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NDAQ » Topics » (iii) Increases in Cash Compensation for Other Named Executive Officers

This excerpt taken from the NDAQ 8-K filed Dec 19, 2006.

(iii) Increases in Cash Compensation for Other Named Executive Officers

On December 13, 2006, Nasdaq’s board of directors approved increases in base salary and targeted bonus opportunity for seven executive officers, including all named executive officers, except our President and CEO. These cash compensation increases will take effect in 2007. Executive officers may receive a higher or lower bonus payment than their targeted bonus opportunity, depending upon their achievement of performance measures to be set by the board of directors in early 2007.

The following table shows the compensation increases for all of the named executive officers other than the President and CEO:

 

Name and Principal Position

    Base Salary    Targeted Bonus
Opportunity		    Total Cash Compensation at
Targeted Bonus Opportunity
      2006    2007    2006    2007    2006    2007

David Warren,

Executive Vice President and Chief Financial Officer

    $ 400,000    $ 425,000    $ 400,000    $ 500,000    $ 800,000    $ 925,000

Edward Knight,

Executive Vice President and General Counsel

    $ 418,000    $ 425,000    $ 418,000    $ 500,000    $ 836,000    $ 925,000

Christopher Concannon,

Executive Vice President

    $ 325,000    $ 375,000    $ 400,000    $ 500,000    $ 725,000    $ 875,000

Adena Friedman,

Executive Vice President

    $ 325,000    $ 375,000    $ 400,000    $ 500,000    $ 725,000    $ 875,000

 

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