Neiman Marcus 2006 Annual Report Download - page 69

Summary Compensation Table
The following table sets forth the annual compensation for the Principal Executive Officer, the Principal Financial Officer,
and the three other most highly compensated executive officers (referred to as the named executive officers) serving at the end of
fiscal year 2007.
Name and Principal
Position
Fiscal
Year
Salary
($)
Bonus
($)(1)
Option
Awards
($)(2)
Non-Equity
Incentive
Plan
Compen-
sation
($)(3)
Change in
Pension
Value and
Non-
qualified
Deferred
Compen-
sation
Earnings
($)(4)
All Other
Compen-
sation
($)(5)
Total
($)
Burton M. Tansky 2007 1,420,000 108,027 1,458,134 2,160,530 754,000 138,657 6,039,348
President and Chief
Executive Officer
Karen W. Katz 2007 800,000 45,448 791,488 908,960 284,145 93,187 2,923,228
President and Chief
Executive Officer
Neiman Marcus
Stores
James E. Skinner 2007 575,000 25,228 395,744 504,563 100,983 36,038 1,637,556
Senior Vice President
and Chief Financial
Officer
Brendan L. Hoffman 2007 500,000 15,650 395,744 313,000 51,838 26,958 1,303,190
President and Chief
Executive Officer
Neiman Marcus
Direct
James J. Gold 2007 460,000 21,793 395,744 435,850 158,000 476,144 1,947,531
President and Chief
Executive Officer
Bergdorf Goodman
Footnotes:
(1) Performance bonuses for fiscal year 2007 were paid under our bonus plan, referred to as the "bonus plan." In accordance with
SEC requirements, these amounts are reported in the Non-Equity Incentive Plan Compensation column. The amounts reported in
this column represent a discretionary bonus awarded by the Compensation Committee to each of the named executive officers.
(2) Shown is the expense recognized in our financial statements for fiscal year 2007 under SFAS 123(R) for all outstanding option
awards held by each of the named executive officers. This amount is comprised of the portions of the fair values of options
awarded in fiscal year 2005, which were allocated to services provided by the named executive officers in fiscal year 2007. The
assumptions we used in calculating these amounts are incorporated herein by reference to Note 1 to Consolidated Financial
Statements appearing elsewhere in this Annual Report on Form 10-K.
(3) The amounts reported in the Non-Equity Incentive Plan Compensation column reflect the amounts earned and payable to each
named executive officer for fiscal year 2007 under the bonus plan. These amounts are the actual amounts earned under the
awards described in the Fiscal Year 2007 Grants of Plan-Based Awards table on page 66. Payments under the bonus plan were
calculated as described in the Compensation Discussion and Analysis beginning on page 57.
(4) The amounts in this column include the change in the actuarial value of the named executive officers' benefits under The
Neiman Marcus Group, Inc. Retirement Plan and the Supplemental Executive Retirement Plan from July 31, 2006 to July 28,
2007 as follows: $754,000 for Mr. Tansky; $274,000 for Ms. Katz; $98,000 for Mr. Skinner; $51,000 for Mr. Hoffman; and
$158,000 for Mr. Gold. This "change in the actuarial value" is the difference between the fiscal year 2006 and fiscal year 2007
present value of the pension benefits accumulated as of year-end by the named executive officers, assuming that benefit is not
paid until age 65. These amounts were computed using the same assumptions used for financial statement reporting purposes
under FAS 87, Employers' Accounting for Pensions as described in Note 13 to the audited consolidated financial statements on
page F-35 of this Annual Report on Form 10-K.