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Table of Contents
Andrew Claerhout and Romeo Leemrijse were elected to our board of directors effective May 14, 2009.
Carmen Fortino was elected to our board of directors effective July 17, 2007.
Michael Hines was elected to our board of directors effective October 21, 2009.
Brian Klos was elected to our board of directors on June 7, 2010 to fill the vacancy created by the resignation of Mr. Schwartz.
Richard Wallace was elected to our board of directors effective July 14, 2010. In connection with his election, the Compensation Committee granted
Mr. Wallace a non-qualified stock option to purchase 17,500 shares of our Parent's Class A common stock at an exercise price of $11.09 per share, and a non-
qualified stock option to purchase 17,500 shares of such common stock at an exercise price of $16.63 per share. Each stock option (i) has a term of 10 years
from the grant date and (ii) becomes vested and exercisable in five equal installments on each anniversary of the election date, subject to Mr. Wallace's
continued service as a director until the applicable vesting date.
None of our other directors was granted any stock options for the year ended December 31, 2010.
The following table presents information regarding the compensation of our non-employee directors as of December 31, 2010. Mr. Fortunato and
Ms. Kaplan serve as members of our board of directors, but neither receives any compensation for serving as a director. Compensation for Mr. Fortunato and
Ms. Kaplan is discussed under "Executive Compensation" above.
Name
Fees
Earned or
Paid in
Cash
($)
Stock
Awards
($)
Option
Awards
($)(1),(2)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension
Value and
Non-qualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($)
Total
($)
Norman
Axelrod 200,000 — — — — 11,795(3) 211,795
Andrew
Claerhout — — — — — — —
Carmen
Fortino 40,000(4) — — — — — 40,000
Michael Hines 40,000 — — — — — 40,000
David B.
Kaplan — — — — — — —
Brian Klos — — — — — — —
Romeo
Leemrijse — — — — — — —
Jeffrey B.
Schwartz(5) — — — — — — —
Richard
Wallace 30,000(6) — 121,100 — — — 151,100
Reflects the aggregate grant date fair value of option awards granted during the fiscal year ended December 31, 2010 computed in accordance with FASB ASC
Topic 718. For additional information, see Note 18, "Stock-Based Compensation Plans", to our audited consolidated financial statements included elsewhere in this
report. The amounts reflect the accounting expense for these awards and do not correspond to the actual value that may be recognized by such persons with respect
to these awards. The grant date fair value was $3.46 per share, calculated in accordance with FASB ASC Topic 718.
(1)
154