Mr J rec'd "no" 1998 compensation - Messrs Sculley/Spindler/Amelio you listening ?
From the pre-proxy:
" COMPENSATION OF THE CHIEF EXECUTIVE OFFICER
Mr. Jobs, the Company's Interim Chief Executive Officer, did not receive any
compensation for the services he performed for the Company in fiscal year 1998.
SECTION 162(m)
The Company intends that options granted under the Company's stock option
plans be deductible by the Company under Section 162(m) of the Internal Revenue
Code of 1986, as amended.
MEMBERS OF THE COMPENSATION COMMITTEE
Edgar S. Woolard, Jr. (Chairman) Gareth C.C. Chang
7
INFORMATION REGARDING EXECUTIVE COMPENSATION
The following table summarizes compensation information for the last three
fiscal years for (i) Mr. Jobs, Interim Chief Executive Officer and (ii) the four
most highly compensated executive officers other than the Chief Executive
Officer who were serving as executive officers of the Company at the end of the
fiscal year (collectively, the "NAMED EXECUTIVE OFFICERS").
SUMMARY COMPENSATION TABLE
LONG-TERM COMPENSATION
ANNUAL COMPENSATION ----------------------------------
SECURITIES
------------------------ RESTRICTED UNDERLYING
NAME AND PRINCIPAL FISCAL SALARY BONUS STOCK AWARDS OPTIONS
POSITION (1)(2) YEAR ($) ($) ($) (#)
------------------------------ ------ -------- ----------- ------------- ----------------
Steven P. Jobs................ 1998 -- -- -- --
Interim Chief Executive
Officer 1997 -- -- -- 30,000(1)
1996 -- -- -- --
Fred D. Anderson.............. 1998 604,283 -- -- 250,000(2)
Executive Vice President 1997 520,311 -- 40,748(4) 850,000(5)
and Chief Financial Officer 1996 252,156 1,275,000 -- 400,000
Timothy D. Cook............... 1998 223,953 500,000(8) -- 700,000
Senior Vice President, 1997 -- -- -- --
Worldwide Operations 1996 -- -- -- --
Mitchell Mandich.............. 1998 402,253 -- -- 424,250(2)
Senior Vice President, 1997 174,348 104,000 -- 565,050(5)(11)
Worldwide Sales 1996 -- -- -- --
Jonathan Rubinstein........... 1998 402,095 -- -- 300,000(2)
Senior Vice President, 1997 250,262 100,000 19,108(4) 700,000(5)
Hardware Engineering 1996 -- -- -- --
ALL OTHER
NAME AND PRINCIPAL COMPENSATION
POSITION (1)(2) ($)
------------------------------ ------------------
Steven P. Jobs................ --
Interim Chief Executive
Officer --
--
Fred D. Anderson.............. 60,123(3)
Executive Vice President 250,489(6)
and Chief Financial Officer 141,361(7)
Timothy D. Cook............... 90,849(9)
Senior Vice President, --
Worldwide Operations --
Mitchell Mandich.............. 8,118(10)
Senior Vice President, 1,730(10)
Worldwide Sales --
Jonathan Rubinstein........... 4,804(10)
Senior Vice President, 1,864(10)
Hardware Engineering --
--------------------------
(1) Mr. Jobs was granted 30,000 stock options in his capacity as a director of
the Company pursuant to the 1997 Director Stock Option Plan.
(2) Includes the replacement of 250,000, 224,250 and 300,000 options that were
previously granted to Messrs. Anderson, Mandich and Rubinstein,
respectively, and canceled pursuant to the stock option exchange program.
Other than the replacement options, Messrs. Anderson and Rubinstein were
not granted any options during the fiscal year.
(3) Includes $45,000 in relocation assistance and $5,123 in matching
contributions made by the Company in accordance with the terms of the
401(k) plan.
(4) For fiscal year 1997, these amounts represent the values on February 5,
1997 of the Common Stock underlying the Performance Shares earned by the
Named Executive Officers under the terms of the Senior Officers Restricted
Performance Share Plan.
The amounts of Common Stock earned by participating Named Executive
Officers are as follows: Mr. Anderson--2,672; Mr. Rubinstein--1,253. No
dividends were paid on the Performance Shares. As of the last day of fiscal
year 1997, the Named Executive Officers held no other Performance Shares or
restricted stock.
(5) Includes the replacement of 500,000, 50,000 and 200,000 options that were
previously granted to Messrs. Anderson, Mandich and Rubinstein
respectively, and canceled pursuant to the Exchange Program.
(6) Consists of $245,497 in relocation assistance and $4,992 in matching
contributions made by the Company in accordance with the terms of its
401(k) plan.
(7) Consists of $140,155 in relocation assistance and $1,206 in matching
contributions made by the Company in accordance with the terms of its
401(k) plan.
(8) In connection with his employment, Mr. Cook received a one-time hiring
bonus in the amount of $500,000.
(9) Consists of $86,049 in relocation assistance and $4,800 in matching
contributions made by the Company in accordance with the terms of its
401(k) plan.
(10) Consists of matching contributions made by the Company in accordance with
the terms of its 401(k) plan.
(11) Includes 240,800 NeXT options which were converted into Apple options
during fiscal year 1997 in connection with Apple's acquisition of NeXT.
8
Jim K. |
