ARM Holdings CEO Remuneration Rises 86% In 2004
DOW JONES NEWSWIRES
April 5, 2005 9:21 a.m.
LONDON -- ARM Holdings PLC (ARMHY) Chief Executive Warren East received an 86% increase in remuneration in 2004, according to the company's annual report Tuesday.
ARM designs microprocessors used in semiconductors that power mobile phones, digital cameras and other devices. During 2004, it purchased U.S. semiconductor technology developer Artisan Components for around GBP482 million.
In the 12 months to Dec. 31, 2004, ARM's revenue increased 19% to GBP152.9 million from GBP128.1 million in 2003. Net profit more than doubled to GBP23.5 million from GBP9.1 million in 2003.
CEO East's total remuneration rose 86% to GBP411,632 from GBP221,565 in 2003. His GBP250,000 basic salary was augmented by a GBP139,686 bonus that included GBP14,686 of deferred bonus payments.
Chairman Robin Saxby's total remuneration fell 5% to GBP224,634 from GBP236,348 while Finance Director Tim Score's total remuneration rose 69% to GBP321,966 from GBP190,583 in 2003. Tudor Brown, chief operating officer's, total remuneration increased 77% to GBP321,946 from GBP181,565 in the previous year.
In total, payments to executive and non-executive directors increased 53% to GBP1.98 million from GBP1.29 million in 2003.
Company Web site: arm.com |
