THQI » Topics » Base salary:

This excerpt taken from the THQI 8-K filed Jun 25, 2009.
Base salary:           Increased approximately 27%, from £192,535 ($314,814*) to £243,902 ($398,804*) per year

 

Annual Cash

Bonus

Opportunity:         Increased from 60% target bonus opportunity to 80% target bonus opportunity.  The actual bonus payout will be based upon achievement of certain quantitative and qualitative performance measures, as further described in the Company’s proxy statement dated July 1, 2008, as filed with the Securities and Exchange Commission for the Company’s 2008 annual stockholders’ meeting.

 

Equity Grant:         75,000 stock options were granted to Mr. Curran on June 19, 2009.  The options were priced at $7.16, which was the closing price of THQ’s stock on the grant date.

 


* Based upon conversion rate as of June 19, 2009, which was 1 GBP = 1.6351 USD

 

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This excerpt taken from the THQI 8-K filed Feb 4, 2009.
Base salary:                                $375,000 per year

 

Annual Cash

Bonus

Opportunity:                           75% target bonus. The bonus will be based upon achievement of certain quantitative and qualitative performance measures, as further described in the Company’s proxy statement dated July 1, 2008, as filed with the Securities and Exchange Commission for the Company’s 2008 annual stockholders’ meeting.

 

Equity Grants:                    150,000 stock options will be granted to Mr. Pucino at the next regularly scheduled meeting of the compensation committee of the Board. The options will be priced at the closing price of Registrant’s stock as of such grant date.

 

15,000 Restricted Stock Units will be awarded to Mr. Pucino at the next regularly scheduled meeting of the compensation committee of the Board.

 

Post Employment

Compensation:                Mr. Pucino will be eligible to participate in the severance plans offered to other executive officers of the Company, including the Company’s severance agreement and the Company’s change-in-control severance agreement.

 

This excerpt taken from the THQI DEF 14A filed Jul 2, 2007.
Base Salary.   Base salaries for our executives are established based on the scope of their responsibilities, taking into account competitive market compensation for similar positions, as well as seniority and competency of the individual, our ability to replace the individual and other primarily judgmental factors deemed relevant by the Compensation Committee. Base salaries are reviewed annually by the Compensation Committee and may be adjusted (upward, pursuant to an employment agreement, in the case of Mr. Farrell) from time to time pursuant to such review, to realign salaries with market levels after taking into account individual responsibilities, performance and experience. For example, an executive may undertake additional duties that are not reflected in the executive’s title, but the executive’s compensation is compared to the market compensation based on standard duties for the executive’s title.

Overall, between April 1, 2004 and March 31, 2007, base salaries for each of our named executive officers have increased by approximately 4% per year. In May 2006, Mr. Flock’s base salary was increased from $400,000 to $450,000 to reflect additional responsibilities that Mr. Flock was assigned to manage. Base salaries paid to the named executive officers in fiscal 2007 are reflected in the Summary Compensation Table on page 27.

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