Baker Hughes 2007 Annual Report Download - page 18

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PROXY STATEMENT
TABLE OF CONTENTS
Proxy Statement....................................................................................................................................................................... 1
Voting Securities ...................................................................................................................................................................... 2
Proposal No. 1, Election of Directors ........................................................................................................................................ 3
Corporate Governance ............................................................................................................................................................ 5
Security Ownership of Management ........................................................................................................................................ 8
Charitable Contributions .......................................................................................................................................................... 9
Compliance with Section 16(a) of the Securities Exchange Act of 1934 ................................................................................... 9
Compensation Discussion and Analysis .................................................................................................................................... 9
Executive Compensation .......................................................................................................................................................... 23
Summary Compensation .................................................................................................................................................... 23
Grants of Plan-Based Awards ............................................................................................................................................. 24
Outstanding Equity Awards at Fiscal Year-End .................................................................................................................... 25
Option Exercises and Stock Vested ..................................................................................................................................... 26
Pension Benefits ................................................................................................................................................................ 26
NonQualified Deferred Compensation ............................................................................................................................... 27
Potential Payments Upon Termination or Change in Control .............................................................................................. 27
Director Compensation ............................................................................................................................................................ 38
Compensation Committee Report ............................................................................................................................................ 39
Compensation Committee Interlocks and Insider Participation ................................................................................................. 39
Audit/Ethics Committee Report ................................................................................................................................................ 39
Proposal No. 2, Ratification of the Company’s Independent Registered Public Accounting Firm ............................................... 40
Fees Paid to Deloitte & Touche LLP ........................................................................................................................................... 40
Proposal No. 3, Approval of the Performance Criteria for Awards Under the 2002 Director & Officer
Long-Term Incentive Plan ................................................................................................................................................... 41
Annual Report ......................................................................................................................................................................... 42
Incorporation by Reference ...................................................................................................................................................... 43
Stockholder Proposals .............................................................................................................................................................. 43
Other Matters .......................................................................................................................................................................... 43
Annex A – Policy for Director Independence, Audit/Ethics Committee Members and Audit Committee Financial Expert........... A - 1
Annex B – Audit/Ethics Committee Charter ............................................................................................................................. B - 1
Annex C – Guidelines for Membership on the Board of Directors ............................................................................................ C - 1
Annex D – Stockholder Communications with the Board of Directors ...................................................................................... D - 1
Annex E – 2002 Director & Officer Long-Term Incentive Plan, as amended .............................................................................. E - 1