| | | | | 1 | | | |
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| | | | | 12 | | | |
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| | | | | 35 | | | |
| | | | | 36 | | | |
| | | | | 36 | | | |
| | | | | 37 | | | |
| | | | | 37 | | | |
| | | | | 37 | | |
| | |
Number of Shares
|
| |
Percent of Class
|
| ||||||||||||||||||
Name
|
| |
Class A
|
| |
Class B
|
| |
Class A
|
| |
Class B
|
| ||||||||||||
Catherine A. Bobinski
|
| | | | 14,551(1)(2)(3) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Clarke R. Brown, Jr.
|
| | | | 5,884(2) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Samuel D. Bush
|
| | | | 25,119(2)(3) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Edward K. Christian
|
| | | | 3,155(3) | | | | | | 937,641(4) | | | | | | * | | | | | | 100.0% | | |
Timothy J. Clarke
|
| | | | 3,657(2) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Roy F. Coppedge III
|
| | | | 3,878(2) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Christopher S. Forgy
|
| | | | 5,638(2)(3) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Warren S. Lada
|
| | | | 21,364(2) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Marcia K. Lobaito(5)
|
| | | | 16,915(2)(3)(6) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
G. Dean Pearce
|
| | | | 1,168(2) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Gary G. Stevens
|
| | | | 10,811(2) | | | | | | 0 | | | | | | * | | | | | | n/a | | |
Michael J. Bergner
|
| | | | 0 | | | | | | 0 | | | | | | * | | | | | | n/a | | |
All directors, nominees and executive officers as a group (12 persons)
|
| | | | 112,140(7) | | | | | | 937,641(4) | | | | | | 2.2% | | | | | | 100.0% | | |
TowerView LLC
|
| | | | 1,161,800(8) | | | | | | 0 | | | | | | 23.0% | | | | | | n/a | | |
T. Rowe Price Associates, Inc.
|
| | | | 557,967(9) | | | | | | 0 | | | | | | 11.1% | | | | | | n/a | | |
FMR LLC
|
| | | | 525,385(10) | | | | | | 0 | | | | | | 10.4% | | | | | | n/a | | |
Dimensional Fund Advisors LP
|
| | | | 411,627(11) | | | | | | 0 | | | | | | 8.2% | | | | | | n/a | | |
BlackRock, Inc.
|
| | | | 320,154(12) | | | | | | 0 | | | | | | 6.4% | | | | | | n/a | | |
Kennedy Capital Management, Inc.
|
| | | | 416,565(13) | | | | | | 0 | | | | | | 8.3% | | | | | | n/a | | |
Name and Age
|
| |
Principal Occupation During the Past Five Years
|
| |
Director Since
|
| | ||
Directors to be elected by holders of Class A Common Stock: | | | | | | | | |||
Roy F. Coppedge III, 73
|
| |
Senior Advisor, BV Investment Partners (formerly Boston Ventures Management) from 2012 to 2017. From 1983 to 2012, Mr. Coppedge was Managing Director of BV Investment Partners.
We believe that Mr. Coppedge’s qualifications to sit on our Board include his more than twenty-five years in the private equity investment industry, primarily at a firm that has made investments in seventy-eight private companies that have operated in the specific industries: media, communications, broadcasting, entertainment, and information and business services.
|
| |
June 2013
|
| | ||
Michael J. Bergner, 62 | | | President and Founder, Bergner & Co. from 1991 to present. From 1987 to 1991, Mr. Bergner was an Associate at Laure Media Brokers. | | |
—
|
| | ||
| | | We believe that Mr. Bergner’s qualifications to sit on our Board include his more than thirty-four years of professional service in the media brokerage industry, including his thirty years as President and Founder of Bergner & Co., a leading media brokerage firm in the U.S. specializing in radio, with additional expertise in TV, towers, print and digital. | | | | | |
Name and Age
|
| |
Principal Occupation During the Past Five Years
|
| |
Director Since
|
| | ||
Directors to be elected by holders of Class A and Class B Common Stock, voting together: | | | | | | | | |||
Edward K. Christian, 76
|
| | President, CEO and Chairman of Saga Communications, Inc. and its predecessor since 1986. | | |
March 1992
|
| | ||
| | | We believe that Mr. Christian’s qualifications to sit on our Board include his more than fifty years of professional service in the broadcast industry, including his more than thirty-five years as our founder and our Chairman, CEO, and President. | | | | | | ||
Gary G. Stevens, 81 | | |
Managing Director, Gary Stevens & Co. (a media broker) since 1988. From 1977 to 1985, Mr. Stevens was Chief Executive Officer of the broadcast division of Doubleday & Co. From 1986 to 1988, Mr. Stevens was a Managing Director of the then Wall Street investment firm of Wertheim, Schroder & Co.
We believe that Mr. Stevens’ qualifications to sit on our Board include his more than fifty years in the broadcast industry, including eight as chief executive officer of a major broadcast group. In addition, his experience as a managing director of an investment firm and his knowledge of capital and finance are of significant value to the Company.
|
| |
July 1995
|
| | ||
Clarke R. Brown, Jr., 80
|
| |
Retired; President of Jefferson-Pilot Communications Company from 1991 to June 2005.
We believe that Mr. Brown’s qualifications to sit on our Board include his thirty-eight years in the broadcast industry, including fourteen years as President of the radio division of a then-public company.
|
| |
July 2004
|
| | ||
Warren S. Lada, 66 | | |
Retired; Chief Operating Officer of the Company from March 2016 to June 30, 2018. Mr. Lada began his broadcast career in 1976 and served in various capacities for several broadcast companies before joining Saga in 1991. He initially served as General Manager of WAQY, Rock 102 in Springfield, MA and Regional Vice President for Saga Communications of New England. Mr. Lada held several positions during his twenty-seven years with the Company.
We believe that Mr. Lada’s qualifications to sit on our Board include his twenty-seven years in the broadcast industry working for the Company, including over two years as Chief Operating Officer of the Company.
|
| |
May 2018
|
| | ||
Timothy J. Clarke, 76 | | |
President and Owner, Clarke Company from 1987 to present. Mr. Clarke is also the Chairman of Gulfside Bank, a full service community bank in Sarasota, Florida.
We believe that Mr. Clarke’s qualifications to sit on our Board include his more than twenty-five years in the advertising and public relations industry, including twenty as president of a full service advertising and public relations agency servicing markets that included radio and television, as well as his involvement in the startup and management of three community banks.
|
| |
December 2013
|
| |
Fee Category
|
| |
2020 Fees
|
| |
2019 Fees
|
| ||||||
Audit fees
|
| | | $ | 280,000 | | | | | $ | 280,740 | | |
Audit-related fees
|
| | | $ | 15,000 | | | | | $ | 19,633 | | |
Tax fees
|
| | | $ | 44,694 | | | | | $ | 41,800 | | |
All other fees
|
| | | $ | — | | | | | $ | — | | |
Total fees
|
| | | $ | 339,694 | | | | | $ | 342,173 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary(1)
$ |
| |
Bonus(1)
$ |
| |
Stock
Awards(3) $ |
| |
Option
Awards(4) $ |
| |
Non-
Equity Incentive Plan Comp $ |
| |
All
Other Compensation(5) $ |
| |
Total
Compensation $ |
| ||||||||||||||||||||||||
Edward K. Christian
President and CEO |
| | | | 2020 | | | | |
$
|
1,158,734
|
| | | | $ | —(2) | | | | |
$
|
—
|
| | | | $ | — | | | | | $ | 700,000(2) | | | | | $ | 177,121 | | | | | $ | 2,035,855 | | |
| | | 2019 | | | | |
$
|
1,114,168
|
| | | | $ | —(2) | | | | |
$
|
1,382,815
|
| | | | $ | — | | | | | $ | 700,000(2) | | | | | $ | 180,650 | | | | | $ | 3,377,633 | | | ||
| | | 2018 | | | | |
$
|
1,071,476
|
| | | | $ | —(2) | | | | |
$
|
1,365,163
|
| | | |
$
|
—
|
| | | | $ | 800,000(2) | | | | |
$
|
151,350
|
| | | |
$
|
3,387,989
|
| | ||
Samuel D. Bush,
Senior Vice President and CFO |
| | | | 2020 | | | | | $ | 350,000 | | | | | $ | 35,000 | | | | |
$
|
—
|
| | | | $ | — | | | | | $ | — | | | | | $ | 26,085 | | | | | $ | 411,085 | | |
| | | 2019 | | | | | $ | 350,000 | | | | | $ | 35,000 | | | | |
$
|
139,994
|
| | | | $ | — | | | | | $ | — | | | | | $ | 29,197 | | | | | $ | 554,191 | | | ||
| | | 2018 | | | | |
$
|
346,923
|
| | | |
$
|
35,000
|
| | | |
$
|
173,780
|
| | | |
$
|
—
|
| | | |
$
|
—
|
| | | |
$
|
29,552
|
| | | |
$
|
585,255
|
| | ||
Marcia K. Lobaito,(6)
Senior Vice President, Corporate Secretary and Director of Business Affairs |
| | | | 2020 | | | | | $ | 70,615 | | | | | $ | — | | | | |
$
|
—
|
| | | | $ | — | | | | | $ | — | | | | | $ | 8,121 | | | | | $ | 78,736 | | |
| | | 2019 | | | | | $ | 215,000 | | | | | $ | 35,000 | | | | |
$
|
86,005
|
| | | | $ | — | | | | | $ | — | | | | | $ | 32,248 | | | | | $ | 368,253 | | | ||
| | | 2018 | | | | |
$
|
211,923
|
| | | |
$
|
35,000
|
| | | |
$
|
118,323
|
| | | |
$
|
—
|
| | | |
$
|
—
|
| | | |
$
|
27,672
|
| | | |
$
|
392,918
|
| | ||
Catherine A. Bobinski,
Senior Vice President − Finance, Chief Accounting Officer and Corp. Controller |
| | | | 2020 | | | | | $ | 200,000 | | | | | $ | 35,000 | | | | |
$
|
—
|
| | | | $ | — | | | | | $ | — | | | | | $ | 29,186 | | | | | $ | 264,186 | | |
| | | 2019 | | | | | $ | 200,000 | | | | | $ | 35,000 | | | | |
$
|
79,997
|
| | | | $ | — | | | | | $ | — | | | | | $ | 27,297 | | | | | $ | 342,294 | | | ||
| | | 2018 | | | | |
$
|
193,846
|
| | | |
$
|
35,000
|
| | | |
$
|
112,173
|
| | | |
$
|
—
|
| | | |
$
|
—
|
| | | |
$
|
22,241
|
| | | |
$
|
363,260
|
| | ||
Christopher S. Forgy,(7)
Senior Vice President − Operations |
| | | | 2020 | | | | | $ | 285,000 | | | | | $ | 35,000 | | | | |
$
|
—
|
| | | | $ | — | | | | | $ | — | | | | | $ | 18,333 | | | | | $ | 338,333 | | |
| | | 2019 | | | | | $ | 285,000 | | | | | $ | 35,000 | | | | |
$
|
85,488
|
| | | | $ | — | | | | | $ | — | | | | | $ | 18,517 | | | | | $ | 424,005 | | | ||
| | | 2018 | | | | |
$
|
263,365
|
| | | |
$
|
60,000
|
| | | |
$
|
58,514
|
| | | |
$
|
—
|
| | | |
$
|
—
|
| | | |
$
|
54,113
|
| | | |
$
|
435,992
|
| |
| | | | | | | | |
Estimated Possible Payouts
Under Non-Equity Incentive Plan Awards(1) |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards(2) |
| ||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Threshold
($) |
| |
Target
1($) |
| |
Target
2($) |
| |
Target
3($) |
| |
Target
4($) |
| |
Target
5($) |
| |
Maximum
Awards ($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| |
Grant Date Fair
Value of Stock Awards ($) |
|
Edward K. Christian
|
| |
March 30, 2020
|
| |
700,000
|
| |
750,000
|
| |
800,000
|
| |
850,000
|
| |
900,000
|
| |
950,000
|
| |
1,000,000
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
Samuel D. Bush
|
| | | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
Marcia K. Lobaito(3)
|
| | | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
Catherine A. Bobinski
|
| | | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
Christopher S. Forgy
|
| | | | |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
| |
—
|
|
| | |
Option Awards
|
| |
Stock Awards(1)
|
| ||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(2) |
| ||||||||||||||||||
Edward K. Christian | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
11/28/2018
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 12,210 | | | | | $ | 293,284 | | |
12/11/2019
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 29,547 | | | | | $ | 709,719 | | |
Samuel D. Bush | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
11/28/2018
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 1,286 | | | | | $ | 30,890 | | |
12/11/2019
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 2,991 | | | | | $ | 71,844 | | |
Marcia K. Lobaito(3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
11/28/2018
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 790 | | | | | $ | 18,976 | | |
12/16/2019
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 1,864 | | | | | $ | 44,773 | | |
Catherine A. Bobinski | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
11/28/2018
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 735 | | | | | $ | 17,655 | | |
12/11/2019
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 1,709 | | | | | $ | 41,050 | | |
Christopher S. Forgy | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
11/28/2018
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 523 | | | | | $ | 12,562 | | |
12/11/2019
|
| | | | — | | | | | | — | | | | | $ | — | | | | | | — | | | | | | 1,826 | | | | | $ | 43,861 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value
Realized on Exercise ($) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value
Realized on Vesting ($)(1) |
| ||||||||||||
Edward K. Christian
|
| | | | — | | | | | | — | | | | | | 36,650 | | | | | $ | 652,370 | | |
Samuel D. Bush
|
| | | | — | | | | | | — | | | | | | 4,086 | | | | | $ | 72,731 | | |
Marcia K. Lobaito(2)
|
| | | | — | | | | | | — | | | | | | 2,611 | | | | | $ | 46,476 | | |
Catherine A. Bobinski
|
| | | | — | | | | | | — | | | | | | 2,401 | | | | | $ | 42,738 | | |
Christopher S. Forgy
|
| | | | — | | | | | | — | | | | | | 1,599 | | | | | $ | 28,462 | | |
Name
|
| |
Executive
Contributions in Last FY ($) |
| |
Registrant
Contributions in Last FY ($) |
| |
Aggregate
Earnings (Loss) in Last FY ($) |
| |
Aggregate
Withdrawals/ Distributions ($) |
| |
Aggregate Balance
at Last FYE ($) |
| |||||||||||||||
Edward K. Christian
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Samuel D. Bush
|
| | | $ | — | | | | | $ | — | | | | | $ | 30,606 | | | | | $ | — | | | | | $ | 375,275 | | |
Marcia K. Lobaito(1)
|
| | | $ | — | | | | | $ | — | | | | | $ | 29,555 | | | | | $ | — | | | | | $ | 459,663 | | |
Catherine A. Bobinski
|
| | | $ | 24,923 | | | | | $ | — | | | | | $ | 13,551 | | | | | $ | — | | | | | $ | 442,724 | | |
Christopher S. Forgy
|
| | | $ | 16,548 | | | | | $ | — | | | | | $ | (219) | | | | | $ | — | | | | | $ | 60,511 | | |
Change-in-Control
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
CEO
Employment Agreement Salary, Bonus & Tax Gross-Up(1) |
| |
Change in
Control Agreements(2) |
| |
Split
Dollar Premium(3)(10) |
| |
Life
Insurance Premium(4) |
| |
Health
Insurance Premiums(5) |
| |
Medical
Reimburse- ment(6) |
| |
Account
Balance Non-Qualified Plan(7) |
| |
Restricted
Stock(8) |
| |
Stock
Options |
| |
CSV of
Split Dollar Policy(9) |
| |
Accrued
Vacation(10) |
| |
Total
Change in Control Payments |
| ||||||||||||||||||||||||||||||||||||
Edward K. Christian
|
| | | $ | 9,462,152 | | | | | $ | — | | | | | $ | 500,000 | | | | | $ | 720,000 | | | | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | — | | | | | $ | 1,003,003 | | | | | $ | — | | | | | $ | 849,508 | | | | | $ | 726,032 | | | | | $ | 13,493,695 | | |
Samuel D. Bush
|
| | | $ | — | | | | | $ | 575,962 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 375,275 | | | | | $ | 102,734 | | | | | $ | — | | | | | $ | 217,674 | | | | | $ | — | | | | | $ | 1,271,645 | | |
Marcia K.
Lobaito |
| | | $ | — | | | | | $ | 283,769 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 459,663 | | | | | $ | 63,749 | | | | | $ | — | | | | | $ | 226,899 | | | | | $ | — | | | | | $ | 1,034,080 | | |
Catherine A. Bobinski
|
| | | $ | — | | | | | $ | 349,423 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 442,724 | | | | | $ | 58,705 | | | | | $ | — | | | | | $ | 190,533 | | | | | $ | — | | | | | $ | 1,041,385 | | |
Christopher S. Forgy
|
| | | $ | — | | | | | $ | 481,682 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | | | | $ | 56,423 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 598,816 | | |
Total
|
| | | $ | 9,462,152 | | | | | $ | 1,690,836 | | | | | $ | 500,000 | | | | | $ | 720,000 | | | | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | 1,338,173 | | | | | $ | 1,284,614 | | | | | $ | — | | | | | $ | 1,484,614 | | | | | $ | 726,032 | | | | | $ | 17,439,421 | | |
Retirement upon age 65
|
| ||||||||||||||||||||||||||||||||||||||||||
| | |
Health
Insurance Premiums(1) |
| |
Medical
Reimbursement(2) |
| |
Account Balance
Non-Qualified Plan(3) |
| |
Stock
Options |
| |
CSV of Split
Dollar Policy(4) |
| |
Accrued
Vacation(5) |
| |
Total Retirement
Payments |
| |||||||||||||||||||||
Edward K. Christian
|
| | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 849,508 | | | | | $ | 726,032 | | | | | $ | 1,808,540 | | |
Samuel D. Bush
|
| | | $ | — | | | | | $ | — | | | | | $ | 375,275 | | | | | $ | — | | | | | $ | 217,674 | | | | | $ | — | | | | | $ | 592,949 | | |
Marcia K. Lobaito
|
| | | $ | — | | | | | $ | — | | | | | $ | 459,663 | | | | | $ | — | | | | | $ | 226,899 | | | | | $ | — | | | | | $ | 686,562 | | |
Catherine A. Bobinski
|
| | | $ | — | | | | | $ | — | | | | | $ | 442,724 | | | | | $ | — | | | | | $ | 190,533 | | | | | $ | — | | | | | $ | 633,257 | | |
Christopher S. Forgy
|
| | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | |
Total
|
| | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | 1,338,173 | | | | | $ | — | | | | | $ | 1,484,614 | | | | | $ | 726,032 | | | | | $ | 3,781,819 | | |
Termination other Than Retirement, Death or Disability
|
| ||||||||||||||||||||||||||||||||||||
| | |
Health
Insurance Premiums(1) |
| |
Medical
Reimbursement(2) |
| |
Account Balance
Non-Qualified Plan(3) |
| |
Stock
Options |
| |
Accrued
Vacation(4) |
| |
Total Termination
Payments |
| ||||||||||||||||||
Edward K. Christian
|
| | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 726,032 | | | | | $ | 959,032 | | |
Samuel D. Bush
|
| | | $ | — | | | | | $ | — | | | | | $ | 375,275 | | | | | $ | — | | | | | $ | — | | | | | $ | 375,275 | | |
Marcia K. Lobaito
|
| | | $ | — | | | | | $ | — | | | | | $ | 459,663 | | | | | $ | — | | | | | $ | — | | | | | $ | 459,663 | | |
Catherine A. Bobinski
|
| | | $ | — | | | | | $ | — | | | | | $ | 442,724 | | | | | $ | — | | | | | $ | — | | | | | $ | 442,724 | | |
Christopher S. Forgy
|
| | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | | | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | |
Total
|
| | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | 1,338,173 | | | | | $ | — | | | | | $ | 726,032 | | | | | $ | 2,297,205 | | |
Termination Due to Death
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
CEO
Employment Agreement Salary & Bonus(1) |
| |
Health
Insurance Premiums(2) |
| |
Medical
Reimbursement(3) |
| |
150% of Account
Balance Non Qualified Plan(4) |
| |
Restricted
Stock(5) |
| |
Stock
Options |
| |
Split Dollar
Policy(6) |
| |
Accrued
Vacation(7) |
| |
Total Termination
Due to Death Payments |
| |||||||||||||||||||||||||||
Edward K. Christian
|
| | | $ | 1,178,787 | | | | | $ | 39,500 | | | | | $ | 77,000 | | | | | $ | — | | | | | $ | 1,003,003 | | | | | $ | — | | | | | $ | 7,000,000 | | | | | $ | 726,032 | | | | | $ | 10,024,322 | | |
Samuel D. Bush
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 562,912 | | | | | $ | — | | | | | $ | — | | | | | $ | 500,000 | | | | | $ | — | | | | | $ | 1,062.912 | | |
Marcia K. Lobaito
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 644,005 | | | | | $ | — | | | | | $ | — | | | | | $ | 250,000 | | | | | $ | — | | | | | $ | 894,005 | | |
Catherine A. Bobinski
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 646,050 | | | | | $ | — | | | | | $ | — | | | | | $ | 250,000 | | | | | $ | — | | | | | $ | 896,050 | | |
Christopher S. Forgy
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 90,767 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 90,767 | | |
Total
|
| | | $ | 1,178,787 | | | | | $ | 39,500 | | | | | $ | 77,000 | | | | | $ | 1,943,734 | | | | | $ | 1,003,003 | | | | | $ | — | | | | | $ | 8,000,000 | | | | | $ | 726,032 | | | | | $ | 12,968,056 | | |
Termination Due to Disability
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
| | |
CEO
Employment Agreement Salary & Bonus(1) |
| |
Health
Insurance Premiums(2) |
| |
Medical
Reimbursement(3) |
| |
Account Balance
Non-Qualified Plan(4) |
| |
Restricted
Stock(5) |
| |
Stock
Options |
| |
Accrued
Vacation(6) |
| |
Total
Disability Payments |
| ||||||||||||||||||||||||
Edward K. Christian
|
| | | $ | 2,357,574 | | | | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | — | | | | | $ | 1,003,003 | | | | | $ | — | | | | | $ | 726,032 | | | | | $ | 4,319,609 | | |
Samuel D. Bush
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 375,275 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 375,275 | | |
Marcia K. Lobaito
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 459,663 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 459,663 | | |
Catherine A. Bobinski
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 442,724 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 442,724 | | |
Christopher S. Forgy
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 60,511 | | |
Total
|
| | | $ | 2,357,574 | | | | | $ | 79,000 | | | | | $ | 154,000 | | | | | $ | 1,338,173 | | | | | $ | 1,003,003 | | | | | $ | — | | | | | $ | 726,032 | | | | | $ | 5,657,782 | | |
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock Awards
($)(1) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||
Clarke R. Brown, Jr.
|
| | | $ | 34,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 34,000 | | |
Timothy J. Clarke(2)
|
| | | $ | 43,500 | | | | | $ | — | | | | | $ | — | | | | | $ | 43,500 | | |
Roy F. Coppedge III
|
| | | $ | 34,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 34,000 | | |
G. Dean Pearce
|
| | | $ | 34,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 34,000 | | |
Gary G. Stevens(3)
|
| | | $ | 68,500 | | | | | $ | — | | | | | $ | 210(4) | | | | | $ | 68,710 | | |
Warren S. Lada
|
| | | $ | 34,000 | | | | | $ | — | | | | | $ | 14,116(4) | | | | | $ | 48,116 | | |