GNC 2010 Annual Report Download - page 151
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Summary Compensation Table
The following table sets forth information concerning compensation we paid to our principal executive officer, principal financial officer
and three other most highly compensated executive officers who were serving as executive officers as of December 31, 2009 (collectively, the
"2009 Named Executive Officers"), for services rendered in all capacities to us during fiscal year 2009. In accordance with SEC rules, the
compensation described in this table does not include medical or group life insurance received by the 2009 Named Executive Officers that are
available generally to all salaried employees of the Company.
Change in
Pension
Value and
Non-Equity Non-qualified
Stock Option Incentive Plan Deferred All Other
Name and Salary Bonus Awards Awards Compensation Compensation Compensation Total
Principal Position Year ($) ($)1 ($) ($)2 ($)3 Earnings ($)4 ($)5,6 ($)
Joseph Fortunato 2009 860,000 100,000 — — 948,580 — 72,576 1,981,156
Chief Executive Officer 2008 855,769 216,573 — — 928,509 — 70,753 2,071,604
2007 787,500 1,909,384 — 4,083,556 700,875 — 7,260,110 14,741,425
Beth J. Kaplan 2009 696,154 — — — 767,857 — 138,755 1,602,766
President and Chief Merchandising and Marketing Officer 2008 675,000 250,000 — 1,822,120 732,375 — 119,770 3,599,265
Michael M. Nuzzo 2009 400,000 — — 553,442 335,200 — 125,321 1,413,963
Executive Vice President and Chief Financial Officer 2008 98,462 — — 462,250 80,542 — 14,992 656,246
Thomas Dowd 2009 330,154 — — — 276,669 — 44,015 650,838
Executive Vice 2008 332,500 17,404 — — 271,985 — 44,015 665,904
President of Store Operations and Development 2007 293,077 226,708 — 727,139 168,702 — 1,028,078 2,443,704
Gerald Stubenhofer7 2009 294,310 15,000 — — 190,418 — 22,280 522,008
Senior Vice President and Chief Legal Officer
(1) Reflects the entire amount set forth under "Bonus" for the 2009 Named Executive Officers:
(a) For 2007: (i) discretionary payments we made in March 2007 to Messrs. Fortunato and Dowd whose options vested in 2007 entitling
them to receive payment pursuant to the terms of a November 2006 dividend to the indirect parent company's common stockholders
in the amount of $5.42 per share, and which were determined based on the per share amount of the dividend and the number of
outstanding vested option shares held by each optionholder as of December 15, 2006, and (ii) one time cash success bonuses
upon the completion of the Merger paid on March 16, 2007 in the following amounts: Mr. Fortunato — $500,000 and Mr. Dowd —
$50,000. 145