Baker Hughes 2004 Annual Report Download - page 26

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CHARITABLE฀CONTRIBUTIONS
Within฀the฀preceding฀year,฀the฀Company฀did฀not฀make฀
any฀contributions฀to฀any฀charitable฀organization฀in฀which฀an฀
independent฀director฀served฀as฀an฀executive฀officer,฀which฀
exceeded฀the฀greater฀of฀$1฀million฀or฀2%฀of฀the฀charitable฀
organization’s฀consolidated฀gross฀revenues.
COMPLIANCE฀WITH฀SECTION฀16(a)฀OF฀
THE฀SECURITIES฀EXCHANGE฀ACT฀OF฀1934
Section฀16(a)฀of฀the฀Securities฀Exchange฀Act฀of฀1934,฀as฀
amended฀(“Exchange฀Act”),฀requires฀executive฀officers,฀direc-
tors฀and฀persons฀who฀beneficially฀own฀more฀than฀10%฀of฀the฀
Common฀Stock฀to฀file฀initial฀reports฀of฀ownership฀and฀reports฀
of฀changes฀in฀ownership฀with฀the฀SEC฀and฀the฀NYSE.฀SEC฀reg-
ulations฀require฀executive฀officers,฀directors฀and฀greater฀than฀
10%฀beneficial฀owners฀to฀furnish฀the฀Company฀with฀copies฀
of฀all฀Section฀16(a)฀forms฀they฀file.
Based฀solely฀on฀a฀review฀of฀the฀copies฀of฀those฀forms฀fur-
nished฀to฀the฀Company฀and฀written฀representations฀from฀the฀
executive฀officers฀and฀directors,฀the฀Company฀believes,฀that฀
during฀its฀fiscal฀year฀ended฀December฀31,฀2004,฀the฀Company’s฀
executive฀officers฀and฀directors฀complied฀with฀all฀applicable฀
Section฀16(a)฀filing฀requirements.
EXECUTIVE฀COMPENSATION฀
SUMMARY฀COMPENSATION฀TABLE
The฀following฀table฀sets฀forth฀the฀compensation฀earned฀by฀the฀Chief฀Executive฀Officer฀and฀the฀four฀most฀highly฀compensated฀
executive฀officers฀of฀the฀Company฀for฀services฀rendered฀to฀the฀Company฀and฀its฀subsidiaries฀for฀the฀fiscal฀years฀ended฀December฀31,฀
2004,฀2003฀and฀2002.฀Compensation฀information฀is฀also฀included฀for฀Mr.฀Wiley฀who฀served฀as฀our฀Chief฀Executive฀Officer฀during฀
our฀most฀recently฀completed฀fiscal฀year฀but฀retired฀prior฀to฀our฀fiscal-year฀end.฀Bonuses฀are฀paid฀under฀the฀Company’s฀applicable฀
incentive฀compensation฀guidelines฀and฀are฀generally฀paid฀in฀the฀year฀following฀the฀year฀in฀which฀the฀bonus฀is฀earned.
฀ Annual฀Compensation฀ Long-Term฀Compensation฀Awards
฀ ฀ ฀ ฀ Other฀Annual฀ Restricted฀ Securities฀Underlying฀
Name฀and฀Principal฀Position฀ Year฀ Salary฀ Bonus฀ Compensation(1)฀ Stock฀Awards฀ Options฀(#฀Shares)(2)
Michael฀E.฀Wiley,฀Chairman฀of฀ 2004฀ $฀ 858,254฀ $฀ 1,014,300฀ $฀1,881,940(4)฀ –฀ 300,000
฀ the฀Board฀and฀Chief฀ 2003฀ ฀ 998,469฀ ฀ 918,592฀ ฀ 142,782฀ –฀ 300,000
฀ Executive฀Officer(3)฀ 2002฀ ฀ 969,423฀ ฀ 490,000฀ ฀ 283,239฀ 40,000(5)฀ 210,000
Chad฀C.฀Deaton,฀Chairman฀of฀ 2004฀ ฀ 126,923฀ ฀ 600,000฀ ฀ 11,706฀ 80,000(7)฀ 75,000
฀ the฀Board฀and฀Chief
฀ Executive฀Officer(6)
G.฀Stephen฀Finley,฀Senior฀Vice฀ 2004฀ ฀ 507,257฀ ฀ 624,484฀ ฀ 111,794฀ –฀ 79,000
฀ President฀–฀Finance฀and฀ 2003฀ ฀ 483,441฀ ฀ 289,098฀ ฀ 92,905฀ –฀ 79,000
฀ Administration฀and฀ 2002฀ ฀ 464,677฀ ฀ 160,000฀ ฀ 120,692฀ 20,000(8)฀ 62,000
฀ Chief฀Financial฀Officer
James฀R.฀Clark,฀President฀and฀฀ 2004฀ ฀ 500,702฀ ฀ 720,261฀ ฀ 113,132฀ 40,000(9)฀ 98,500
฀ Chief฀Operating฀Officer฀฀ 2003฀ ฀ 321,270฀ ฀ 245,134฀ ฀ 74,890฀ –฀ 26,000
฀ ฀ 2002฀ ฀ 297,027฀ ฀ 155,414฀ ฀ 74,208฀ 25,000(10)฀ 22,000
Alan฀R.฀Crain,฀Jr.,฀Vice฀President฀฀ 2004฀ ฀ 402,385฀ ฀ 419,164฀ ฀ 90,269฀ 10,000(11)฀ 55,000
฀ and฀General฀Counsel฀ 2003฀ ฀ 386,346฀ ฀ 195,491฀ ฀ 77,212฀ –฀ 54,500
฀ ฀ 2002฀ ฀ 375,508฀ ฀ 114,345฀ ฀ 128,128฀ –฀ 39,000
Douglas฀J.฀Wall,฀Vice฀President฀฀ 2004฀ ฀ 330,250฀ ฀ 374,902฀ ฀ 69,145฀ 10,000(12)฀ 28,000
฀ and฀Group฀President,฀Completions฀ 2003฀ ฀ 311,812฀ ฀ 198,411฀ ฀ 58,844฀ –฀ 25,000
฀ and฀Production(13)฀ 2002฀ ฀ 299,762฀ ฀ 127,053฀ ฀ 71,140฀ –฀ 22,000
10฀฀฀฀Baker฀Hughes฀Incorporated