hammergren   13,000   3,015   197,810     213,825
Joel Z. Hyatt     63,481     292   63,773
John R. Joyce   22,917   47,620     219   70,756
Robert L. Ryan   83,000   171,937     17,139   272,076
Lucille S. Salhany   84,000   171,937     1,320   257,257
G. Kennedy Thompson   12,000   142,071     1,055   155,126

(1)
For purposes of determining director compensation, the term of office for directors begins in March and ends the following February, which does not coincide with HP's November through October fiscal year. Cash amounts included in the table above represent the portion of the annual retainers elected to be received in cash, committee chair fees, lead independent director

19


    fees and additional meeting fees earned with respect to service during HP's 2007 fiscal year. See "Additional Information About Fees Earned or Paid in Cash in Fiscal 2007" below.

(2)
The dollar amounts shown for stock awards and option awards represents the dollar amount of those awards recognized for financial statement reporting purposes with respect to fiscal 2007 in compliance with Statement of Financial Accounting Standards No. 123 (revised 2004) "Share-Based Payment" ("SFAS 123R") for stock options and restricted stock awards that vested in fiscal 2007. These amounts reflect HP's accounting expense for these awards and do not correspond to the actual value that may be recognized by the directors with respect to these awards. For information on the assumptions used to calculate the value of the awards, refer to Note 2 to HP's consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended October 31, 2007, as filed with the SEC on December 18, 2007. In accordance with SEC rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. See "Additional Information About Non-Employee Director Equity Awards" below.

(3)
Amounts in this column represent the dollar value of dividends paid on stock awards and the cost to HP of product donations made on behalf of non-employee directors pursuant to the product matching portion of the HP Employee Giving Program.
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki