ONVI » Topics » 2006 SUMMARY COMPENSATION TABLE

This excerpt taken from the ONVI DEF 14A filed Apr 5, 2007.

2006 SUMMARY COMPENSATION TABLE

 

Name and Principal Position

   Year    Salary ($)    Bonus ($)   

Option Awards

($) (6)

  

Non-Equity

Incentive Plan

Compensation ($)

  

All Other

Compensation

($)

   Total

Michael D. Pickett (1)

Chairman, Chief Executive Officer, and President

   2006    $ 250,000    $ 0    $ 437,378    $ 0    $ 3,300    $ 690,678

Irvine N. Alpert (2)

Executive Vice President

   2006      180,000      0      88,849      191,747      3,300      463,896

Peter W. Noble (3)

Senior Vice President of Sales

   2006      200,000      25,000      166,904      25,000      3,300    $ 420,204

Matthew S. Rowley (4)

Chief Information Officer

   2006      170,000      9,444      49,252      0      2,692      231,388

Cameron S. Way (5)

Chief Accounting Officer

   2006      130,000      6,111      28,759      0      2,028      166,898

(1) Mr. Pickett’s annual base salary as of December 31, 2006 was $250,000. The 401(k) company matching contribution of $3,300 appears in the All Other Compensation column.

 

(2) Mr. Alpert’s annual base salary as of December 31, 2006 was $180,000. Mr. Alpert’s nonequity incentive compensation consists of commissions of $191,747 in 2006 pursuant to his commission agreement with Onvia. The 401(k) company matching contribution of $3,300 appears in the All Other Compensation column.

 

(3) Mr. Noble’s annual base salary as of December 31, 2006 was $200,000. Onvia paid Mr. Noble $25,000 in 2006 as a performance bonus based on his 2005 performance, which was approved by the Board on January 17, 2006. This $25,000 bonus was not pre-established by the Board. Mr. Noble’s nonequity incentive compensation consists of commissions of $25,000 in 2006 pursuant to his commission agreement. The 401(k) company matching contribution of $3,300 appears in the All Other Compensation column.

 

(4) Mr. Rowley’s annual base salary as of December 31, 2006 was $170,000. Onvia paid Mr. Rowley $9,444 in 2006 as a management incentive plan bonus for Q4 2005, which was approved by the Board on January 17, 2006. This $9,444 bonus was not pre-established by the Board. The 401(k) company matching contribution of $2,692 appears in the All Other Compensation column.

 

(5) Mr. Way’s annual base salary as of December 31, 2006 was $130,000. Onvia paid Mr. Way $6,111 in 2006 as a management incentive plan bonus for Q4 2005, which was approved by the Board on January 17, 2006. This $6,111 bonus was not pre-established by the Board. The 401(k) company matching contribution of $2,028 appears in the All Other Compensation column.

 

(6) Amounts calculated utilizing the provisions of SFAS No. 123R, “Share-based Payments,” excluding the effects of estimated forfeitures. See note 2 of the financial statements in the Company’s Annual Report for the year ended December 31, 2006 regarding assumptions underlying valuation of equity awards.
This excerpt taken from the ONVI DEF 14A filed Apr 8, 2005.

Summary Compensation Table

 

                    Long-Term
Compensation
Awards


    
     Year

   Annual Compensation

   Securities
Underlying
Options


   All Other
Compensation


Name and Principal Position


      Salary

   Bonus

     

Michael D. Pickett (1)

Chairman of the Board, Chief Executive Officer, and President

   2004
2003
2002
   $
 
 
222,177
177,900
134,475
   $
 
 
4,808
0
143,750
   600,000
0
0
   $
 
 
0
0
52,384

Irvine N. Alpert (2)

Executive Vice President

   2004
2003
2002
    
 
 
180,000
180,000
180,000
    
 
 
3,462
50
0
   100,000
30,000
16,900
    
 
 
74,776
93,965
46,161

Clayton W. Lewis (3)

Former President and Chief Operating Officer

   2004
2003
2002
    
 
 
175,929
220,000
220,000
    
 
 
0
0
12,500
   0
0
87,000
    
 
 
0
0
0

Matthew S. Rowley (4)

Chief Information Officer

   2004
2003
2002
    
 
 
170,000
170,000
170,000
    
 
 
3,269
50
95,625
   60,000
0
24,500
    
 
 
0
0
0

Cameron S. Way (5)

Chief Accounting Officer and Controller

   2004
2003
2002
    
 
 
101,000
100,622
91,000
    
 
 
1,942
0
3,900
   30,000
22,000
0
    
 
 
0
0
0

(1)   Mr. Pickett’s annual salary as of December 31, 2004 was $250,000. Onvia paid Mr. Pickett $4,808 as a company wide one-week bonus to all employees in December 2004. Mr. Pickett’s employment agreement was amended in February 2002, to provide for an annual base salary of $120,000, an annual housing stipend, and a one-time bonus of $125,000 based on achievement of criteria or the occurrence of certain events determined by the Board of Directors, which was paid in June 2002. Mr. Pickett was also paid a bonus of $18,750 in January 2002 based on performance achievement during 2001. Mr. Pickett’s employment agreement was further amended in September 2002, providing for an annual base salary of $177,900. Mr. Pickett’s other compensation consists of housing stipend expenses of $52,384 in 2002 paid by Onvia before Mr. Pickett’s employment agreement was amended in September 2002 to eliminate the housing stipend. Mr. Pickett’s salary was increased to $250,000 in May 2004.
(2)   Mr. Alpert’s annual salary as of December 31, 2004 was $180,000. Onvia paid Mr. Alpert $3,462 as a company wide one-week bonus to all employees in December 2004. Mr. Alpert’s other compensation consists of commissions of $74,776, $93,965, and $46,161 in 2004, 2003, and 2002, respectively, pursuant to his commission agreement with Onvia.
(3)   Mr. Lewis’s annual salary as of September 17, 2004, the date of his termination of employment with the Company, was $220,000. Mr. Lewis received a bonus of $12,500 in January 2002 based on performance achievement during 2001.
(4)  

Mr. Rowley’s annual salary as of December 31, 2004 was $170,000. Onvia paid Mr. Rowley $3,269 as a company wide one-week bonus to all employees in December 2004. In January 2002 Mr. Rowley was paid

 

12


 

a bonus of $85,000 pursuant to his employment agreement with Onvia, and a bonus of $10,625 was paid in 2002 based on performance achievement during 2001.

(5)   Mr. Way’s annual salary as of December 31, 2004 was $101,000. Onvia paid Mr. Way $1,942 as a company wide one-week bonus to all employees in December 2004. Mr. Way received a bonus of $3,900 in January 2002 based on performance achievement during 2001. Mr. Way’s annual salary was increased to $110,000 as of January 26, 2005.

 

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