PSBH » Topics » SUMMARY COMPENSATION TABLE

This excerpt taken from the PSBH DEF 14A filed Oct 1, 2007.

SUMMARY COMPENSATION TABLE

 

Name and principal position

  Year   Salary
($)
  Bonus
($)
  Stock
awards
($)(1)
  Option
awards
($)(1)
  Non-equity
incentive plan
compensation
($)(3)
  Nonqualified
deferred
compensation
earnings
($)
  All other
compensation
($)(2)
  Total
($)

Thomas A. Borner,

Chairman and Chief Executive Officer

  2007   163,942   0   72,124   24,454   30,000   8,769   29,197   328,486

Robert J. Halloran, Jr.,

President and Chief Financial Officer

  2007   135,500   0   20,195   13,585   25,000   0   19,089   213,369

(1) Reflects the amount expensed in accordance with Statement of Financial Accounting Standards No. 123(R) during fiscal 2007 with respect to awards of restricted stock and stock options granted to each of the Named Executive Officers. For a discussion of the assumptions used to establish the valuation of the restricted stock awards and stock options, reference is made to “Note 10—Stock-Based Compensation” included in the Audited Financial Statements filed as part of our Annual Report on Form 10-KSB for the Year Ended June 30, 2007.

 

9


(2) The compensation represented by the amounts for 2007 set forth in the All Other Compensation column for the Named Executive Officers is detailed in the following table.

 

      401(k) plan
contributions
   ESOP
contributions
   Life
insurance
premiums
   Cash
dividends
on unvested
restricted
stock
   Profit
sharing
contributions
   Total all
other
compensation

Thomas A. Borner

   $ 2,188    $ 5,618    $ 918    $ 7,348    $ 13,125    $ 29,197

Robert J. Halloran, Jr.  

   $ 1,180    $ 4,698    $ 918    $ 2,058    $ 10,235    $ 19,089

 

(3) Amounts included in the “Non-equity incentive plan compensation” column are based on the Company’s incentive plan, which is discussed below under “—Incentive Plan.”
This excerpt taken from the PSBH DEF 14A filed Oct 2, 2006.

SUMMARY COMPENSATION TABLE

 

Name and Principal Position

  Fiscal
Years
Ended
June 30,
  Annual Compensation  

Long-Term Compensation

Awards

 

All Other

Compensation

$(1)

   

Salary

($)

 

Bonus

($)

  Other Annual
Compensation
($)
  Restricted
Stock
Award(s) ($)
  Options/
SARs (#)
  Payouts  

Thomas A. Borner,

Chairman and Chief Executive Officer(2)

  2006   60,923   17,445   —     360,623   61,238   —     5,289

Robert G. Cocks, Jr.,

President and Chief

Executive Officer(2)

  2006
2005
2004
  167,260
165,000
144,000
  —  
11,885
20,440
  —  
—  
—  
  216,378
—  
—  
  61,238
—  

—  
  —  
—  
—  
  2,860
14,616
13,927

Robert J. Halloran, Jr.,(3)

President and Chief

Financial Officer

  2006
2005
2004
  109,919
102,448
1,923
  8,026
7,307
—  
  —  
—  
—  
  100,976
—  
—  
  34,021
—  
—  
  —  
—  
—  
  8,949
1,148
—  

(1) Consists of profit sharing plan contributions of $4,920, $0 and $7,102, 401(k) plan contributions of $0, $1,816 and $515, and life insurance premiums of $369, $1,044 and $1,332, paid by Putnam Savings Bank to or on behalf of Messrs. Borner, Cocks and Halloran, respectively, in fiscal year 2006.

 

8


(2) Mr. Borner was appointed Chief Executive Officer of the Company and Putnam Savings Bank on January 18, 2006, succeeding Mr. Cocks in that position. Mr. Cocks resigned as President and as a director of the Company, effective June 7, 2006. In connection with these resignations, Mr. Cocks forfeited awards granted to him under the Company’s 2005 Stock-Based Incentive Plan.
(3) Mr. Halloran was first appointed as an officer during the 2004 fiscal year.
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