American Home Shield 2011 Annual Report Download - page 142

Table of Contents
2011 ABP Performance
Participating NEO
Target
% of
Salary
% of
ServiceMaster
Target ACOP
Attained
% of
ServiceMaster
Target
Revenue
Attained
% of
ServiceMaster
Target Cash
Flow Attained
Business
Unit
% of
Business
Unit
Target
ACOP
Attained
% of
Business
Unit
Target
Revenue
Attained
% of
Business
Unit
Target
Cash
Flow
Attained
% of
Target
Bonus
Earned
Harry J. Mullany 100.0% 102.4% 98.0% 103.9%Corporate N/A N/A N/A 108.1%
Roger A. Cregg 70.0% 102.4% 98.0% 103.9%Corporate N/A N/A N/A 108.1%
David W. Martin(1) 50.0% 102.4% 98.0% 103.9%Corporate N/A N/A N/A 108.1%
Thomas G.
Brackett(2) 65.0% 102.4% N/A N/A Terminix 104.2% 98.3% 102.6% 106.3%
During the year, Mr. David Martin was appointed to the role of interim CFO, as of April 29, 2011. In connection with such appointment he received, in addition to
his base salary, an additional $10,000 per month, with a guaranteed minimum of $70,000 total, during his tenure in this interim role through August 28, 2011.
Mr. David Martin also received an increase in his bonus target under the 2011 ABP to 65 percent from 50 percent of his base salary during his tenure in this interim
role, with a guaranteed minimum incremental bonus award of $50,000.
Mr. Brackett transitioned from leading Terminix to TruGreen on December 5, 2011 and as such was measured on the results of Terminix for all of 2011.
(1)
(2)
2011 ABP Payments
The following table sets forth information regarding the ABP payments to the participating NEOs.
Participating NEO
% of Salary
Paid at Target
Performance
Base
Salary
Actual % of
Target Achieved
Total
Bonus
Award
Harry J. Mullany(1) 100.0% $ 1,000,000 108.1% $ 927,338
Roger A. Cregg(1) 70.0% $ 600,000 108.1% $ 155,544
David W. Martin(2) 50.0% $ 300,000 108.1% $ 212,216
Thomas G. Brackett 65.0% $ 530,000 106.3% $ 366,238
Messrs. Mullany and Cregg joined the company during 2011 and as such received a pro-rated total bonus award based on the
number of days employed by the Company during 2011. Although not applicable due to the Company's performance in 2011,
Messrs. Mullany and Cregg were guaranteed minimum bonuses under the ABP of $500,000 and $71,918, respectively. Both
Messrs. Mullany and Cregg earned bonuses for 2011 that exceeded their guaranteed bonuses. The guaranteed portion of the
2011 ABP payments for these officers are included in the Summary Compensation Table in the "Bonus" column.
During the year, Mr. David Martin was appointed to the role of interim CFO, as of April 29, 2011. In connection with such
appointment he received, in addition to his base salary, an additional $10,000 per month, with a guaranteed minimum of
$70,000 total, during his tenure through August 28, 2011. Mr. David Martin also received an increase in his bonus target under
the 2011 ABP to 65 percent from 50 percent of his base salary during his tenure in this interim role, with a guaranteed
minimum incremental bonus award of $50,000.
(1)
(2)
Discretionary Bonuses
For 2011, the Board approved discretionary bonuses for Messrs. Mullany and Brackett. Mr. Mullany received a discretionary bonus of $172,662 for his
strategic and operational leadership from his hire date in February. As CEO, Mr. Mullany developed and implemented a strategic planning process for the
Company, created a vision and mission for the Company, built a leadership team that is highly engaged and has overseen the Company when it produced the
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