Kroger 2014 Annual Report Download - page 45
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NO N Q U A L I F I E D D E F E R R E D C O M P E N S A T I O N
The following table provides information on nonqualified deferred compensation for the named
executiveofficersfor2014.
2014 NONQUALIFIED DEFERRED COMPENSATION TABLE
Name
Executive
Contributions
in Last FY
Registrant
Contributions
in Last FY
Aggregate
Earnings in
Last FY(4)
Aggregate
Withdrawals
Distributions
Aggregate
Balance at
Last FYE
W.RodneyMcMullen ........... $344,589 (1) __ $496,003 __ $7,838,774
J.MichaelSchlotman ........... __ __ __ __ __
MichaelL.Ellis ................ $604,457 (2) __ $ 53,360 __ $1,242,576
KathleenS.Barclay ............. __ __ __ __ __
MichaelJ.Donnelly ............. __ __ $ 22,793 __ $ 348,220
DavidB.Dillon ................ $ 75,000 (3) __ $ 84,397 __ $1,333,129
(1) This amount represents the deferral of a portion of the 2013 performance-based annual cash bonus
earnedinfiscal2013andpaidinMarch2014intheamountof$219,989andthedeferralofaportionof
the2011long-termcashbonus,whichwasearnedduringthe2011through2013performanceperiodand
paidinMarch2014intheamountof$124,600.ThisamountisincludedintheSummaryCompensation
Tablefor2013underthe“Non-EquityIncentivePlanCompensation”column.
(2) This amount represents the deferral of a portion of the 2013 performance-based annual cash bonus
earnedinfiscal2013andpaidinMarch2014intheamountof$345,121andthedeferralofaportionof
the2011long-termcashbonus,whichwasearnedduringthe2011through2013performanceperiodand
paidinMarch2014intheamountof$259,336.ThisamountisincludedintheSummaryCompensation
Tablefor2013underthe“Non-EquityIncentivePlanCompensation”column.
(3) This amount represents the deferral of a portion of the 2013 performance-based annual cash bonus
earnedinfiscal2013andpaidinMarch2014intheamountof$75,000.Thisamountisincludedinthe
SummaryCompensationTablefor2013underthe“Non-EquityIncentivePlanCompensation”column.
(4) These amounts include the aggregate earnings on all accounts for each named executive officer,
includinganyabove-marketorpreferentialearnings.Thefollowingamountsearnedin2014aredeemed
tobepreferentialearningsandareincludedinthe“ChangeinPensionValueandNonqualifiedDeferred
CompensationEarnings”columnoftheSummaryCompensationTablefor2014:Mr.McMullen,$71,919;
Mr.Ellis,$3,933;Mr.Donnelly,$4,141;andMr.Dillon,$17,071.
Eligibleparticipantsmayelecttodeferupto100%oftheamountoftheirsalarythatexceedsthesum
oftheFICAwagebaseandpre-taxinsuranceandotherInternalRevenueCodeSection125plandeductions,
as well as up to 100% of their annual and long-term bonus compensation. The Company does not match
anydeferral.DeferralaccountamountsarecreditedwithinterestattheraterepresentingKroger’scostof
ten-yeardebtas determined byKroger’s CEOand reviewed bytheCompensation Committee priortothe
beginning of each deferral year. The interest rate established for deferral amounts for each deferral year
willbeappliedtothosedeferralamountsforallsubsequentyearsuntilthedeferredcompensationispaid
out.Participantscanelecttoreceivelumpsumdistributionsorquarterlyinstallmentsforperiodsuptoten
years.Participantsalsocanelectbetweenlumpsumdistributionsandquarterlyinstallmentstobereceived
bydesignatedbeneficiariesiftheparticipantdiesbeforedistributionofdeferredcompensationiscompleted.
Participants may not withdraw amounts from their accounts until they leave the Company, except
thattheCompany hasdiscretiontoapproveanearlydistributiontoa participant upontheoccurrenceof
an unforeseenemergency.Participants whoare“specified employees” under Section409Aof theInternal
RevenueCode,whichincludesthenamedexecutiveofficers,maynotreceiveapost-terminationdistribution
foratleastsixmonthsfollowingseparation.Iftheemployeediespriortoorduringthedistributionperiod,
the remainder of the account will be distribution to his designated beneficiary in lump sum or quarterly
installments,accordingtotheparticipant’spriorelection.