WeightWatchers 2003 Annual Report Download - page 42

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Item 11. Executive Compensation
The following table sets forth for the fiscal years ended January 3, 2004, December 28, 2002 and
December 29, 2001 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
Awards, Securities
Twelve Month Period Underlying Options
Compensation (No. Awarded) Weight All Other
Name and principal position Twelve Months Ended Salary Bonus Watchers Int’l Compensation(3)
Linda Huett ........... January 3, 2004 $301,868 $197,000 40,000 $65,509
President and December 28, 2002 $281,076 $399,421 — $55,907
Chief Executive Officer December 29, 2001 $250,016 $425,027 — $93,497
Ann M. Sardini(1) ....... January 3, 2004 $245,662 $161,000 20,000 $44,844
Vice President, December 28, 2002 $155,488 $152,932 100,000 $59,215
Chief Financial Officer
Richard McSorley ....... January 3, 2004 $230,524 $104,000 20,000 $53,310
Chief Operating Officer, December 28, 2002 $215,078 $215,239 — $43,891
NACO December 29, 2001 $192,534 $252,034 282,322 $17,579
Clive Brothers(2) ........ January 3, 2004 $245,698 $151,014 20,000 $44,117
Chief Operating Officer, December 28, 2002 $212,463 $130,432 — $23,235
Europe December 29, 2001 $183,593 $207,651 — $30,872
Robert W. Hollweg ...... January 3, 2004 $189,801 $ 85,800 10,000 $45,500
Vice President, General December 28, 2002 $172,998 $177,226 — $37,336
Counsel and Secretary December 29, 2001 $157,245 $198,058 — $51,705
Scott R. Penn .......... January 3, 2004 $195,665 $ 57,562 10,000 $42,010
Vice President, Australasia December 28, 2002 $139,441 $ 62,188 — $10,900
December 29, 2001 $117,711 $ 94,350 — $25,759
(1) Ms. Sardini joined us on April 25, 2002 and therefore her compensation for 2002 only includes approximately
eight months.
(2) Mr. Brothers resigned as an executive officer effective October 8, 2003.
(3) For the fiscal year ended January 3, 2004, these figures include amounts contributed under our 401(k) savings
plan and our non-qualified executive profit sharing plan of $42,077 for Ms. Huett, $23,857 for Mr. Hollweg,
$21,001 for Ms. Sardini, and $26,746 for Mr. McSorley. Also included are contributions to the U.K. Pension
Plan of $22,113 for Mr. Brothers, and contributions to the Australasia Pension Plan of $27,393 for Mr. Penn,
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.
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