American Home Shield 2009 Annual Report Download - page 157

Table of Contents
SUMMARY COMPENSATION TABLE
Name and
Principal
Position
Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)(1)
Non-Equity
Incentive Plan
Compensation
($)
All Other
Compensation
($)(2)
Total
($)
J. Patrick
Spainhour
2009 950,000 0 0 0 628,865 45,527 1,624,392
Chief
Executive
Officer
2008 950,000 0 0 0 793,136 60,686 1,803,822
2007 900,000 0 0 4,251,000 964,800 38,459 6,154,259
Steven J.
Martin
2009 350,000 0 0 0 150,596 8,575 509,171
Senior Vice President
2008 350,000 0 0 0 239,935 8,050 597,985
& Chief Financial
2007 285,381 50,000 0 899,250 438,901 5,850 1,679,382
Officer
Greerson G.
McMullen
2009 405,000 0 0 0 174,262 4,013 583,275
Senior Vice President,
2008 405,000 0 0 0 219,782 154,986 779,768
General
Counsel,
Government
Affairs &
Secretary
Reggie L.
Crenshaw(3)
2009 250,000 0 0 389,600 99,294 87,024 825,918
Senior Vice President—
Innovation & Process
Improvement
Stephen M.
Donly(4)
2009 329,080 0 0 1,712,000 214,945 553,517 2,809,542
President & Chief
Operating Officer,
TruGreen
The amounts in this column reflect the aggregate grant date fair value of stock options granted during the specified years. The assumptions used in the valuation of
awards are disclosed in the Stock-Based Compensation footnote to the audited financial statements for the fiscal year ended December 31, 2009 included in this
Annual Report on Form 10-K.
Amounts in this column for 2009 are detailed in the "All Other Compensation (2009)" table below.
The SEC recently revised the executive compensation rules to require companies to account for stock option awards based on the grant date fair value of such
awards. As discussed above in "Long-Term Incentive Plans—MSIP", Holdings' practice to date has been to offer each Named Executive Officer only one
opportunity to invest in Holdings' common stock and to receive options, and for many of our executives that opportunity was shortly after the Merger in 2007.
Because Mr. Crenshaw received a stock option award in 2009 related to his hiring in 2008, his total compensation made him one of our Named Executive Officers.
Based on performance under the terms of the Annual Bonus Plan, Mr. Donly would have earned $56,917; however, in accordance with Mr. Donly's offer of
employment, his 2009 bonus was guaranteed to be not less than 65 percent of his 2009 annualized salary, then prorated based on his hire date, which equals
$214,945.
(1)
(2)
(3)
(4)
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