Kodak 2004 Annual Report Download - page 143

Compensation
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SUMMARY฀COMPENSATION฀TABLE
The฀individuals฀named฀in฀the฀following฀table฀are฀the฀Company’s฀CEO฀and฀the฀four฀other฀most฀highly฀compensated฀executive฀officers฀under฀Item฀402(a)(3) of฀
Regulation฀S-K฀during฀2004.฀These฀five฀executive฀officers฀are฀sometimes฀referred฀to฀as฀the฀“named฀executive฀officers”฀in฀this฀Proxy฀Statement.฀The฀
figures฀shown฀include฀both฀amounts฀paid฀and฀amounts฀deferred.
฀Annual฀Compensation฀ Long-Term฀Compensation
฀ Awards฀ Payouts
฀ ฀ ฀ ฀ ฀ Other฀ Restricted฀ Securities
฀ Name฀and฀ ฀ ฀ ฀ Annual฀ Stock฀ Underlying฀ LTIP฀ All฀Other
฀ Principal฀Position฀ Year฀ Salary฀(a)฀ Bonus(b)฀ Compensation(c)฀ Awards(d)฀ Options/SARs(e)฀ Payouts(f)฀ Compensation(g)
฀ D.฀A.฀Carp฀ 2004฀ $1,138,328฀ $2,172,988฀ $฀185,961฀ $฀ 0฀ 108,000฀ $฀ 0฀ $฀ 0฀฀
฀ Chairman฀&฀CEO฀ 2003฀ 1,080,769฀ 1,909,600฀ ฀ 15,916฀ ฀ 0฀ 72,000฀ ฀ 883,670฀ ฀ 0฀฀
฀ ฀ 2002฀ 1,030,769฀ 2,327,325฀ ฀ 31,231฀ ฀ 4,249,010฀ 175,000฀ ฀ 0฀ ฀ 0
฀ A.฀M.฀Perez฀ 2004฀ 1,010,030฀ 1,242,618฀ ฀ 69,240฀ ฀ 0฀ 90,130฀ ฀ 0฀ ฀ 111,208฀฀
฀ President฀&฀COO฀ 2003฀ 648,269฀ 819,000฀ ฀ 18,573฀ ฀ 4,143,500฀ 551,500฀ ฀ 478,899฀ ฀ 26,156
฀ R.฀H.฀Brust฀ 2004฀ 765,631฀ 686,384฀ ฀ —฀ ฀ 0฀ 18,000฀ ฀ 0฀ ฀588,064฀฀
฀ Exec.฀VP฀&฀CFO฀ 2003฀ 676,577฀ 585,446฀ ฀ —฀ ฀ 0฀ 14,400฀ ฀ 368,986฀ ฀ 507,898฀฀
฀ ฀ 2002฀ 635,828฀ 669,240฀ ฀ —฀ ฀ 424,162฀ 42,000฀ ฀ 0฀฀ ฀ 487,768
฀฀ J.฀T.฀Langley฀ 2004฀ 507,846฀ 606,332฀ ฀ —฀ ฀ 0฀ 16,750฀ ฀ 0฀ ฀ 25,021฀฀
฀ Sr.฀VP฀ 2003฀ 155,288฀ 134,947฀ ฀ —฀ ฀ 313,950฀ 13,400฀ ฀ 0฀ ฀ 0
฀ B.฀V.฀Masson฀ 2004฀ 655,248฀ 627,785฀ ฀ —฀ ฀ 0฀ 21,600฀ ฀ 0฀ ฀ 61,911฀฀
฀ Sr.฀VP฀ 2003฀ 480,192฀ 501,783฀ ฀ —฀ ฀ 472,800฀ 14,400฀ ฀ 250,409฀ ฀ 18,394฀฀
฀ ฀ 2002฀ 31,983฀ 30,662฀ ฀ —฀ ฀฀฀฀ 0฀ 23,000฀ ฀ 0฀ ฀ 0
(a)฀฀Twenty-seven฀pay฀periods฀fell฀within฀2004,฀rather฀than฀the฀usual฀26.฀As฀a฀result,฀the฀salary฀amounts฀are฀higher฀than฀they฀otherwise฀would฀be.
(b)฀฀฀฀This฀column฀shows฀Executive฀Compensation฀for฀Excellence฀and฀Leadership฀Plan฀(EXCEL)฀awards฀for฀services฀performed,฀not฀paid,฀in฀each฀year฀indicated.฀For฀J.฀T.฀
Langley฀for฀2003฀and฀2004,฀the฀amounts฀include฀a฀retention฀bonus฀of฀$25,000฀paid฀under฀the฀terms฀of฀his฀August฀12,฀2003฀offer฀letter,฀which฀is฀described฀on฀page฀40;฀
and฀for฀2004฀the฀amount฀includes฀a฀$200,000฀payment฀under฀the฀terms฀of฀the฀individual฀long-term฀bonus฀plan฀contained฀in฀his฀August฀12,฀2003฀offer฀letter.฀For฀B.฀V.฀
Masson฀for฀2003,฀the฀amount฀includes฀a฀one-time฀performance-based฀bonus฀of฀$41,450฀as฀provided฀for฀under฀his฀November฀7,฀2002฀offer฀letter.
(c)฀฀฀฀As฀permitted฀under฀SEC฀rules,฀the฀amounts฀in฀this฀column฀include฀tax฀reimbursements,฀and฀perquisites฀and฀other฀personal฀benefits฀where฀the฀total฀incremental฀cost฀of฀
all฀perquisites฀and฀other฀personal฀benefits฀exceeds฀$50,000฀per฀year.฀Where฀no฀amount฀is฀shown,฀the฀value฀of฀the฀perquisites฀or฀personal฀benefits฀provided฀was฀less฀
than฀the฀minimum฀amount฀required฀to฀be฀reported.
฀ ฀Perquisites฀for฀2004฀are฀valued฀at฀their฀incremental฀cost฀to฀the฀Company.฀The฀incremental฀cost฀to฀the฀Company฀for฀personal฀use฀of฀Company฀aircraft฀is฀calculated฀
based฀on฀the฀direct฀operating฀costs฀to฀the฀Company,฀including฀fuel฀costs,฀FBO฀handling฀and฀landing฀fees,฀vendor฀maintenance฀costs,฀catering,฀travel฀fees฀and฀other฀
miscellaneous฀direct฀costs.฀Fixed฀costs฀that฀do฀not฀change฀based฀on฀usage,฀such฀as฀salaries฀and฀benefits฀of฀crew,฀training฀of฀crew,฀utilities,฀taxes฀and฀general฀mainte-
nance฀and฀repairs,฀are฀excluded.฀The฀amounts฀reported฀for฀2004฀reflect฀a฀change฀in฀valuation฀methodology฀from฀2002฀and฀2003฀in฀which฀the฀cost฀of฀personal฀use฀of฀
Company฀aircraft฀is฀calculated฀using฀the฀Standard฀Industrial฀Fare฀Level฀(SIFL)฀tables฀found฀in฀the฀tax฀regulations.
฀ ฀For฀D.฀A.฀Carp,฀the฀amount฀for฀2004฀includes฀a฀tax฀reimbursement฀of฀$51,828฀due฀to฀income฀attributed฀to฀him฀and฀$121,875฀in฀incremental฀costs฀to฀the฀Company,฀both฀
relating฀to฀his฀use฀of฀Company฀aircraft.฀For฀2003฀and฀2002,฀the฀amounts฀are฀for฀tax฀reimbursements฀relating฀to฀his฀use฀of฀Company฀aircraft.฀The฀Company฀requires฀฀
D.฀A.฀Carp฀to฀use฀Company฀transportation฀for฀security฀reasons.
฀฀ ฀For฀A.฀M.฀Perez,฀the฀amount฀for฀2004฀includes฀additional฀relocation฀expenses฀of฀$19,455฀and฀a฀tax฀reimbursement฀on฀these฀relocation฀expenses฀of฀$2,787,฀and฀
$37,125฀relating฀to฀his฀use฀of฀Company฀aircraft.฀For฀2003,฀the฀amount฀shown฀includes฀a฀tax฀reimbursement฀for฀relocation฀expenses฀paid฀under฀the฀Company’s฀new฀hire฀
relocation฀program฀and฀A.฀M.฀Perez’s฀March฀3,฀2003฀offer฀letter.