*NEWS*LEXMARK NEW EXECS INCENTIVE PACKAGE

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*NEWS*LEXMARK NEW EXECS INCENTIVE PACKAGE

 user 2006-03-30 at 11:44:00 am Views: 84
  • #15221

    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.