American Home Shield 2011 Annual Report Download - page 148

Table of Contents
2011 SUMMARY COMPENSATION TABLE
Name and Principal Position Year
Salary
($) Bonus ($)
Stock
Awards
($)(1)
Option
Awards
($)(2)
Non-Equity
Incentive Plan
Compensation
($)
All Other
Compensation
($)(3) Total ($)
Harry J. Mullany 2011 856,482(4) 2,422,662(5) 950,004 3,614,120 427,338 161,140 8,431,746
Chief Executive Officer
J. Patrick Spainhour 2011 246,250(6) 0 0 0 0 739,007 985,257
Former Chief Executive
Officer 2010 976,250 0 0 546,684 666,648 83,938 2,273,520
2009 950,000 0 0 0 628,865 45,527 1,624,392
Roger A. Cregg 2011 206,250(4) 171,918(7) 825,000 1,316,362 83,626 23,135 2,626,291
Chief Financial Officer
David W. Martin 2011 367,800(8) 50,000(9) 0 72,400 162,216 257 652,673
Former interim Chief Financial
Officer; SVP, Controller &
Chief Accounting Officer
Steven J. Martin 2011 151,001(6) 0 0 0 0 620,670 771,671
Former Chief Financial Officer 2010 364,583 0 600,000 0 175,968 8,113 1,148,664
2009 350,000 0 0 0 150,596 8,575 509,171
Thomas G. Brackett 2011 450,833 200,000(10) 0 0 366,238 8,832 1,025,903
President—TruGreen
Thomas J. Coba 2011 40,246(4) 400,000(11) 660,000 585,803 0 24 1,686,073
President—ServiceMaster
Clean, Merry Maids
Charles M. Fallon 2011 37,879(4) 0 759,990 2,148,000 0 19 2,945,888
President—Terminix
The amounts in this column reflect the aggregate grant date fair value of RSUs awarded. The assumptions used in the valuation of RSU awards are disclosed in the
Stock-Based Compensation footnote in the audited financial statements for the fiscal year ended December 31, 2011 included in Item 8 of this Annual Report on
Form 10-K.
The amounts in this column reflect the aggregate grant date fair value of stock options awarded, including the Superperformance Options awarded to Mr. Mullany.
The assumptions used in the valuation of option awards are disclosed in the Stock-Based Compensation footnote to the audited financial statements for the fiscal
year ended December 31, 2011 included in Item 8 of this Annual Report on Form 10-K. In addition, for the Superperformance Options, the likelihood of achieving
the market condition required for vesting was included in the determination of the grant date fair value of the options. Under FASB Accounting Standards
Codification Topic 718, the vesting condition related to the Superperformance Options is considered a market condition and not a performance condition.
Accordingly, there is no grant date fair value in excess of the amount reflected in the table above that could be calculated and disclosed based on achievement of the
market condition.
Amounts in this column for 2011 are detailed in the All Other Compensation (2011) table below.
This salary figure reflects the actual partial year salary paid during 2011 from the NEO's hiring date through the end of the year. The hiring dates of the NEO's hired
in 2011 were as follows: Mr. Mullany—February 22, 2011; Mr. Cregg—August 29, 2011; Mr. Coba—November 28, 2011; Mr. Fallon—December 5, 2011.
This amount represents a sign-on bonus of $1,750,000 paid at the commencement of Mr. Mullany's service with the Company, the guaranteed portion of his ABP
bonus of $500,000 and a discretionary bonus of $172,662. Mr. Mullany earned an ABP bonus for 2011 that exceeded his guaranteed bonus. The remainder of his
ABP bonus earned for 2011 is reported in the "Non-Equity Incentive Plan Compensation" column of this table.
The salaries presented for Messrs. Spainhour and Steven Martin are the actual salaries paid through their departure dates of March 31, 2011 and May 15, 2011,
respectively.
This amount represents a sign-on bonus of $100,000 paid at the commencement of Mr. Cregg's service with the Company and his guaranteed annual ABP bonus of
$71,918 that was provided under the terms of his offer letter. Mr. Cregg earned an ABP bonus for 2011 that exceeded his guaranteed ABP bonus. The remainder of
his ABP bonus earned for 2011 is reported in the "Non-Equity Incentive Plan Compensation" column of this table.
Mr. David Martin's salary includes an additional $70,000 allowance as additional salary for his service as the interim CFO.
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