SMG » Topics » Non-Qualified Deferred Compensation for 2008 Fiscal Year
This excerpt taken from the SMG DEF 14A filed Dec 19, 2008.
Non-Qualified
Deferred Compensation for 2008 Fiscal Year
Executive
Registrant
Aggregate
Aggregate
Contributions
Contributions
Earnings
Aggregate
Balance at
in Last Fiscal
in Last Fiscal
in Last
Withdrawals/
Last Fiscal
Name
Year
Year
Fiscal Year
Distributions
Year End
(a)
($)(2)(b)
($)(3)(c)
($)(4)(d)
($)(e)
($)(5)(6)(f)
James Hagedorn
25,900
34,548
(270,122
)
0
391,247
David C. Evans
10,688
19,533
(20,798
)
0
92,810
Barry W. Sanders
15,000
16,879
(10,782
)
0
94,676
Claude L. Lopez(1)
n/a
n/a
n/a
n/a
n/a
Denise S. Stump
4,791
9,262
(27,512
)
0
94,320
(1)
Mr. Lopez is a French citizen and therefore not eligible to
participate in the ERP.
(2)
This column includes contributions to the ERP made by
Mr. Hagedorn, Mr. Evans, Mr. Sanders and
Ms. Stump, respectively. These amounts are also included in
the Salary column numbers reported in the Summary
Compensation Table for 2008 Fiscal Year.
(3)
The method of determining these contributions is explained in
the narrative preceding this table. These contributions are also
included in the Deferred Compensation Plans column
numbers reported in the table captioned All Other
Compensation Table (Supplements Summary Compensation
Table).
(4)
This amount represents the aggregate market-based earnings
(losses) for the 2008 fiscal year credited to each NEOs
account in accordance with the ERP. The benchmarked funds which
may be chosen by a participant include a Company stock fund and
mutual fund investments that are substantially consistent with
the investment options permitted under the RSP. These amounts
are not reflected in the Summary Compensation Table for 2008
Fiscal Year.
(5)
This amount represents the account balance for each NEO as of
the end of the 2008 fiscal year. Distributions from the ERP
generally begin after six months have elapsed from when a
participant terminates employment (although, based on a
previously-filed election, the participant may specify a later
distribution date) and normally are paid in either a lump sum or
in annual installments over no more than nine years, whichever
the participant has elected. Distributions from the Company
stock fund are always made in the form of whole Common Shares
and the value of fractional Common Shares is distributed in
cash. Distributions from one of the mutual fund investments are
made in cash equal to the number of mutual fund shares credited
to the participant multiplied by the market value of those
mutual fund shares.
(6)
Includes amounts reported as compensation in the Summary
Compensation Table for 2008 Fiscal Year for previous fiscal
years as follows: (1) Mr. Hagedorn, $29,500;
(2) Mr. Evans, $17,835; (3) Mr. Sanders,
$13,025; and (4) Ms. Stump, $11,715.