U-Haul 2004 Annual Report Download - page 49

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Item 11. Executive Compensation
The following Summary Compensation Table shows the annual compensation for Ñscal years 2004, 2003
and 2002 paid to (1) the Company's chief executive oÇcer; and (2) the four most highly compensated
executive oÇcers of the Company, other than the chief executive oÇcer.
Summary Compensation Table
Annual Compensation
All Other
Salary Bonus Compensation
Name and Principal Position Year ($)(1) ($) ($)(2)
Edward J. Shoen ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2004 467,307 3,000 1,987
Chairman of the Board and President 2003 503,708 Ì 334
of AMERCO and U-Haul 2002 503,708 Ì 1,311
Mark V. Shoen ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2004 623,076 3,000 1,987
President of U-Haul 2003 617,308 Ì 334
Phoenix Operations 2002 623,077 Ì 1,311
Ronald C. FrankÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2004 240,852 198,805 1,987
Executive V.P. 2003 237,995 15,704 334
U-Haul Field Operations 2002 188,471 Ì 1,311
Gary B. HortonÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2004 242,308 46,380 1,987
Treasurer of AMERCO and 2003 242,308 40,000 334
Assistant Treasurer of U-Haul 2002 233,655 40,000 1,311
Gary V. KlinefelterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2004 285,581 3,000 1,987
Secretary and General Counsel 2003 251,738 55,000 334
of AMERCO and U-Haul 2002 222,547 67,000 1,311
(1) Includes annual fees paid to Directors of AMERCO and U-Haul.
(2) Represents the value of Common Stock allocated under the AMERCO Employee Savings, ProÑt
Sharing and Employee Stock Ownership Plan.
The annual fee for all services as a director of AMERCO prior to June 4, 2003 was $26,400. EÅective on
that date, the annual fee was increased to $50,000. This amount is paid in equal monthly installments. Audit
Committee members receive an additional $50,000 annual fee. Executive Finance Committee and Compensa-
tion Committee members each receive an additional $20,000 annual fee. Independent Governance Committee
members receive an annual fee of $50,000.
44