CompUSA 2008 Annual Report Download - page 27

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KL2 2600873.8
SUMMARY COMPENSATION TABLE
The following table sets forth the compensation earned by the Chief Executive Officer (“CEO”, our principal executive officer),
Chief Financial Officer (“CFO”, our principal financial officer), and the three most highly compensated officers other than the CEO
and CFO (collectively the “Named Executive Officers”) for fiscal years 2006, 2007 and 2008:
Name and
Principal
Position
Year Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($) (1)
Non-Equity
Incentive Plan
Compensation
($) (2)
All Other
Compensation
($)
Total
($)
Richard Leeds 2008 550,000 550,000 - - - 26,522 (3) 1,126,522
Chairman and
Chief Executive
Officer
2007 442,600 600,000 - - - 19,843 1,062,443
2006 420,000 600,000 - - - 27,795 1,047,795
Lawrence P.
Reinhold
2008 455,250 325,000 - 567,161 - 22,923 (4) 1,370,334
Vice President
and Chief
Financial Officer
2007 380,385 325,000 - 714,073 - 20,921 1,440,379
2006 - - - - - - -
Bruce Leeds 2008 450,000 375,000 - - - 21,329 (5) 846,329
Vice Chairman 2007 405,365 400,000 - - - 21,912 827,277
2006 389,881 250,000 - - - 26,061 665,942
Robert Leeds 2008 450,000 375,000 - - - 20,003 (6) 845,003
Vice Chairman 2007 405,365 400,000 - - - 18,923 824,288
2006 389,881 250,000 - - - 21,890 661,771
Gilbert
Fiorentino
2008 476,875 - - 329,045 1,400,000 622,945 (7) 2,828,865
Chief Executive
– Technology
Products Group
2007 456,484 1,938,000 599,152 - 624,916 3,618,552
2006 453,923 950,000 - 917,438 - 37,709 2,359,070
(1) This column represents the dollar amount recognized for financial statement purposes with respect to the 2006,
2007 and 2008
fiscal years for the fair value of stock options granted in 2006, 2007 and 2008 as well as in prior years,
in accordance with SFAS
123R. As per SEC rules relating to executive compensation disclosure,
the amounts shown exclude the impact of forfeitures related
to service based vesting conditions. These amounts were calculated using the Black-Scholes option-pricing model.
For additional
information regarding assumptions made in calculating the amounts
reflected in this column for grants made in fiscal years 2006,
2007 and 2008, please refer to Note 7 to our audited consolidated financial statements, included in our Annual Report on Form 10-
K
for fiscal year 2008. For additional information regarding ass
umptions made in calculating the amounts reflected in this column for
grants made prior to fiscal year 2006, see the “Shareholders’ Equity” note
to our audited consolidated financial statements, included
in our Annual Report on Form 10-K for the respective fiscal years.
(2) This column represents the amount earned in fiscal year 2008 (although paid in fiscal year 2009) pursuant to the Systemax
Executive Incentive Plan. For more information, see the Grants of Plan-Based Awards table below and the section entitled “—
Compensation Arrangements of the Named Executive Officers—Gilbert Fiorentino” beginning on page 15 of this proxy statement.
(3) Includes $26,522 in auto-related expenses.
(4) Includes (i) $19,473 in auto-related expenses and (ii) Company 401(k) contributions.
(5) Includes $21,329 in auto-related expenses.