WeightWatchers 2002 Annual Report Download - page 40

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Item 11. Executive Compensation
The following table sets forth for the fiscal years ended December 28, 2002 and December 29,
2001 and the twelve months ended December 30, 2000 the compensation paid to our President and
Chief Executive Officer and to each of the next four most highly compensated executive officers whose
total annual salary and bonus was in excess of $100,000.
Summary Compensation Table
Long-term
Compensation
Twelve Month Awards, Securities
Period Underlying Options
Compensation
Twelve Months (No. Awarded) All Other
Name and principal position Ended Salary Bonus Weight Watchers Int’l Compensation(4)
Linda Huett ............... December 28, 2002 $281,076 $399,421 —$55,907
President and Chief Executive December 29, 2001 250,016 425,027 —93,497
Officer December 30, 2000(3) 236,565 283,351 141,161 84,531
Ann M. Sardini(1) ........... December 28, 2002 155,488 152,932 100,000 59,215
Vice President, Chief Financial
Officer
Richard McSorley(2) ......... December 28, 2002 215,078 215,239 —43,891
Chief Operating Officer, NACO December 29, 2001 192,534 252,034 282,322 17,579
Clive Brothers .............. December 28, 2002 212,463 130,432 —23,235
Chief Operating Officer, Europe December 29, 2001 183,593 207,651 —30,872
December 30, 2000(3) 170,148 154,215 — 29,639
Robert W. Hollweg .......... December 28, 2002 172,998 177,226 —37,336
Vice President, General Counsel December 29, 2001 157,245 198,058 —51,705
and Secretary December 30, 2000(3) 142,510 100,013 — 43,519
(1) Ms. Sardini joined us on April 25, 2002 and therefore her compensation for 2002 only includes approximately
eight months.
(2) Mr. McSorley joined us on January 16, 2001.
(3) Effective April 30, 2000, we changed our fiscal year end from the last Saturday in April to the Saturday closest
to December 31. To accurately reflect annual compensation, the compensation reported for the twelve months
ended December 30, 2000 has been derived from the compensation for the eight months ended December 30,
2000, plus the compensation for the four months ended April 29, 2000.
(4) For the fiscal year ended December 28, 2002, these figures include amounts contributed under our 401(k)
savings plan and our non-qualified executive profit sharing plan of $42,366 for Ms. Huett, $28,652 for
Mr. Hollweg, $13,217 for Ms. Sardini, and $34,027 for Mr. McSorley. Also included are contributions to the
U.K. Pension Plan of $19,029 for Mr. Brothers, as well as auto lease expense for named executives.
In December 1999, our board of directors adopted our 1999 Stock Purchase and Option Plan
under which selected employees are afforded the opportunity to purchase shares of our common stock
and/or were granted options to purchase shares of our common stock. The number of shares available
for grant under this plan is 7,058,040 shares of our authorized common stock.
The following table sets forth information regarding options granted during the fiscal year ended
December 28, 2002 to the named executive officers under our stock purchase and option plan.
33