LEXMARK ANNOUNCES EXECS INCENTIVE PACKAGE

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LEXMARK ANNOUNCES EXECS INCENTIVE PACKAGE

 user 2006-03-30 at 11:45:00 am Views: 40
  • #14999

    Lexmark announces execs’ incentive package
    Lexmark
    International announced its future long-term incentive targets for top
    executives last week. In a filing late Friday with the Securities and
    Exchange Commission, the company disclosed that a board committee had
    decided on the specifics of the 2006-2008 Long-Term Incentive Plan.
    Under the program, top executives will be compensated for their
    performance in achieving operating income and market share goals. The
    targeted bonuses for top executives are: $1.575 million for CEO Paul
    Curlander; $650,000 for Paul Rooke, who heads Lexmark’s Printing
    Solutions and Services Division; $575,000 for Chief Financial Officer
    John Gamble; $550,000 for Najib Bahous, who heads Lexmark’s Consumer
    Printer Division. Each officer could earn up to 2.5 times that target
    amount depending on the achievement of the goals. They could also earn
    only 30 percent of the target amount if the company fails to meet its
    goals.