Redbox 2008 Annual Report Download - page 92

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Report on Top Management Compensation (for companies with $250 million to $1 billion in revenues) and the
proxy data for the following West Coast companies:
AMIS Holdings, Inc. IHS, Inc.
Bally Technologies, Inc. Intersil Corporation
bebe stores, inc. Itron, Inc.
Brocade Communication Systems, Inc. Nautilus, Inc.
Charlotte Russe Holding, Inc. Netflix, Inc.
Coherent, Inc. Oakley, Inc.
Coldwater Creek Inc. Pinnacle Entertainment, Inc.
Euronet Worldwide, Inc. Polycom, Inc.
FLIR Systems, Inc. Resmed, Inc.
Getty Images, Inc. Resources Connection, Inc.
Global Cash Access Holdings, Inc. Sterling Financial Corporation
Gottschalks Inc. WMS Industries Inc.
Elements of Compensation
Elements of In-Service Compensation and Benefits
Compensation paid to our executive officers in 2008 consisted of the following components: base salary, short-
term (cash) incentives, long-term (equity) incentives and other benefits. We pay base salaries in order to attract and
retain executives as well as to provide a base of cash compensation for employment for the year. We pay short-term
incentives to reward executive officers for individual and team performance and for achieving key measures of
corporate performance. We pay long-term incentives in order to retain executives as well as to align the interests of
executives directly to the long-term interests of our stockholders.
Base Salary. Base salaries for our executive officers are determined by evaluating the following factors:
the responsibilities of the position;
the strategic value of the position;
the experience and skills of the individual filling the position; and
market data for comparable positions in peer group companies.
Base salaries are reviewed annually and are effective January 1 of the new fiscal year. The Committee may
adjust base salaries from time to time to recognize changes in individual performance, promotions and competitive
compensation levels.
In February 2008, the Committee established 2008 base salaries for the Named Executive Officers who were
employees at that time, as follows:
Named Executive Officer
2008 Base
Salary
Percentage
Increase Over
2007 Base
Salary
David W. Cole ............................................ $475,000 0%
Brian V. Turner ............................................ 364,000 0%
Donald R. Rench . . ........................................ 247,503 10%
Alexander C. Camara ....................................... 245,003 0%
James C. Blakely . . ........................................ 262,005 0%
Mr. Rench received a 10% increase in base salary from 2007 to 2008 in order to adjust his base salary closer to
the 50th percentile range of other general counsels at our peer group companies. The Committee did not increase
base salaries for our other Named Executive Officers because it believed that the base salaries were generally
10