Neiman Marcus 2014 Annual Report Download - page 91
Download and view the complete annual report
Please find page 91 of the 2014 Neiman Marcus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
 |
 |
Table of Contents
The Parent Board sets the compensation for each director who is not an officer of or otherwise employed by us (a non‑executive director).
Non‑executive directors who are employed by Ares or CPPIB or their respective affiliates do not receive compensation for their services as directors.
Ms. Aufreiter and Messrs. Axelrod, Bourguignon and Brotman, and Mr. Gundotra, a former member of the Parent Board, are not employed by Ares or CPPIB
or their respective affiliates and are the only directors who earned compensation for services as a director for fiscal year 2015. Pursuant to board service
agreements entered into between Parent and each of the non‑executive officers, each non‑executive director receives an annual fee of $50,000 for his or her
service as a director on the Parent Board. Such fee will be prorated for the actual number of days served in any quarter and is paid in arrears following the end
of each quarter. The non‑executive directors are also reimbursed for any out‑of‑pocket expenses. Actual fees earned in fiscal year 2015 are set forth in the
Summary Compensation table below.
Nora A. Aufreiter
$ 50,000
—
50,000
Norman H. Axelrod
$ 50,000
—
50,000
Philippe E. Bourguignon
$ 50,000
—
50,000
Adam B. Brotman
$ 50,000
—
50,000
Vic P. Gundotra (2)
$ 50,000
—
50,000
(1) Each director holds 393 time‑vested stock options, of which 79 are vested, and 393 performance‑based stock options, none of which are vested, to
purchase Class A Common Stock and Class B Common Stock at an aggregate exercise price of $1,000 per share of Class A Common Stock and
Class B Common Stock. Mr. Gundrota’s options were forfeited in connection with his resignation from the Parent Board.
(2) Resigned from the Parent Board in July 2015.
90