Send us Feedback

Nike (NKE)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

NKE » Topics » Plan Benefits

This excerpt taken from the NKE DEF 14A filed Aug 3, 2007.

Plan Benefits

In June 2007, the Committee made target awards under the Plan which are summarized in the following table. The Performance Period for these target awards is the three-year period consisting of our 2008-2010 fiscal years. Since the Plan was adopted in 1997, similar target awards have been made for the three-year Performance Periods commencing each year. The payout for the fiscal 2005-2007 Performance Period was 150% of target. The actual compensation received by the Named Executive Officers under the Plan for fiscal 2005-2007 is shown in footnote 3 to the “Non-Equity Incentive Plan Compensation” column in the Summary Compensation Table. The actual compensation received by all current executive officers (including the Named Executive Officers) as a group under the Plan for fiscal 2005-2007 was $7.7 million. The actual compensation received by all other employees as a group under the Plan for fiscal 2005-2007 was $17.3 million.

 

    

Long-Term Incentive Plan (1)

Dollar Value ($)

Name and Position

    Threshold    Target    Maximum

Mark G. Parker

Chief Executive Officer and President

    $ 750,000    $ 1,500,000    $ 3,000,000

Donald W. Blair

Vice President and Chief Financial Officer

    $ 150,000    $ 300,000    $ 600,000

Charles D. Denson

President of the NIKE Brand

    $ 500,000    $ 1,000,000    $ 2,000,000

Gary M. DeStefano

President, Global Operations

    $ 150,000    $ 300,000    $ 600,000

Lindsay D. Stewart

Vice President and Chief of Staff

    $ 150,000    $ 300,000    $ 600,000

Executive Officer Group (includes above 5 officers)

    $ 3,775,000    $ 7,550,000    $ 15,100,000

All Other Employee Group

    $ 8,287,500    $ 16,575,000    $ 33,150,000
(1)

The Committee established a series of performance targets based on revenues and earnings per share for the three-year period consisting of fiscal 2008-2010 corresponding to award payouts ranging from 50% to 200% of the target awards. For revenues

 

39

 

over the performance period, the target payout requires cumulative revenues corresponding to a compounded annual growth rate (“CAGR”) in revenues from fiscal 2007 results of 8%, the 50% threshold payout requires cumulative revenues corresponding to a 5.3% CAGR, and the 200% maximum payout requires cumulative revenues corresponding to an 11.5% CAGR. For EPS over the performance period, the target payout requires cumulative EPS corresponding to a 13% CAGR, the 50% threshold payout requires cumulative EPS corresponding to an 8.5% CAGR, and the 200% maximum payout requires cumulative EPS corresponding to a 20.1% CAGR. Participants will receive a payout at the average of the percentage levels at which the two performance targets are met, subject to the Committee’s discretion to reduce or eliminate any award based on our performance or individual performance. Under the terms of the awards, on August 15, 2010 we would issue the award payout to each participant in cash.

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