Atari 2011 Annual Report Download - page 27

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
27
Compensation, stock options and free shares granted to each executive corporate officer
(€ thousands)
Fiscal Year
2009/2010 Fiscal Year
2010/2011
**
Compensation due for the year* NA 841
Value of stock options granted during the fiscal year NA -
Value of performance shares granted during the fiscal year NA -
Compensation due for the year* 549.3 749.4
Value of stock options granted during the fiscal year 3 264.6 -
Value of performance shares granted during the fiscal year - -
Compensation due for the year 647.7 NA
Value of stock options granted during the fiscal year - NA
Value of performance shares granted during the fiscal year - NA
Compensation due for the year 430.9 NA
Value of stock options granted during the fiscal year - NA
Value of performance shares granted during the fiscal year - NA
** Mr. Wilson salary base is in US dollars. €/USD exchange rate used for this table is the one used for FY 10/11 closing.
David Gardner, Chief Executive Officer until December 10, 2009
Phil Harrison, Chief Operating Officer until May 25, 2009
Jeff Lapin, Chief Executive Officer from Dec. 10, 2009 to Dec. 23, 2010
*Variable compensation to be paid in fiscal year 2011/2012
Jim Wilson, Chief Executive Officer since Dec. 23, 2010, COO from Oct. 25, 2010 until Dec. 23, 2010 - CEO of Atari
Inc. before
Summary of amounts due and paid to each executive corporate officer
(€ thousands) - gross amount Amount due Amount paid Amount due Amount paid
Fixed compensation NA NA 335.5 335.5
Variable compensation (1) NA NA 373.6 195.5
Special compensation NA NA 132 132
Directors' fees NA NA - -
Benefits in kind NA NA - -
Total NA NA 841.0 662.9
Fixed compensation 400.0 400.0 291.7 291.7
Variable compensation 140.0 - - 140.0
Special compensation - - 458 458
Directors' fees 9.3 - -
Benefits in kind - - - -
Total 549.3 400.0 749.4 889.4
Jim Wilson, Chief Executive Officer since Dec. 23, 2010, COO from Oct. 25, 2010 until Dec. 23, 2010, CEO of Atari Inc. before (2)
(2) Mr. Wilson salary base is in US dollars. €/USD exchange rate used for this table is the one used for FY 10-11 closing
(1) Not approved as of March 31, 2011
Jeff Lapin, Chief Executive Officer from Dec. 10, 2009, COO from May 25, 2009 until Dec. 10, 2009
Fiscal Year 2009/2010 Fiscal Year 2010/2011 (1)
NB. All compensation referred to in this table was paid either directly by the Company or indirectly by its Atari Europe or Atari Inc.
subsidiaries.
(1) At the May 13, 2010 Board meeting, Atari’s Board of Directors approved a $523,108 (estimated at approx. €373,600 applying
a 1.4 €/$ exchange rate) variable compensation for Mr. Wilson based on the achievement of specific performance criteria.
STOCK OPTION PLANS
Under each of the plans, the exercise price set by the Board of Directors on the date options are granted carries no
discount to the price of shares. It corresponds to the shares’ average price over the twenty trading days immediately
preceding the date of the Board of Directors’ meeting. Options expire eight years from their grant date and can generally
be exercised only after a vesting period of one to four years from their grant date. In France, beneficiaries of stock
options must hold on to the shares for which they are exercised until four years after the grant date.
RESTRICTIONS ON THE SALE OF SHARES BY OFFICERS AND DIRECTORS
In accordance with applicable regulations, since 2007/2008, the Board of Directors has adopted rules restricting the sale
of shares for CEO. On May 25, 2009, the Board of Directors attributed to Mr. Wilson 300,000 stock options with an
exercise price of €5.17 euro per stock. Following the financial transaction on January 2010, the number and the exercise
price have been adjusted to 326,174 and €4.76 respectively. These options are subject to the achievement of
performance criteria. The Board decided that the CEO will have to maintain throughout the duration of his mandate at
least 15% of the vested stocks resulting from the exercise of these stock options
.