Dollar General 2008 Annual Report Download - page 125
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123
ITEM 9B. OTHER INFORMATION
Named Executive Officer Base Salary Adjustments
On March 18, 2009, the Compensation Committee of our Board of Directors approved
annual base salary increases for each of our named executive officers listed below (the “named
executive officers”), all to be effective April 1, 2009. Mr. Dreiling’ s base salary increase was
recommended by the Compensation Committee and, on March 19, 2009, approved by the Board
of Directors.
Name and Position
Percent
Increase
Annual Base Salary
Effective April 1, 2009
Richard Dreiling, Chairman and Chief
Executive Officer
12.1%
$1,121,000
David Bere, President and Chief Strategy
Officer
2.25%
$759,339
David Tehle, Executive Vice President and
CFO
2.25%
$629,167
Kathleen Guion, Executive Vice President,
Division President, Store Operations and
Store Development
2.25%
$608,388
Susan Lanigan, Executive Vice President and
General Counsel
5.00%
$456,717
Named Executive Officer Bonus Program
On March 18, 2009, the Compensation Committee approved the fiscal 2009 annual bonus
program (the “2009 Teamshare Program”) applicable to the named executive officers, among
others. Mr. Dreiling’ s participation in the 2009 Teamshare Program (to the extent not otherwise
required by the terms of his employment agreement with us) was recommended by the
Compensation Committee and, on March 19, 2009, approved by the Board of Directors.
Under the 2009 Teamshare Program, the named executive officers will be eligible to
receive a cash bonus payment equal to a certain percentage of base salary based upon the
Company’ s achievement in fiscal 2009 of a pre-established financial performance measure based
upon earnings before interest, taxes, amortization and depreciation (“EBITDA”), with
adjustments similar to those made for purposes of calculating performance targets for our long-
term incentive program, including exclusions for the impact of: (a) any fee paid to Kohlberg
Kravis Roberts & Co., Goldman Sachs & Co. and any affiliates thereof pursuant to the terms of
the Monitoring Fee Letter Agreement dated July 6, 2007; (b) all consulting, accounting, legal,
valuation, banking, filing, disclosure and similar costs, fees and expenses directly related to the
consideration, negotiation, approval and consummation of the proposed acquisition and related
financing of the Company by affiliates of Kohlberg Kravis Roberts & Co. (including without
limitation any costs, fees and expenses relating to the filing and maintenance of the Form S-1
market maker registration statement) and any litigation or settlement of any litigation related
thereto; (c) any costs, fees and expenses directly related to the consideration, negotiation, and