Proxy released 3/11/2015
If early proxies are an indication, CEO salary increases are a theme this year. On July 1, 2014, CEO Moghadam received a $100,000 salary increase. His bonus was also up, but the company provides a clear table that includes key performance measures, target, actually enabling shareholders to get a clearer understanding of compensation. The CEO exchanged 100% of his bonus for shares, as he has done for the last three years. Some shareholders may have concern that the incentive to do so – the value of equity awards is equal to 125% of the exchanged bonus – may be overgenerous.