Family Dollar 2006 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2006 Family Dollar annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 114

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

2006 Summary Compensation Table
The following table sets forth information concerning the compensation earned during fiscal 2006 by the NEOs.
Name and Principal Position Year Salary
($)(1)
Bonus
($)
Stock
Awards
($)(2)
Option
Awards
($)(3)
Non−Equity
Incentive
Plan
Comp−
ensation
(1)(4)
All Other
Comp−
ensation
($)(5) Total ($)
Howard R. Levine
Chairman of the Board and Chief
Executive Officer 2006 728,585 — 499,842 874,617 857,537 99,360(6) 3,059,941
R. James Kelly
President, Chief Operating Officer
and Chief Financial Officer 2006 465,774 — 319,899 659,228 408,950 20,725 1,874,576
Robert A. George
Executive Vice President − Chief
Merchandising Officer 2006 353,711 50,000(7) 116,637 143,327 214,343 41,222 919,240
Charles S. Gibson, Jr.
Executive Vice President − Supply
Chain 2006 308,901 — 99,968 243,574 193,840 15,475 861,758
Janet G. Kelley
Senior Vice President − General
Counsel and Secretary 2006 282,806 — 53,332 206,133 132,771 15,311 690,353
(1) Includes amounts deferred by certain of the NEOs pursuant to the Deferred Compensation Plan.
(2) The amounts shown in this column indicate the dollar amount of compensation cost recognized by the Company in fiscal 2006
pursuant to FAS 123R for PSRs. Pursuant to SEC regulations, the amounts shown exclude the impact of estimated forfeitures
related to service−based vesting conditions. See Note 9 to the Consolidated Financial Statements included in this Report for a
discussion of the relevant assumptions made in these valuations.
(3) The amounts shown in this column indicate the dollar amount of compensation cost recognized by the Company in fiscal 2006
pursuant to FAS 123R for option awards. Pursuant to SEC regulations, the amounts shown exclude the impact of estimated
forfeitures related to service−based vesting conditions. See Note 9 to the Consolidated Financial Statements included in this
Report for a discussion of the relevant assumptions made in these valuations.
(4) Represents amounts earned under the Company’s Incentive Profit Sharing Plan (“Profit Sharing Plan”) in fiscal 2006 but paid in
fiscal 2007. For information regarding the Company’s Profit Sharing Plan, see the discussion in “Compensation Discussion and
Analysis” set forth above.
(5) For each NEO, All Other Compensation for fiscal 2006 included premiums paid for the named executive officers in the
following amounts: (i) $39 for the provision of short term disability insurance coverage, (ii) $2,820 for the provision of long term
disability insurance coverage (except for Ms. Kelley, for whom the premium was $2,655), and (iii) $6,297 for personal umbrella
liability insurance coverage for Mr. Levine. Also includes $25,078 in customary relocation expenses for which Mr. George was
reimbursed in fiscal 2006. For each NEO, this column also includes Company contributions to the 401(k) plan, premiums for
term life insurance (including accidental death and dismemberment coverage), premiums paid for executive disability insurance
coverage and the Company’s Medical Expense Reimbursement Program (“MERP”), as follows:
60
Source: FAMILY DOLLAR STORES, 10−K, March 28, 2007