HR Block 2005 Annual Report Download - page 45

SUMMARY COMPENSATION TABLE ⬎⬎⬎
The following table sets forth for the fiscal year ended April 30, 2005 and for the two previous fiscal years the annual, long-term and
other compensation paid to the Chief Executive Officer of the Company and to each of the four highest paid executive officers of the
Company (other than the Chief Executive Officer) who was serving as an executive officer of the Company at the end of such year. The
information provided with respect to restricted shares and options does not reflect the two-for-one stock split effective August 22, 2005.
Annual Compensation Long-Term Compensation Awards
Name and Other Annual Restricted Securities LTIP All Other
Principal Fiscal Compensation Stock Underlying Payouts Compensation
Position Year Salary ($) Bonus ($) ($)(1) Award(s)($)(2) Options (#) ($) ($)(3)
Mark A. Ernst, 2005 816,250 394,292 1,509 714,975 110,000 -0- 81,200
Chairman of the Board, 2004 768,750 865,447 1,574 432,500 110,000 -0- 90,958
President and Chief 2003 741,667 734,063 -0- -0- 120,000 -0- 60,470
Executive Officer
Robert E. Dubrish, 2005 472,372 203,432 42 309,823 85,000 -0- 42,572
President and Chief 2004 450,000 438,681 40 229,981 90,000 -0- 66,097
Executive Officer, Option 2003 425,000 414,375 40 139,511 90,000 -0- 29,676
One Mortgage Corporation
Jeffery W. Yabuki, 2005 465,000 143,585 1,033 309,823 85,000 -0- 43,720
Executive Vice President 2004 437,500 383,133 1,482 216,250 90,000 -0- 51,290
and Chief Operating Officer 2003 416,667 352,219 1,440 -0- 90,000 -0- 37,268
Steven Tait 2005 429,794 357,095 42 238,325 35,000 -0- 29,642
President, RSM McGladrey 2004 400,000 217,008 272 -0- 40,000 -0- 22,216
Business Services, Inc. 2003 33,333 -0- -0- 321,375 50,000 -0- 20
Nicholas J. Spaeth 2005 400,000 101,533 -0- 238,325 35,000 -0- 44,182
Senior Vice President 2004 100,000 300,000 1,982 1,159,800 200,000 -0- 3,921
and Chief Legal Officer 2003 -0- -0- -0- -0- -0- -0- -0-
NOTES:
(1) For fiscal year 2005, (a) the $1,509 figure represents the dollar value of tax 쐍Steven Tait – For fiscal year 2005, 7,000 shares granted on June 30, 2004,
preparation and advice provided by the Company to Mr. Ernst; (b) the $42 figure valued at $47.665 per share. As of April 30, 2005, Mr. Tait held 7,500
represents payment by the Company for participation by Mr. Dubrish in the restricted shares with a value of $373,575. Mr. Tait received dividends
Company’s group legal plan; (c) the $1,033 figure represents the dollar value of totaling $7,600 on the restricted shares during fiscal year 2005.
tax preparation and advice provided by the Company to Mr. Yabuki; and (d) the 쐍Nicholas J. Spaeth – For fiscal year 2005, 5,000 shares granted on June 30,
$42 figure represents payment by the Company for participation by Mr. Tait in the 2004, valued at $47.665 per share. As of April 30, 2005, Mr. Spaeth held
Company’s group legal plan. 25,000 restricted shares with a value of $1,245,250. Mr. Spaeth received
(2) Restricted shares of the Company’s common stock granted pursuant to the dividends totaling $20,500 on the restricted shares during fiscal year 2005.
Company’s Long-Term Executive Compensation Plan. The awards shown represent (3) For fiscal year 2005, these figures include the following: (a) the Company’s
grants of restricted shares valued as of the date of the grant. Dividends are paid on matching contributions under the Company’s Deferred Compensation Plan for
the restricted shares as when dividends are paid on the Company’s Common Executives (‘‘DCP’’) of $72,961 (Mr. Ernst), $34,476 (Mr. Dubrish), $31,657
Stock. The restricted shares vest in one-third annual increments beginning one (Mr. Yabuki), $20,975 (Mr. Tait), and $28,083 (Mr. Spaeth); (b) the Company’s
year after the grant date. matching contributions under the H&R Block Retirement Savings Plan (‘‘RSP’’) of
쐍Mark A. Ernst – For fiscal year 2005, 15,000 shares granted on June 30, $5,500 (Mr. Ernst), $4,994 (Mr. Dubrish), $10,631 (Mr. Yabuki), $6,089 (Mr. Tait)
2004, valued at $47.665 per share. As of April 30, 2005, Mr. Ernst held and $11,083 (Mr. Spaeth); (c) the insurance premiums paid by the Company with
22,880 restricted shares with a value of $1,139,653. Mr. Ernst received respect to term life insurance maintained by the Company for the benefit of each
dividends totaling $17,588 on the restricted shares during fiscal year 2005. of the named executive officers of $1,254 (Mr. Ernst), $1,957 (Mr. Dubrish), $714
쐍Robert E. Dubrish – For fiscal year 2005, 7,000 shares granted on June 30, (Mr. Yabuki), $673 (Mr. Tait), and $635 (Mr. Spaeth); and (d) the economic value
2004, valued at $47.665 per share. As of April 30, 2005, Mr. Dubrish held of the death benefit provided by the Company’s Executive Survivor Plan (‘‘ESP’’) of
13,258 restricted shares with a value of $660,381. Mr. Dubrish received $1,485 (Mr. Ernst), $1,325 (Mr. Dubrish), $719 (Mr. Yabuki), $1,905 (Mr. Tait) and
dividends totaling $10,793 on the restricted shares during fiscal year 2005. $4,380 (Mr. Spaeth). The imputed income reported from the ESP represents the
쐍Jeffery W. Yabuki – For fiscal year 2005, 8,000 shares granted on June 30, portion of the premium paid by the Company pursuant to the ESP that is
2004, valued at $47.665 per share. As of April 30, 2005, Mr. Yabuki held attributable to term life insurance coverage for the executive officer. The ESP
10,747 restricted shares with a value of $535,308. Mr. Yabuki received provides only an insurance benefit with no cash compensation element to the
dividends totaling $ $8,457 on the restricted shares during fiscal year 2005. executive officer.
H&R BLOCK 2005 Proxy Statement
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