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Table of Contents
Compensation Committee Report
The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K
with management and, based on such review and discussions, the Compensation Committee recommended to the Board of Directors that the Compensation
Discussion and Analysis be included in this Annual Report on Form 10-K.
THE COMPENSATION COMMITTEE
Jonathan J. Coslet, Chairman
Kewsong Lee
John G. Danhakl
Summary Compensation Table
The following table sets forth the annual compensation for the President and Chief Executive Officer, the Chief Financial Officer and the three other
most highly compensated executive officers who were serving as executive officers at the end of fiscal year 2013 (referred to as the named executive officers).
Name and
Principal Position
Fiscal
Year
Salary
($)(1)
Bonus
($)(2)
Option
Awards
($)(3)
Non-Equity
Incentive Plan
Compensation
($)(4)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
($)(5)
All Other
Compensation
($)(6)
Total
($)
Karen W. Katz
President and
Chief Executive Officer
2013 1,070,000 —1,379,327 799,667 5,944 719,068 3,974,006
2012 1,070,000 —3,877,404 1,503,992 1,248,121 2,076,088 9,775,605
2011 1,050,000 50,000 3,430,308 1,315,913 363,000 133,238 6,342,459
James E. Skinner
Executive Vice President,
Chief Operating Officer,
and Chief Financial Officer
2013 720,000 —618,319 358,094 2,021 256,828 1,955,262
2012 720,000 —2,095,894 759,024 182,384 1,027,624 4,784,926
2011 700,000 — 1,755,041 650,081 38,000 70,978 3,214,100
James J. Gold
President and Chief
Executive Officer,
Specialty Retail, The
Neiman Marcus Group
2013 770,000 —808,571 227,415 —233,135 2,039,121
2012 770,000 —2,095,894 669,958 278,000 1,088,650 4,902,502
2011 750,000 — 1,755,041 826,200 42,000 664,592 4,037,833
John E. Koryl
President, Neiman Marcus
Direct
2013 512,000 54,992 523,193 320,008 —29,261 1,439,454
2012 500,000 —3,439,457 334,581 —325,523 4,599,561
2011 — — — — — — —
Joshua G. Schulman
President, Bergdorf
Goodman
2013 500,000 40,502 380,504 59,498 —8,215 988,719
2012 117,308 —2,171,464 — — 527 2,289,299
2011 — — — — — — —
(1) Mr. Koryl was hired in June 2011 and Mr. Schulman was hired in May 2012.
(2) The amount for Mr. Koryl for fiscal year 2013 represents a discretionary bonus awarded for his efforts in implementing strategic enhancements to the e-commerce channel. The
amount for Mr. Schulman for fiscal year 2013 represents a discretionary bonus awarded for his efforts in achieving extraordinary sales and development of his senior team. The
amount shown for Ms. Katz for fiscal year 2011 represents a one-time bonus payable in connection with the terms of her employment contract.
(3) The amounts reflect the aggregate grant date fair value for the awards computed in accordance with ASC Topic 718.
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