Symantec 2015 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2015 Symantec 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.

Page out of 174

  • 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
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174

The following table presents each named executive officer’s base salary for fiscal 2015 as compared to fis-
cal 2014:
Name of NEO
Change in
Salary
FY15 Annual
Salary ($) Description
Michael A. Brown .............. n/a 1,000,000(1) Mr. Brown was appointed President and Chief
Executive Officer in September 2014. The
Compensation Committee roughly targeted the
median for CEOs within our peer group and took
into consideration his performance as interim
CEO and leadership experience.
Thomas J. Seifert ............... — 720,000 Mr. Seifert did not receive a base salary increase
in fiscal 2015, as it was deemed effective in con-
tinuing to achieve the Compensation Commit-
tee’s goals for this component of his executive
compensation.
Balaji Yelamanchili ............. n/a 700,000(2) Mr. Yelamanchili was hired as Executive Vice
President and General Manager, Enterprise Secu-
rity in November 2014. The Compensation
Committee deems his salary as competitive and
appropriate for his position.
Scott C. Taylor ................. 36.9% 575,000 Mr. Taylor received a 36.9% increase in base
salary as part of his annual review, and to align
his base salary with approximately the median of
the market based on his experience and con-
tributions.
Francis C. Rosch ............... 10% 440,000(3) Mr. Rosch’s base salary increased by 10% in
connection with his promotion to Executive Vice
President, Norton Business Unit in May 2014.
Former Officer
Stephen E. Gillett ............... — 875,000 Mr. Gillett did not receive a base salary increase
in fiscal 2015.
(1) Mr. Brown received a salary of $100,000 per month until June 1, 2015 when the Board increased his base
salary to $200,000 per month in recognition of his efforts and increased time commitment in his interim
President and Chief Executive Officer role during fiscal 2015. This higher base salary was also designed to
compensate him for serving without any variable compensation or equity award while he served as interim
CEO. Following his appointment as our permanent President and Chief Executive Officer in September
2014, he earned a prorated portion of his $1,000,000 annual base salary for the remainder of fiscal 2015.
(2) Mr. Yelamanchili received a prorated salary of $281,345 based on his period of employment as our Execu-
tive Vice President and General Manager, Enterprise Security.
(3) Mr. Rosch received a prorated salary of $435,923 in fiscal 2015, as his adjusted salary went into effect fol-
lowing the beginning of fiscal 2015.
39