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USAP » Topics » Summary Compensation Table (1)

This excerpt taken from the USAP DEF 14A filed Apr 18, 2006.

Summary Compensation Table (1)

 

          Annual Compensation    Long-term
Compensation
Awards
Securities
Underlying
Options/SARs
(#) (3)		   

All Other
Compensation ($) (4)

Name and
Principal Position

    Year    Salary ($)    Bonus ($)    Other Annual
Compensation ($) (2)		      

Clarence M. McAninch

President and CEO

    2005
2004
2003		    245,000
235,770
224,231		    190,000
165,000
20,000		    6,208
7,110		    10,000
25,000		    2,036
16,232
16,146

Paul A. McGrath

Vice President of Operations, General Counsel and Secretary

    2005
2004
2003		    158,923
152,675
147,116		    120,000
100,000
15,000		    —  
—  
—  		    5,000
5,000		    1,737
1,827
1,891

Dudley J. Merchant

Vice President of Sales and Marketing (5)

    2005
2004		    121,923
110,769		    75,000
70,000		    —  
—  		       2,036
1,789

Richard M. Ubinger

Vice President of Finance, Chief Financial Officer and Treasurer

    2005
2004
2003		    159,307
149,695
144,115		    105,000
80,000
15,000		    —  
—  
—  		    5,000
5,000		    2,036
1,977
1,891
(1)   As to columns omitted in the Summary Compensation Table, the answer is none.

 

(2)   The amounts represent reimbursement for the payment of taxes for Mr. McAninch related to life insurance in which the beneficiary is his spouse. The dollar value of perquisites paid to any named executive officer does not exceed the lesser of $50,000 or 10% of the total of annual salary and bonus reported for the named executive officer.

 

(3)   Represents securities underlying options granted under the Stock Incentive Plan.

 

(4)   For 2005, represents (i) contributions to the Universal Stainless 401(k) plan of $625 for Messrs. McAninch, Merchant and Ubinger and $475 for Mr. McGrath, (ii) contributions of $1,352 to the Steelworkers Pension Trust for Messrs. McAninch, Merchant, McGrath and Ubinger. For 2004, represents (i) contributions to the Universal Stainless 401(k) plan of $625 for Messrs. McAninch and Ubinger, $550 for Mr. Merchant and $475 for Mr. McGrath, (ii) contributions of $1,352 to the Steelworkers Pension Trust for Messrs. McAninch, McGrath and Ubinger, and $1,239 for Mr. Merchant and (iii) the dollar value of the benefit to Mr. McAninch of life insurance premiums paid by Universal Stainless for term life insurance for Mr. McAninch of $14,255. For 2003, represents (i) contributions to the Universal Stainless 401(k) plan of $625 and $1,266 to the Steelworkers Pension Trust for Messrs. McAninch, McGrath and Ubinger and (ii) the dollar value of the benefit to Mr. McAninch of life insurance premiums paid by Universal Stainless for term life insurance for Mr. McAninch of $14,255.

 

(5)   Mr. Merchant was hired by the Company as its Vice President of Sales and Marketing in January 2004. Mr. Merchant resigned his position with the Company on March 8, 2006.

 

10

Table of Contents
This excerpt taken from the USAP DEF 14A filed Apr 18, 2005.

Summary Compensation Table (1)

 

          Annual Compensation
    Long-term
Compensation
Awards
Securities
Underlying
Options/SARs
(#) (3)
    All Other
Compensation ($) (4)

Name and

Principal Position

    Year
    Salary ($)
    Bonus ($)
    Other Annual
Compensation ($) (2)
      

Clarence M. McAninch

President and CEO

    2004
2003
2002		    235,770
224,231
220,000		    165,000
20,000
12,000		    6,208
7,110
7,110		    10,000
25,000
—  		    16,232
16,146
15,455

Paul A. McGrath

Vice President Operations,

General Counsel and Secretary

    2004
2003
2002		    152,675
147,116
145,000		    100,000
15,000
12,000		    —  
—  
—  		    5,000
5,000
10,000		    1,827
1,891
1,200

Richard M. Ubinger

Vice President of Finance,

Chief Financial Officer and
Treasurer

    2004
2003
2002		    149,692
144,115
142,000		    80,000
15,000
12,000		    —  
—  
—  		    5,000
5,000
10,000		    1,977
1,891
1,200
(1)   As to columns omitted in the Summary Compensation Table, the answer is none.
(2)   The amounts represent reimbursement for the payment of taxes for Mr. McAninch related to life insurance in which the beneficiary is his spouse. The dollar value of perquisites paid to any named executive officer does not exceed the lesser of $50,000 or 10% of the total of annual salary and bonus reported for the named executive officer.
(3)   Represents securities underlying options granted under the Stock Incentive Plan.
(4)   For 2004, represents (i) contributions to the Universal Stainless 401(k) plan of $625 for Messrs. McAninch and Ubinger and $475.00 for Mr. McGrath, (ii) contributions of $1,352 to the Steelworkers Pension Trust for Messrs. McAninch, McGrath and Ubinger and (iii) the dollar value of the benefit to Mr. McAninch of life insurance premiums paid by Universal Stainless for term life insurance for Mr. McAninch of $14,255. For 2003, represents (i) contributions to the Universal Stainless 401(k) plan of $625 and $1,266 to the Steelworkers Pension Trust for Messrs. McAninch, McGrath and Ubinger and (ii) the dollar value of the benefit to Mr. McAninch of life insurance premiums paid by Universal Stainless for term life insurance for Mr. McAninch of $14,255. For 2002, represents (i) contributions to Universal Stainless’ 401(k) retirement plan of $1,200 for Messrs. McAninch, McGrath and Ubinger and (ii) the dollar value of the benefit to Mr. McAninch of life insurance premiums paid by Universal Stainless for term life insurance for Mr. McAninch of $14,255.

 

8

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 18, 2006
DEF 14A
Apr 18, 2005

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