KFT » Topics » Mr. Firestone

This excerpt taken from the KFT DEF 14A filed Mar 31, 2009.

Mr. Firestone

Base Salary Increase. In 2008, the Committee approved a base salary increase for Mr. Firestone. The increase was primarily to recognize his contributions in 2007 and also position his salary closer to the size-adjusted median of the Compensation Survey Group. His salary is below the size-adjusted median of the Compensation Survey Group.

Actual Annual Incentive. Mr. Firestone’s individual performance guidelines were primarily related to his leadership impact on successfully managing ongoing litigation efforts.

Stock Awards. As part of the annual stock award program in 2008, Mr. Firestone was granted an equity award of 14,420 restricted stock shares and 57,680 stock options. His award is below the size-adjusted median for his position.

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