Sherwin-Williams Company 10-K 2011
Documents found in this filing:
SUMMARY OF BASE SALARY AND ANNUAL INCENTIVE
COMPENSATION PAYABLE TO NAMED EXECUTIVE OFFICERS
2011 Base Salary. On February 15, 2011, the Compensation and Management Development Committee (the Compensation Committee) of the Board of Directors of The Sherwin-Williams Company (Sherwin-Williams) set the 2011 base salaries of the executive officers who were named in the Summary Compensation Table of Sherwin-Williams 2010 Proxy Statement and who are expected to be named in the Summary Compensation Table of Sherwin-Williams 2011 Proxy Statement (the Named Executive Officers). The base salaries of the Named Executive Officers for 2011 are as follows: C.M. Connor, Chairman and Chief Executive Officer ($1,221,987); J.G. Morikis, President and Chief Operating Officer ($779,220); S.P. Hennessy, Senior Vice President Finance and Chief Financial Officer ($587,704); S.J. Oberfeld, Senior Vice President Corporate Planning and Development ($536,354); and T. W. Seitz, Senior Vice President Strategic Excellence Initiatives ($495,482).
Annual Incentive Compensation to Be Earned in 2011. The Compensation Committee also approved the following minimum, target and maximum cash bonus award levels, as a percent of salary, for the Named Executive Officers for 2011 under The Sherwin-Williams Company 2007 Executive Performance Bonus Plan.