Chesapeake Energy 1997 Annual Report Download - page 79

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Janice A. Dobbs, age 49, has served as Corporate Secretary and Compliance Manager since 1993. From
1975 until her association with the Company, Ms. Dobbs was the corporate/securities legal assistant with the
law firm of Andrews Davis Legg Bixler Milsten & Price, Inc. in Oklahoma City. From 1973 to 1975,
Ms. Dobbs was the Administrative Assistant to the President and General Counsel of Texas International
Company, an oil and gas exploration and production company in Oklahoma City. Ms. Dobbs is a certified
legal assistant, an associate member of the American Bar Association, a member of the American Society of
Corporate Secretaries and the Society of Human Resources Management.
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") requires the Company's
directors and executive officers and persons who beneficially own more than 10% of the Company's Common
Stock to file reports of ownership and subsequent changes with the Securities and Exchange Commission.
Executive officers of the Company, Marcus C, Rowland, Steven C. Dixon, J. Mark Lester, Henry J.
Hood, Ronald A. Lefaive and Martha A. Burger were late in filing Form 4's to report the cancelation of stock
options and also failed to timely report on Form 5 options granted to replace such options.
Shannon T. Self, a director of the Company, has advised the Company that the acquisition of 52,000
shares of Common Stock acquired through the exercise of a stock option granted by the Company and the
disposition of 50,000 of those shares were reported on a late filed Form 4.
ITEM 11. Executive Compensation
Summary Compensation Table
The following table sets forth for the last three fiscal years the cash compensation of (i) the Company's
chief executive officer and (ii) the five other most highly compensated executive officers:
62
Represents the cost of personal benefits provided by the Company, including for fiscal 1997 personal
accounting support ($53,000 for Mr. McClendon and $53,350 for Mr. Ward), personal vehicle ($18,000
each) and country club membership dues ($3,450 for Mr. McClendon and $4,058 for Mr. Ward).
No awards of restricted stock or payments under long-term incentive plans were made by the Company to
any of the named executives in any period covered by the table.
Name and Principal Position Fiscal
Year
Annual Compensation Securities
Underlying
Option All
Awards(b) Other
(# of Shares) Compensation (c)
Salary Bonus
Other
Annual
Compensation (a)
Aubrey K. McClendon 1997 $250,000 $120,000 $74,450 463,000 $11,050
Chairman of the Board and 1996 $185,000 $ 40,000 $65,408 288,000 $ 8,295
Chief Executive Officer 1995 $180,000 $ 65,400 $57,640 540,000 $ 4,620
Tom L. Ward 1997 $250,000 $120,000 $75,408 463,000 $13,700
President and 1996 $185,000 $ 40,000 $66,850 288,000 $ 8,368
Chief Operating Officer 1995 $180,000 $ 65,400 $57,340 540,000 $ 4,620
Marcus C. Rowland 1997 $185,000 $ 50,000 (d) 36,000 $ 9,500
Senior Vice President Finance 1996 $165,000 $ 20,000 (d) 171,000 $11,333
and Chief Financial Officer 1995 $155,000 $ 45,400 (d) 324,000 $ 4,620
Steven C. Dixon 1997 $145,000 $ 45,000 (d) 30,000 $11,500
Senior Vice President 1996 $125,000 $ 12,500 (d) 97,500 $ 9,870
Operations 1995 $112,500 $ 27,900 (d) 184,500 $3,510
Henry J. Hood 1997 $135,000 $ 30,000 (d) 19,500 $ 2,920
Senior Vice President - 1996 $120,000 $ 12,000 (d) 51,000 $ 6,400
Land and Legal 1995 $120,000 $6,300 (d) 20,250
J. Mark Lester 1997 $132,500 $ 30,000 (d) 19,500 $10,400
Senior Vice President 1996 $110,000 $ 11,000 (d) 64,500 $ 7,635
Exploration 1995 $105,000 $ 14,800 (d) 81,000 $ 2,063