AMD 1997 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 1997 AMD annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 213

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213

EXECUTIVE COMPENSATION
The following table shows for the three fiscal years ended December 28,
1997, the compensation paid by the Company and its subsidiaries to the
Company's Chief Executive Officer and to the four other most highly paid
executive officers whose aggregate salary and bonus compensation exceeded
$100,000.
SUMMARY COMPENSATION TABLE (1995-1997)
ANNUAL COMPENSATION
-----------------------------------------------
(A) (B) (C) (D) (E)
OTHER ANNUAL
NAME AND PRINCIPAL POSITION YEAR SALARY BONUS(1) COMPENSATION
--------------------------- ---- ---------- ---------- ------------
W. J. Sanders III.............1997 $1,000,000 $ 617,817(4) $256,928(5)
Chairman and Chief 1996 $1,038,461 $2,000,000(4) $217,818(5)
Executive Officer 1995 $ 978,887 $2,026,961(4) $278,704(5)
Richard Previte...............1997 $ 757,477 $ 8,068(6) $ 0
President, Chief Operating 1996 $ 709,312 $ 558,945(6) $ 0
Officer and Member of 1995 $ 660,495 $1,358,757(6) $ 0
the Office of the CEO
S. Atiq Raza..................1997 $ 456,731 $ 4,473 $ 0
Executive Vice President, 1996 $ 306,350 $ 330,693(8) $ 0
Chief Technical Officer 1995 $ 0 $ 0 $ 0
and Member of the Office
of the CEO
Eugene D. Conner..............1997 $ 436,923 $ 4,304 $ 0
Executive Vice President, 1996 $ 406,635 $ 100,000 $ 0
Operations and Member of 1995 $ 362,789 $ 324,718(11) $ 0
the Office of the CEO
Stephen Zelencik..............1997 $ 426,115 $ 4,384 $ 0
Senior Vice President, 1996 $ 426,676 $ 0 $ 0
Chief Marketing Executive 1995 $ 403,978 $ 451,420(11) $ 0
LONG-TERM COMPENSATION AWARDS
-----------------------------------------------------
(A) (F) (G) (I)
RESTRICTED SECURITIES
STOCK UNDERLYING ALL OTHER
NAME AND PRINCIPAL POSITION AWARDS OPTIONS/SARS(/2/) COMPENSATION(/3/)
--------------------------- ----------------- ----------------- -----------------
W. J. Sanders III............. $ 0 0 $472,812
Chairman and Chief $ 0 2,500,000 $ 49,454
Executive Officer $ 0 0 $ 34,923
Richard Previte............... $ 0 100,000 $ 30,843
President, Chief Operating $882,296(7) 145,267 $ 38,429
Officer and Member of the $ 0 100,000 $ 29,060
Office of the CEO
S. Atiq Raza.................. $ 0 75,000 $ 12,537
Executive Vice President, $533,346(9) 250,132 $ 7,100
Chief Technical Officer $ 0 0 $ 0
and Member of the Office
of the CEO
Eugene D. Conner.............. $ 0 50,000 $ 18,753
Executive Vice President, $441,172(10) 72,632 $ 15,975
Operations and Member of $ 0 50,000 $ 21,297
the Office of the CEO
Stephen Zelencik.............. $ 0 50,000 $ 29,313
Senior Vice President, $441,172(10) 72,632 $ 25,253
Chief Marketing Executive $ 0 50,000 $ 20,890
- -------
(1) Includes cash profit sharing in the following amounts for Messrs.
Sanders, Previte, Raza, Conner and Zelencik, respectively: for 1997,
$10,371, $8,068, $4,473, $4,304, and $4,384; for 1995, $69,187, $46,157,
$0, $25,535, and $28,009. No cash profit sharing was paid for 1996.
(2) No SARs were awarded in 1997, 1996 or 1995.
(3) Includes for 1997 for Mr. Sanders, pursuant to his Agreement, $400,000 in
deferred retirement compensation and $23,000 as a deferred cost of living
salary adjustment. Includes, for 1997 for Messrs. Sanders, Previte, Raza,
Conner and Zelencik, the Company's matching contributions to the
Company's 401(k) Plan in the amounts of $2,250, $2,250, $2,250, $2,250
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998