US Cellular 2008 Annual Report Download - page 47

Executive Vice President and Chief Operating Officer. Jay M. Ellison’s base salary effective March 1,
2007 was $508,464. The range considered to be appropriate for him for 2008 in his capacity as
Executive Vice President and Chief Operating Officer was approximately $435,000 to $645,000 based on
the benchmarking survey discussed above. The median of this range is approximately $530,000.
Mr. Ellison’s base salary was increased to $549,000 or by 8% effective March 1, 2008, reflecting his
rating of far exceeds expectations for the reasons discussed above. The amount reported in the
Summary Compensation Table represents two months at the prior salary and ten months at the new
salary, or a total of $542,244.
Additional significant facts and circumstances that the President and Chairman considered in
determining Jay M. Ellison’s annual cash compensation are as follows: Mr. Ellison’s position and
responsibilities as Executive Vice President and Chief Operating Officer of U.S. Cellular; the length of
time that Mr. Ellison has held this position and his employment by U.S. Cellular since 2000; and the
President’s and Chairman’s subjective views regarding Mr. Ellison’s contributions in such capacity to U.S.
Cellular during that time.
For disclosure purposes, Mr. Ellison’s base salary effective March 1, 2009 was increased to
$565,470. This will be reflected in the Summary Compensation Table in next year’s proxy statement.
Executive Vice President and Chief Technical Officer. Michael S. Irizarry’s base salary effective
March 1, 2007 was $460,000. The range considered to be appropriate for him for 2008 in his capacity as
Executive Vice President and Chief Technical Officer was approximately $360,750 to $487,500 based on
the benchmarking survey discussed above. The median of this range is approximately $419,250.
Mr. Irizarry’s base salary was increased to $496,800 or by 8% effective March 1, 2008, reflecting his
rating of far exceeds expectations for the reasons discussed above. In addition, the base pay increase
for Mr. Irizarry reflects the addition of all Information Systems (IS) responsibilities to his existing
engineering and network operation responsibilities and takes into consideration his performance and
accomplishments since taking on such additional IS responsibilities. The amount reported in the
Summary Compensation Table represents two months at the prior salary and ten months at the new
salary, or a total of $490,667.
Additional significant facts and circumstances that the President and Chairman considered in
determining Michael S. Irizarry’s annual cash compensation are as follows: Mr. Irizarry’s position and
responsibilities as Executive Vice President and Chief Technical Officer of U.S. Cellular; his increased IS
responsibilities; the length of time that Mr. Irizarry has held his position and his employment by U.S.
Cellular since 2002; and the President’s and Chairman’s subjective views regarding Mr. Irizarry’s
contributions in such capacities to U.S. Cellular during that time.
For disclosure purposes, Mr. Irizarry’s base salary effective March 1, 2009 was increased to
$511,704. This will be reflected in the Summary Compensation Table in next year’s proxy statement.
Senior Vice President and Chief Human Resources Officer. Jeffrey J. Childs’ base salary effective
March 1, 2007 was $377,881. The range considered to be appropriate for him for 2008 in his capacity as
Senior Vice President and Chief Human Resources Officer was approximately $280,000 to $385,000
based on the benchmarking survey discussed above. The median of this range is approximately
$330,000. Mr. Childs’ base salary was increased to $408,000 or by 8% effective March 1, 2008, reflecting
his rating of far exceeds expectations for the reasons discussed above. The amount reported in the
Summary Compensation Table represents two months at the prior salary and ten months at the new
salary, or a total of $402,980.
Additional significant facts and circumstances that the President and Chairman considered in
determining Jeffrey J. Childs’ annual cash compensation are as follows: Mr. Childs’ position and
responsibilities as Senior Vice President and Chief Human Resources Officer of U.S. Cellular; the length
of time that Mr. Childs’ has held this position and his employment by U.S. Cellular since 2004; and the
President’s and Chairman’s subjective views regarding Mr. Childs’ contributions in such capacity to U.S.
Cellular during that time.
For disclosure purposes, Mr. Childs’ base salary effective March 1, 2009 was increased to $420,240.
This will be reflected in the Summary Compensation Table in next year’s proxy statement.
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