Annual Reports

  • 10-K (Apr 16, 2014)
  • 10-K (Mar 6, 2014)
  • 10-K (Mar 1, 2013)
  • 10-K (Jun 21, 2012)
  • 10-K (Mar 14, 2012)
  • 10-K (Mar 1, 2012)

 
Quarterly Reports

 
8-K

 
Other

SUNEDISON, INC. 10-K 2009
Summary of Compensation Arrangements for Certain Named Executive Officers

Exhibit 10.39

Summary of Compensation Arrangements for Certain Named Executive Officers

Set forth below is a summary of the compensation paid by MEMC Electronic Materials, Inc. (the “Company”) to the executive officers to be named in the Company’s 2009 annual proxy statement who are not covered by current employment agreements, as of the date of filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 (the “Form 10-K”) and are continuing as an executive officer of the Company in 2009. Each of these executive officers is an employee at will whose compensation and employment status may be changed at any time in the discretion of the Company’s Board of Directors.

Base Salaries. These executive officers receive base salaries in the amounts indicated below:

 

Name and Position

   2009 Base Salary
Amount

Mignon Cabrera, Senior Vice President, Human Resources

   $ 244,000

Michael Cheles, Vice President, Information Technology and CIO

   $ 237,000

Kenneth H. Hannah, Senior Vice President and Chief Financial Officer

   $ 441,000

John A. Kauffmann, Senior Vice President, Sales and Marketing

   $ 340,000

Bradley D. Kohn, Vice President, General Counsel and Corporate Secretary

   $ 273,000

Shaker Sadasivam, Senior Vice President, Research and Development

   $ 348,000

The Compensation Committee adjusts these base salaries from time to time as the Committee deems appropriate, generally annually each year in January. In January 2009, however, the Committee decided that in light of the current worldwide economic climate in January 2009 and limited visibility of future Company performance for 2009 due to this climate, no increase in the executive officers’ base salaries would be made at that time.

Incentive Awards. These executive officers are also eligible to participate in the Company’s incentive compensation plans as provided in the terms of such plans, including the Company’s short term incentive awards plan (which provides for cash incentive awards) and the Company’s long-term incentive awards plan (e.g., the Company’s 2001 Equity Incentive Plan). Such plans, and any forms of awards thereunder providing for material terms, are included as exhibits to the Form 10-K as appropriate.

Pension Plan. These executive officers are also eligible to participate in the Company Pension Plan on the same terms as the Company’s other covered employees. Because they commenced employment after December 31, 2001, Ms. Cabrera, Mr. Cheles, Mr. Hannah and Mr. Kohn are not covered by the MEMC Pension Plan.

Relocation Payments. From time to time the Company makes payments to executive officers to cover relocation expenses.

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