*NEWS*LEXMARK:EXECUTIVE COMPENSATION

  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • banner-01-26-17b
  • Print
  • 4toner4
  • ces_web_banner_toner_news_902x1776
  • ncc-banner-902-x-177-june-2017
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • 2toner1-2
Share

*NEWS*LEXMARK:EXECUTIVE COMPENSATION

 user 2007-03-20 at 9:26:00 am Views: 64
  • #17797

    Lexmark: Executive Compensation
    Paul
    J. Curlander, the chairman and chief executive of printer maker Lexmark
    International Inc. received a compensation package valued at $8.2
    million in 2006, the company said in a proxy statement Friday.Curlander
    received a salary of $1 million and non-equity incentive plan
    compensation totaling $1.6 million for the year, according to the
    document filed with the Securities and Exchange Commission. He was also
    awarded $23,992 in other compensation that included $10,946 for
    financial planning reimbursement as well as $500 for a security
    assessment of his residence.Curlander, who has served as chairman and
    CEO since 1999, was also awarded restricted stock and stock options
    valued at $5.5 million on the dates that they were granted.

    In
    addition to his compensation package, Curlander exercised options with
    a total value of $3.7 million during the year.The Associated Press’
    calculations of total pay include executives’ salary, bonus,
    incentives, perks, above-market returns on deferred compensation and
    the estimated value of stock options and awards granted during the
    year. The calculations do not include changes in the present value of
    pension benefits.Lexmark posted a 2 percent decline in its 2006 sales
    in January, and its net income fell 5 percent to $356.3 million. The
    company’s shares gained nearly 63 percent during 2006, to close at
    $73.20 at the end of December.On Friday, the Lexington, Ky., company’s
    shares rose 34 cents, to $59.23 on the New York Stock
    Exchange.Lexmark’s products include laser and inkjet printers and other
    imaging products. It was founded in 1991 as a spinoff of IBM and
    employs about 13,000 people worldwide.