Ingram Micro 2007 Annual Report Download - page 13

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stock on the day of grant was $21.60. In addition, Dr. Laurance attended 22 meetings in 2007 where he was
entitled to earn meeting fees in the sum of $33,000. Dr. Laurance deferred receipt of all of his cash
compensation and restricted stock units until his retirement from the Board.
(11) Ms. Fayne Levinson was eligible to receive annual Board compensation in the amount of $180,000, of which
she elected $70,000 in cash, $40,000 in stock options and $70,000 in restricted stock units. When Ms. Fayne
Levinson was elected to serve as Chair of the Human Resources Committee on June 6, 2007, she was eligible
to receive an additional $8,750 in cash. The cash portion of Ms. Levinson’s annual Board compensation was
paid in four quarterly installments. In addition, Ms. Levinson attended 20 meetings in 2007 and was paid
$30,000 in meeting fees. Ms. Fayne Levinson elected to defer receipt of her restricted stock units until
December 31, 2009.
(12) Mr. Schulmeyer was eligible to receive annual Board compensation in the amount of $195,000 ($15,000 more
than non-chair Board members due to his service as Chair of the Executive and Finance Committee).
Mr. Schulmeyer elected to receive $85,000 in cash and $110,000 in restricted stock units. The cash portion was
paid in four equal quarterly installments. In addition, Mr. Schulmeyer attended 23 meetings in 2007 and was
paid $34,500 in meeting fees. Mr. Schulmeyer deferred receipt of his restricted stock units until he retires from
the Board.
(13) Mr. Smith was eligible to receive annual Board compensation in the amount of $195,000 ($15,000 more than
non-chair Board members due to his service as Chair of the Human Resources Committee through June 6,
2007 and as Chair of the Governance Committee since June 6, 2007). Mr. Smith elected to receive $85,000 in
cash, $25,000 in stock options and $85,000 in restricted stock. In addition, Mr. Smith attended 28 meetings in
2007 and was paid $42,000 in meeting fees. Mr. Smith deferred receipt of all of his cash compensation until he
retires from the Board.
(14) Mr. Wyatt was eligible to receive annual Board compensation in the amount of $200,000 ($20,000 more than
non-chair Board members due to his service as Chair of the Audit Committee). Mr. Wyatt elected to receive
$90,000 in cash and $110,000 in stock options. The cash portion was paid in four equal quarterly installments.
In addition, Mr. Wyatt attended 27 meetings in 2007 and was paid $40,500 in meeting fees.
Stock Ownership Requirement. Each director is required to achieve and maintain ownership of at least
15,000 shares of our common stock (with vested but unexercised stock options counted as owned shares) beginning
five years from the date of his or her election to the Board. All current directors, with the exception of Ms. Heisz,
who was elected as director effective March 1, 2007, meet this stock ownership requirement. Each director is also
reimbursed for expenses incurred in attending meetings of the Board and Board committees. Each director is also
able to elect to defer his or her cash compensation through a non-qualified deferral plan. Directors who defer cash
compensation may elect to have earnings, or losses, credited to their deferrals as if their deferrals were invested in
the various investment options available under the Company’s Supplemental Investment Savings Plan, a non-
qualified deferred compensation plan. Directors are not credited with “above-market” or “preferential” interest.
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