FIRE » Topics » Director Compensation for Fiscal 2007

This excerpt taken from the FIRE DEF 14A filed Apr 9, 2008.
Director Compensation for Fiscal 2007
 
The following table shows for the fiscal year ended December 31, 2007 certain information with respect to the compensation of all of our non-employee directors.
 
                         
    Fees Earned
      Total
    or Paid in Cash
  Stock Awards
  Compensation
Name
  ($)   ($)(1)   ($)
 
Asheem Chandna
    55,000 (3)     53,627 (9)     108,627  
Joseph R. Chinnici
    83,333 (4)     146,141 (10)     229,474  
Tim A. Guleri
    60,167 (5)     77,599 (11)     137,766  
Steven R. Polk
    66,167 (6)     140,266 (12)     206,433  
Arnold L. Punaro
    47,000 (7)     56,419 (13)     103,419  
Harry R. Weller(2)
    28,500 (8)     31,783 (14)     60,283  
 
 
(1) Valuation based on the dollar amount of restricted stock awards recognized for financial statement reporting purposes pursuant to FAS 123R, assuming for this purpose only no effect of forfeitures. The assumptions we used with respect to the valuation of restricted stock awards are set forth in Note 8 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007.
 
(2) Mr. Weller resigned from our Board of Directors in October 2007.
 
(3) Comprised of $20,000 in director retainer fees and $35,000 in board and committee meeting attendance fees.
 
(4) Comprised of $32,500 in director retainer fees, $13,333 in committee chairman fees and $37,500 in board and committee meeting attendance fees.
 
(5) Comprised of $20,000 in director retainer fees, $6,667 in committee chairman fees and $33,500 in board and committee meeting attendance fees.
 
(6) Comprised of $23,334 in director retainer fees, $5,333 in committee chairman fees and $37,500 in board and committee meeting attendance fees.
 
(7) Comprised of $20,000 in director retainer fees and $27,000 in board and committee meeting attendance fees.
 
(8) Comprised of $5,000 in director retainer fees and $23,500 in board and committee meeting attendance fees.
 
(9) Mr. Chandna received a grant of 2,052 shares of restricted stock on March 9, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $31,783. Mr. Chandna received a grant of 6,157 shares of restricted stock on October 3, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $55,222. The aggregate number of stock awards to Mr. Chandna outstanding at December 31, 2007 was 8,209 shares.
 
(10) Mr. Chinnici received a grant of 8,209 shares of restricted stock on March 9, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $127,149. The aggregate number of stock awards to Mr. Chinnici outstanding at December 31, 2007 was 8,209 shares.
 
(11) Mr. Guleri received a grant of 8,209 shares of restricted stock on March 9, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $127,149. The aggregate number of stock awards to Mr. Guleri outstanding at December 31, 2007 was 8,209 shares.
 
(12) Mr. Polk received a grant of 8,209 shares of restricted stock on March 9, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $127,149. The aggregate number of stock awards to Mr. Polk outstanding at December 31, 2007 was 8,209 shares.
 
(13) Mr. Punaro received a grant of 12,315 shares of restricted stock on January 24, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $150,970. The aggregate number of stock awards to Mr. Punaro outstanding at December 31, 2007 was 12,315 shares.


47


 

 
(14) Mr. Weller received a grant of 2,052 shares of restricted stock on March 9, 2007, with a grant date fair value, as calculated in accordance with SFAS No. 123(R), of $31,783. No stock awards to Mr. Weller were outstanding at December 31, 2007.
 
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