SEC Filings

DEF 14A
TEGNA INC filed this Form DEF 14A on 03/18/2010
Entire Document
 


Table of Contents

SUMMARY COMPENSATION TABLE

 

Name and Principal

Position


  Year

  Salary
($) (1)

  Bonus
($) (2)

  Stock
Awards
($) (3)


  Option
Awards
($) (4)


  Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings

($) (5)

  All Other
Compensation
($) (6)


  Total
($)

Craig A. Dubow

(Chairman and CEO)

  2009   942,308   1,450,000   1,255,000   585,000   292,534   173,850   4,698,692
  2008   1,166,667   875,000   132,000   817,800   0   150,902   3,142,369
  2007   1,200,000   1,750,000   1,007,650   3,351,000   57,101   147,379   7,513,130

Gracia C. Martore

(President, COO and CFO)

  2009   659,615   950,000   1,054,200   234,000   1,016,323   104,056   4,018,194
  2008   700,000   300,000   69,564   215,760   0   100,572   1,385,896
  2007   700,000   600,000   575,800   703,710   73,781   105,228   2,758,519

Robert J. Dickey

(President/USCP)

  2009   588,942   410,000   376,500   140,400   350,015   70,734   1,936,591
  2008   588,000   360,000   188,546   125,580   259,261   418,788   1,940,175

David L. Hunke

(President and Publisher/USA TODAY)

  2009   463,141   355,000   307,250   73,800   249,759   405,711   1,854,661

Christopher D. Saridakis

  2009   471,154   330,000   276,100   112,320   65   97,858   1,287,497

(Senior Vice President and CDO)

  2008   500,000   260,000   423,084   534,000   4,312   86,485   1,807,881

(1) Mr. Dubow voluntarily reduced his salary from the $1.2 million minimum provided in his employment contract to $1 million beginning November 1, 2008 and continuing through 2009. The amounts reported in this column for 2009 reflect a reduction of each NEO’s salary in the equivalent amount of three weeks’ salary (almost 6%) as a result of the Company’s furlough and salary reduction program.

 

(2) See the “Compensation Discussion and Analysis” section for a discussion of how the bonus amounts were determined. The amount reported in this column for Mr. Hunke includes an $85,000 relocation bonus in connection with his promotion to President and Publisher/USA TODAY.

 

(3) Amounts in this column represent the aggregate grant date fair value of RSU awards computed in accordance with Accounting Standards Codification 718, Compensation—Stock Compensation (“ASC 718”) based on the assumptions set forth in footnote 11 to the Company’s 2009 audited financial statements.

 

(4) Amounts in this column represent the aggregate grant date fair value of SO awards computed in accordance with ASC 718 based on the assumptions set forth in footnote 11 to the Company’s 2009 audited financial statements.

 

(5) Amounts in this column represent the aggregate increase, if any, of the accumulated benefit liability relating to the NEO under the GRP and the SERP in the applicable fiscal year. The 2008 amounts shown for Mr. Dubow and Ms. Martore do not reflect the year over year decrease in the aggregate value of their pensions of $595,237 and $232,528, respectively. Amounts are calculated by comparing values as of the pension plan measurement date used for the Company’s financial statements for the applicable fiscal years. This includes the value of any additional service accrued, the impact of any compensation increases received, the impact of any plan amendments made during the period, and growth attributable to interest, if applicable. The Company uses the same assumptions it uses for financial reporting under generally accepted accounting principles with the exception of retirement age, pre-retirement mortality and probability of turnover prior to retirement. The assumed retirement age for the above values is the earliest age at which an executive could retire without any benefit reduction due to age. The above values are calculated assuming each NEO survives to the assumed retirement age. To the extent the assumptions used for reporting changed from the prior year to the current year, the impact is reflected in the above values.

 

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