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57
Director Compensation
2015 Director Compensation
The following table describes the 2015 compensation for non-employee directors. Mr. McMullen
does not receive compensation for his Board service.
Name
Fees
Earned or
Paid in
Cash
Stock
Awards(1)
Option
Awards(1)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings(2) Total
Nora A. Aufreiter $ 84,772 $165,586 — — $250,358
Robert D. Beyer $124,664 $165,586 — $ 8,271 $298,521
Anne Gates(3) $ 13,280 $ 98,136 — — $ 111,416
Susan J. Kropf $ 94,745 $165,586 — — $260,331
David B. Lewis $ 84,772 $165,586 — — $250,358
Jorge P. Montoya $ 99,731 $165,586 — — $265,317
Clyde R. Moore $104,718 $165,586 — $11,753 $282,057
Susan M. Phillips $ 94,745 $165,586 — $ 2,701 $263,032
James A. Runde $ 99,731 $165,586 — — $265,317
Ronald L. Sargent $ 114,691 $165,586 — $ 2,777 $283,054
Bobby S. Shackouls $ 94,745 $165,586 — — $260,331
(1) Amounts reported in the Stock Awards column represent the aggregate grant date fair value of the
annual incentive share award, computed in accordance with FASB ASC Topic 718. Options are
no longer granted to non-employee directors. The aggregate number of previously granted stock
options that remained unexercised and outstanding at fiscal year-end was as follows:
Name Options
Ms. Aufreiter —
Mr. Beyer 85,000
Ms. Gates —
Ms. Kropf 75,000
Mr. Lewis 75,000
Mr. Montoya 75,000
Mr. Moore 65,000
Ms. Phillips 85,000
Mr. Runde 85,000
Mr. Sargent 85,000
Mr. Shackouls 7,800
(2) The amounts reported for Messrs. Beyer and Sargent and Dr. Phillips represent preferential
earnings on nonqualified deferred compensation. For a complete explanation of preferential
earnings, please refer to footnote 5 to the Summary Compensation Table. The amount reported for
Mr. Moore represents the change in actuarial present value of his accumulated benefit under the
pension plan for non-employee directors.
(3) Ms. Gates joined the Board in December 2015. Her retainer and incentive shares were prorated
accordingly.