This excerpt taken from the LII DEF 14A filed Apr 15, 2008.
2007 A Year of Transition
A number of significant non-recurring events relating to our NEOs occurred during 2007:
In addition, during 2007, the Committee modified several executive compensation policies and programs to further focus executive compensation on company-specific and individual performance and drive the achievement of our short-term and long-term company objectives. Specifically, the Committee:
The remainder of our CD&A is intended to provide perspective on the data included in the compensation tables and narrative information that accompanies them.