Table of Contents
SUMMARY COMPENSATION TABLE
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| Name and Principal
Position
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Year
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Salary
($)
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Bonus
($) (1)
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Stock
Awards
($) (2)
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Option
Awards
($) (3)
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Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
($) (4)
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All Other
Compensation
($) (5)
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Total
($)
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| Craig A. Dubow (Chairman, President and CEO) |
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2007
2006 |
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1,200,000
1,200,000 |
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1,750,000
1,750,000 |
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1,067,980
538,866 |
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3,351,000
402,529 |
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57,101
4,119,446 |
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120,629
139,603 |
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7,546,710
8,150,444 |
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| Gracia C. Martore (Executive Vice President and CFO) |
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2007
2006 |
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700,000
656,250 |
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600,000
600,000 |
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871,016
285,916 |
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703,710
979,471 |
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73,781
1,965,776 |
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78,478
88,020 |
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3,026,985
4,575,433 |
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| Susan Clark-Johnson |
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2007 |
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735,000 |
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480,000 |
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(125,363 |
) |
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1,058,894 |
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765,447 |
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105,998 |
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3,019,976 |
| (President/ Newspaper Division) |
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2006 |
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695,000 |
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500,000 |
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275,189 |
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780,200 |
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842,866 |
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97,559 |
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3,190,814 |
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| Paul Davidson (Chairman and CEO/Newsquest)(6) |
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2007 |
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730,000 |
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363,175 |
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85,881 |
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287,628 |
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851,088 |
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49,450 |
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2,367,222 |
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| Craig A. Moon |
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2007 |
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600,000 |
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365,000 |
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(93,717 |
) |
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594,224 |
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82,292 |
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59,202 |
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1,607,001 |
| (President and Publisher/USA TODAY) |
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2006 |
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561,000 |
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370,000 |
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226,627 |
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521,275 |
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309,911 |
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74,656 |
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2,063,469 |
| (1) |
See the “Compensation Discussion and Analysis” section for a discussion of how the bonus amounts were determined. Of the amounts shown, 25% was paid in Company stock for all NEOs
(other than the 2007 bonuses for Ms. Clark-Johnson and Mr. Davidson). |
| (2) |
Amounts shown in this column are based on the accounting expense recognized by the Company related to (a) RSU grants made in fiscal years 2007 and 2006 and in prior periods and
(b) LTIP performance share awards made in 2006. The assumptions, methodology and other factors used to calculate the accounting expense and compensation amounts for RSU awards and LTIP performance shares are as follows:
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In 2006, for RSU awards, the accounting expense recognized by the Company was based on the number of RSUs awarded, and a proportionate amount of RSU award fair value (share
price at date of grant), based on the number of days in 2006 the awards were outstanding as a percentage of the four-year award term. |
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In 2007, for RSU awards, the accounting expense recognized by the Company is based on the following: |
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The number of RSUs awarded; |
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The fair value of RSUs awards (share price at date of grant except for December 2007 awards for which share price was reduced by a discount factor because dividend equivalents are not paid on
the awards during their term); and |
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The vesting or service period applicable to each NEO’s awards. In the case of Mr. Dubow and Ms. Martore, effective in 2007 and pursuant to their employment contracts, all
outstanding and future RSU awards effectively vest in full upon grant. Therefore, RSU related accounting expense and compensation for Mr. Dubow and Ms. Martore reflect all remaining unexpensed value of RSUs issued prior to 2007 and 100% of
the fair value of their December 2007 RSU awards. |
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