XM Radio 2013 Annual Report Download - page 40

Summary Compensation Table
The following table provides information concerning total compensation earned by or paid to our Chief
Executive Officer, our Chief Financial Officer and our three other most highly compensated executive officers
who served in such capacities as of December 31, 2013 for services rendered to us during each of the past three
fiscal years. These five officers are referred to herein as the “named executive officers.”
Name and Principal Position Year
Salary
$
Bonus
$
Stock
Awards(1)
$
Option
Awards(1)
$
All Other
Compensation(2)
$
Total
$
James E. Meyer .................... 2013 1,468,590 4,720,000 3,249,998 13,568,656 58,063 23,065,307
Chief Executive Officer 2012 1,107,692 2,000,000 — — 205,295 3,312,987
2011 1,100,000 1,750,000 — — 236,221 3,086,221
Scott A. Greenstein ................. 2013 1,224,520 1,700,000 1,000,002 6,500,000 7,650 10,432,172
President and Chief
Content Officer
2012 1,000,000 1,375,000 — — 7,500 2,382,500
2011 1,000,000 1,250,000 — — 7,350 2,257,350
Stephen R. Cook(3) ................. 2013 518,583 950,000 1,000,000 4,400,000 7,650 6,876,233
Executive Vice President,
Sales and Automotive
2012 450,000 475,000 — 923,904 7,500 1,856,404
2011 434,536 430,000 — 846,635 7,350 1,718,521
David J. Frear ...................... 2013 850,000 1,450,000 — — 7,650 2,307,650
Executive Vice President
and Chief Financial Officer
2012 850,000 1,200,000 — — 7,500 2,057,500
2011 795,833 1,100,000 — 18,895,552 7,350 20,798,735
Enrique Rodriguez(4) ................ 2013 531,827 950,000 1,000,000 4,400,000 47,987 6,929,814
Executive Vice President,
Operations and Products
2012 93,782 200,000 — 1,099,512 — 1,393,294
2011 — — — — — —
(1) The aggregate grant date fair value of stock option and restricted stock unit awards were computed in
accordance with Financial Accounting Standards Board (“FASB”) Accounting Standard Codification
(“ASC”) Topic 718 (excluding estimated forfeitures). The assumptions used in the valuation are discussed
in Note 15 to our audited consolidated financial statements in our Annual Report on Form 10-K for the year
ended December 31, 2013.
(2) For each named executive officer, with the exception of Mr. Rodriguez, the amount in the “All Other
Compensation” column for 2013 reflects $7,650 of matching contributions by us under the Sirius XM Radio
Inc. 401(k) savings plan.
In addition to $7,650 of matching contributions by us under the Sirius XM Radio Inc. 401(k) savings plan,
“All Other Compensation” for Mr. Meyer includes amounts reimbursed for temporary living and travel
expenses, all of which were reimbursed based upon receipts. In 2013, Mr. Meyer was paid $20,000 for rent,
$7,256 for travel, and $637 for utilities. Travel-related expenses include airfare, taxi/car services, and other
incidental travel-related costs. In addition, in 2013 “All Other Compensation” for Mr. Meyer includes
$22,520 for reimbursement of taxes associated with these expenditures in accordance with his previous
employment agreement. Mr. Meyer entered into a new employment agreement in 2013 which eliminated
our obligation to reimburse him for the reasonable costs of an apartment in the New York metropolitan area
and other incidental living expenses, and for the reasonable costs of coach class airfare from his homes to
our offices in New York City. That agreement also released us from our future obligation to pay Mr. Meyer
an additional amount to hold him harmless as a result of any federal, state or New York City income taxes
imputed in respect of the expenses for which he receives reimbursement.
“All Other Compensation” for Mr. Rodriguez also includes amounts reimbursed for travel expenses, meals
and lodging, all of which were reimbursed based upon receipts. In 2013, Mr. Rodriguez was reimbursed
$39,580 for travel and $8,407 for meals and lodging. Travel-related expenses include airfare, taxi and car
services, and other incidental travel-related costs.
(3) Mr. Cook became an executive officer in August 2013 upon his promotion to Executive Vice President,
Sales and Automotive.
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