Dollar General 2007 Annual Report Download - page 132

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130
Summary Compensation Table
The following table summarizes compensation paid to or earned by our NEOs in each of
fiscal 2007 and 2006.
Name and Principal
Position Year
Salary
($)(2)
Bonus
($)(3)
Stock
Awards
($)(4)
Option
Awards
($)(5)
Non-Equity
Incentive Plan
Compensation
($)(6)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($)
Total
($)
Richard W. Dreiling,
Chief Executive Officer(1) 2007 34,615 2,000,000 36,777 42,174 41,760 -- 62,141(7) 2,217,467
David A. Perdue,
Former Chairman &
Chief Executive Officer(1)
2007
2006
488,390
1,037,540
--
--
8,259,225
1,472,904
1,690,873
87,582
--
--
4,179,884(8)
677,541(8)
11,238,529(9)
151,448
25,856,901
3,427,015
David L. Beré,
President and Chief
Operating Officer(1)
2007 717,528 -- 974,231 1,381,712 1,009,400 -- 187,046(10) 4,269,917
David M. Tehle,
Executive Vice President
& Chief Financial Officer
2007
2006
594,523
580,022
--
188,500
632,162
235,247
1,149,922
194,127
493,213
--
--
--
130,464(11)
121,126
3,000,284
1,319,022
Beryl J. Buley,
Division President,
Merchandising, Marketing
& Supply Chain
2007
2006
589,398
575,022
--
186,875
690,116
183,223
1,065,045
180,669
488,962
--
--
--
111,234(12)
273,801
2,944,755
1,399,590
Kathleen R. Guion,
Division President,
Store Operations &
Store Development
2007
2006
512,520
500,019
--
162,500
521,453
206,455
917,214
154,982
425,184
--
--
--
115,011(13)
151,971
2,491,382
1,175,927
Challis M. Lowe,
Executive Vice President,
Human Resources
2007
2006
420,266
404,182
--
133,250
512,771
130,813
768,251
117,933
348,651
--
--
--
118,133(14)
174,322
2,168,072
960,500
(1) Mr. Dreiling was hired on January 21, 2008. Mr. Perdue resigned effective July 6, 2007. Mr. Beré was hired as our President and Chief
Operating Officer in December 2006, was appointed interim Chief Executive Officer upon Mr. Perdue’ s resignation on July 6, 2007, and
resumed his position as President and Chief Operating Officer when Mr. Dreiling was hired as our Chief Executive Officer.
(2) All NEOs (excluding Mr. Dreiling) deferred a portion of their fiscal 2007 salaries under the CDP. The amounts of such deferrals are
included in the Nonqualified Deferred Compensation Table. Each NEO (excluding Mr. Dreiling) also contributed a portion of his or her
fiscal 2007 salary to our 401(k) Plan. All NEOs for which fiscal 2006 salaries are reported in this column deferred a portion of their fiscal
2006 salaries under the CDP and contributed a portion of their salaries to our 401(k) Plan.
(3) The amount for Mr. Dreiling represents the signing bonus paid pursuant to his employment agreement. The 2006 amounts represent a one-
time discretionary bonus awarded to these NEOs for fiscal 2006.
(4) Represents the dollar amount recognized during the fiscal year for financial statement reporting purposes in accordance with Statement of
Financial Accounting Standards 123R (“SFAS 123R”), but disregarding the estimate of forfeitures related to service-based vesting
conditions, for outstanding awards of restricted stock and restricted stock units (“RSUs”). Prior to the Merger, the expense was recorded on
a straight-line basis over the restriction period based on the market price of the underlying stock on the grant date. There were no forfeitures
of restricted stock or RSUs held by the NEOs during fiscal 2007 or fiscal 2006. For more information regarding the assumptions used in the
valuation of these awards, see Note 9 of the annual consolidated financial statements included in this document. As a result of the Merger,
all restricted stock and RSU awards outstanding immediately before the Merger vested and, therefore, all remaining compensation expense
associated with those awards was recognized in fiscal 2007 in accordance with SFAS 123R.
(5) Represents the dollar amount recognized during the fiscal year for financial statement reporting purposes in accordance with SFAS 123R,
but disregarding the estimate of forfeitures related to service-based vesting conditions, for stock options. Option awards granted before
February 4, 2006 were valued on the applicable grant date under the fair value method of SFAS 123 and those granted on or after that date
were valued under the fair value method of SFAS 123R using the Black-Scholes option pricing model with the following assumptions: