MOLX » Topics » Compensation of Employee Directors

This excerpt taken from the MOLX DEF 14A filed Sep 10, 2009.
Compensation of Employee Directors
 
Frederick A. Krehbiel, Fred L. Krehbiel, and John H. Krehbiel, Jr. are members of the Board and are also employees. During FY09, they were paid and/or earned the following amounts:
 
                                 
                All Other
       
                Compensation
       
Name
  Salary($)     Bonus($)     ($)(1)     Total($)  
 
Frederick A. Krehbiel
  $ 412,500     $ -     $ 122,013     $ 534,513  
Fred L. Krehbiel
    217,135       -       24,656       241,791  
John H. Krehbiel, Jr.
    412,500       -       188,543       601,043  
 
(1) The amounts shown reflect contributions by us to qualified and nonqualified benefit plans, perquisites, executive life insurance premiums, tax gross-ups and the amounts accrued pursuant to the arrangements involving future compensation for Frederick A. Krehbiel and John H. Krehbiel, Jr.
 
On September 2, 2008 and April 24, 2009, Fred L. Krehbiel was granted 1,000 and 6,000 shares of restricted stock, respectively. On August 15, 2008 and April 24, 2009, he received stock options to purchase 15,000 and 18,000 shares of Class A Common Stock, respectively. The stock options vest ratably over four years commencing on the first anniversary of the grant date; the August 15, 2008 grant expires five years following the grant date and the April 24, 2009 grant expires ten years following the grant date. There were no equity grants to Frederick A. Krehbiel or John H. Krehbiel, Jr., during FY09. Frederick A. Krehbiel, Fred L. Krehbiel and John H. Krehbiel, Jr., are all eligible to participate in our compensation, benefit and health and welfare plans generally to the same extent as all other Molex employees.


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This excerpt taken from the MOLX DEF 14A filed Sep 12, 2008.
Compensation of Employee Directors
 
Frederick A. Krehbiel, Fred L. Krehbiel, and John H. Krehbiel, Jr. are members of the Board and are also employed by us. During FY08, they were paid and/or earned the following amounts:
 
                                 
                All Other
       
                Compensation
       
Name
  Salary($)     Bonus($)     ($)(1)     Total($)  
 
Frederick A. Krehbiel
    450,000       -       180,242       630,242  
Fred L. Krehbiel
    221,273       -       38,700       259,973  
John H. Krehbiel, Jr. 
    450,000       -       264,179       714,179  
 
(1) These amounts are comprised of amounts contributed by us to qualified and non-qualified benefit plans, perquisites, executive life insurance premiums, tax gross-ups and the amounts accrued pursuant to the arrangements involving future compensation for Frederick A. Krehbiel and John H. Krehbiel, Jr.


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On August 15, 2007, Fred L. Krehbiel was granted a stock option to purchase 15,000 shares of Molex Class A Common Stock. The stock option vests ratably over four years commencing on the first anniversary of the grant date, and expires five years following the grant date. Frederick A. Krehbiel and John H. Krehbiel, Jr. did not receive equity grants during FY08. Messrs. Krehbiel are eligible to participate in our compensation, benefit and health and welfare plans generally to the same extent as all other Molex employees.
 

Compensation of Employee Directors

Frederick A. Krehbiel, Fred L. Krehbiel, and John H. Krehbiel, Jr. are members of the Board and are also employed by us. During fiscal year 2007, they were paid and/or earned the following amounts:

 

Name and Title

   Salary($)    Bonus($)(1)    All Other
Compensation($)(2)
   Total($)

Frederick A. Krehbiel

   450,000    -    105,320    555,320

Fred L. Krehbiel

   214,070    -    43,606    257,676

John H. Krehbiel, Jr.

   450,000    -    123,183    573,183

 

(1) Since Molex’s operating performance bonus thresholds were not met in fiscal year 2007, Messrs. Krehbiel did not receive a cash merit bonus.

 

(2) These amounts are comprised of amounts contributed by us to qualified and non-qualified benefit plans, perquisites, executive life insurance premiums and tax gross-ups.

On August 15, 2006, each was granted a stock option to purchase shares of Molex Class A Common Stock at an exercise price of $29.79 as follows: Frederick A. Krehbiel, 100,000; Fred L. Krehbiel, 10,000; and John H. Krehbiel, Jr., 100,000. The stock options vest ratably over four years commencing on the first anniversary of the grant date, and expire five years following the grant date. Messrs. Krehbiel are eligible to participate in our compensation, benefit and health and welfare plans generally to the same extent as all other Molex employees.

 

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