Alaska Airlines and Horizon Air 2007 Annual Report Download - page 15
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ALASKA AIR GROUP, INC.
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS AND PROXY STATEMENT
TABLE OF CONTENTS
ANNUAL MEETING INFORMATION .................................................... 1
QUESTIONS AND ANSWERS ........................................................ 1
BOARD PROPOSAL 1: ELECTION OF DIRECTORS ........................................ 8
BOARD PROPOSAL 2: APPROVE 2008 PERFORMANCE INCENTIVE PLAN ...................... 11
CORPORATE GOVERNANCE ......................................................... 20
Structure of the Board of Directors ............................................... 20
Board and Committee Independence ............................................. 22
Director Nomination Policy ...................................................... 24
Stockholder Communication Policy ............................................... 27
Executive Sessions and Lead Director ............................................ 27
DIRECTOR COMPENSATION ........................................................ 28
CEO AND CFO CERTIFICATIONS ..................................................... 30
CODE OF CONDUCT AND ETHICS .................................................... 30
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS ................................. 30
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE ......................... 31
INDEPENDENT AUDITORS .......................................................... 31
AUDIT COMMITTEE REPORT ........................................................ 32
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ................ 33
COMPENSATION DISCUSSION AND ANALYSIS .......................................... 35
COMPENSATION COMMITTEE REPORT ................................................ 43
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION ..................... 43
SUMMARY COMPENSATION TABLE ................................................... 44
GRANTS OF PLAN-BASED AWARDS ................................................... 46
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END .................................... 48
OPTION EXERCISES AND STOCK VESTED .............................................. 50
PENSION BENEFITS ............................................................... 50
NONQUALIFIED DEFERRED COMPENSATION ............................................ 52
POTENTIAL PAYMENTS UPON CHANGE IN CONTROL ..................................... 52
STOCKHOLDER PROPOSALS 3 THROUGH 5 ............................................ 55
OPPOSING SOLICITATION .......................................................... 62
PARTICIPANTS IN THE SOLICITATION ................................................. 62
REDUCE DUPLICATIVE MAILINGS .................................................... 66
SUBMISSION OF PROPOSALS FOR NEXT ANNUAL MEETING ............................... 66
EXHIBIT A ...................................................................... A-1
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