What is named executive officer compensation?
The NEOs are the Chief Executive Officer, the Chief Financial Officer and the next most highly paid executive officers of the corporation and its subsidiaries whose total compensation, individually, is more than $150,000.
What is the summary compensation table?
The Summary Compensation Table gives an annotation of the compensation that the executives of a company receive. This Table gives a disclosure and detailed information of a company’s compensation practices, it highlights both the highest and lowest paid executives.
What are the requirements for disclosing executive compensation?
You can locate information about executive pay in: (1) the company’s annual proxy statement; (2) the company’s annual report on Form 10-K; and (3) registration statements filed by the company to register securities for sale to the public.
Is general counsel a named executive officer?
A general counsel is considered a more traditional executive role within a company. The main focus of a GC is to manage a company’s legal compliance as well as corporate governance.
What does it mean to be a named executive officer?
Named Executive Officers means the Chief Executive Officer (“CEO”) and the Chief Financial Officer (“CFO”) of the Company, or if the Company does not have a CFO, an individual which acted in a similar capacity, regardless of the amount of compensation of that individual, each of the Company’s three most highly …
What are Section 16 officers?
Section 16 Officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person routinely performing corresponding functions with respect to the Company.
What is named executive officer?
Named Executive Officers means the Chief Executive Officer (“CEO”) of the Company, regardless of the amount of compensation of that individual, each of the Company’s four most highly compensated executive officers, other than the CEO, who were serving as executive officers at the end of the most recent financial year …
Do companies have to disclose executive compensation?
All executive compensation information can be found in public filings with the Securities and Exchange Commission (SEC). The SEC mandates all public companies to disclose how much they are paying their executives, how this amount is derived, and who is involved in determining pay.
What is a named executive officer SEC?
The SEC proposes to define “Named Executive Officers,” for whom the detailed disclosure is required, to consist of the principal executive officer, the principal financial officer and the three most highly compensated executive officers, other than the principal executive officer and the principal financial officer.
How are executives paid?
At most companies, most of a CEO’s pay comes from stock or stock option gains. At investment banks, most of it comes from annual bonuses. Companies that pay the lion’s share of compensation in the form of stock options may pay little or no retirement.
What is a named executive officer?
WHAT’S IN A NAME executive officer?
The term executive officer, when used with reference to a registrant, means its president, any vice president of the registrant in charge of a principal business unit, division or function (such as sales, administration or finance), any other officer who performs a policy making function or any other person who …
What is the director compensation table item 402?
Item 402(k) — Director Compensation Table. 12.01 Consulting arrangements between the registrant and a director are disclosable as director compensation under Item 402(k)(2)(vii), even where such arrangements cover services provided by the director to the issuer other than as director (e.g., as an economist).
When did item 402 of Regulation S-K become effective?
Answer: The interim final rules, which amended the Summary Compensation Table, Grants of Plan-Based Awards Table and Director Compensation Table requirements in Item 402 of Regulation S-K, were effective on December 29, 2006.
Where do I put my salary in item 402?
Answer: Yes, under Instruction 2 to Item 402 (c) (2) (iii) and (iv) the amounts should be disclosed in the Salary or Bonus column, as applicable.
Is the disclosure of executive compensation required under Regulation S-K?
Answer: Yes, in certain cases, depending on a company’s particular circumstances, disclosure may be required as contemplated by Instruction 2 to Item 402 (b) of Regulation S-K. [January 24, 2007]