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SEC Filings

DEF 14A
ARCH COAL INC filed this Form DEF 14A on 03/18/2019
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OTHER MATTERS

        The Company knows of no other matters to be submitted to the stockholders at the Annual Meeting. If any other matters properly come before the stockholders at the Annual Meeting, it is the intention of the persons named on the proxy to vote the shares represented thereby on such matters in accordance with their best judgment.


EXECUTIVE COMPENSATION

Compensation Discussion and Analysis

        This Compensation Discussion and Analysis describes the material elements of compensation paid to each of the following named executive officers of Arch Coal, Inc. (the "named executive officers" or "NEOs") for fiscal year 2018:

Name
 
Title
  Years of
Service(1)
 

John W. Eaves

  Chief Executive Officer     36  

John T. Drexler

 

Senior Vice President and Chief Financial Officer

   
21
 

Paul A. Lang

 

President and Chief Operating Officer

   
34
 

John A. Ziegler, Jr.(2)

 

Chief Commercial Officer

   
16
 

Robert G. Jones

 

Senior Vice President — Law, General Counsel and Secretary

   
27
 

(1)
Includes the following years of service attributable to employment with one or more of our predecessor entities: Mr. Eaves — 15 years, Mr. Lang — 13 years, and Mr. Jones — 6 years.

(2)
On January 1, 2019, Mr. Ziegler assumed the role of Senior Vice President and Chief Administrative Officer.

EXECUTIVE SUMMARY

        Our compensation program for 2018 was focused on incentivizing our NEOs to create long-term value for our stockholders and other stakeholders. We accomplished the following goals in 2018:

    Achieved robust earnings, significant levels of cash flow, and strong profit margins.

    Achieved net income of $312.6 million, reflecting a 31% increase over 2017 performance.

    Generated cash from operating activities of $418.0 million.

    Increased revenues in our metallurgical segment by approximately 17% over 2017.

    Returned $313.1 million to stockholders through a capital return program comprised of share buybacks and dividends:

    Executed on our share repurchase program, purchasing approximately 3.2 million shares of common stock, for a total of $281.8 million.

    Paid $31.3 million in quarterly cash dividends.

20


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