LEXMARK's CEO RECEIVES $ 3.4Mln SALARY IN 2008

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LEXMARK's CEO RECEIVES $ 3.4Mln SALARY IN 2008

 user 2009-03-13 at 12:20:27 pm Views: 112
  • #21785

    http://www.forbes.com/feeds/ap/2009/03/06/ap6138277.html
    Lexmark chief executive receives $3.4M in 2008
    Paul J. Curlander, the chairman and chief executive of printer maker Lexmark International Inc., received compensation valued at $3.4 million in 2008, down 34 percent from the prior year, according to a regulatory filing on Friday.Curlander, 56, received a base salary of $1 million and other compensation of $75,787. Other compensation included $10,260 in financial planning reimbursement, $5,573 in a tax gross-up for financial planning, $13,800 in a matching contribution under the company’s savings plan and $46,154 for a matching contribution to a retirement plan.He also received stock and option awards valued at nearly $2 million when were granted in February 2008.

    In 2008, Curlander received about $5.2 million in compensation.
    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.In fiscal 2008, the Lexington, Ky.-based company’s income fell 20 percent to $240.2 million, or $2.69 per share, from $300.8 million, or $3.14 per share last year. Revenue fell 9 percent to $4.53 billion from $4.97 billion a year ago.
    Lexmark shares fell about 23 percent during the year.