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DEF 14A
BRISTOW GROUP INC filed this Form DEF 14A on 06/21/2018
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2014 Severance Policy, Mr. Akiri’s performance cash awards granted in June 2015 and June 2016 became fully vested and earned at the target performance level, and were paid on August 8, 2017. In the case of Mr. Earle, his unvested stock options and unvested restricted stock unit grants awarded in June 2015 and June 2016 fully vested on July 25, 2017. In accordance with the 2014 Severance Policy, Mr. Earle’s performance cash awards granted in June 2015 and June 2016 became fully vested and earned at the target performance level, and were paid to Mr. Earle on July 25, 2017. The expiration date of each of Messrs. Akiri’s and Earle’s vested options, including those that vested prior to June 8, 2017 as well as those that vested in connection with their respective departures from the Company, accelerated to August 8, 2018 pursuant to the terms of the Akiri Separation Agreement and the Earle Separation Agreement, respectively.
(3) 
Annual cash performance awards approved by the Compensation Committee at its June meeting each year for fiscal years 2016, 2017 and 2018 under the annual incentive cash compensation plan for such years. Messrs. Akiri and Earle received annual cash performance awards for fiscal year 2017 which became fully vested and earned at the actual performance level, annual cash performance awards for fiscal year 2018 which became fully vested and earned at the target performance level and a prorated portion of target bonus covering the period from April 1, 2017 to June 8, 2017, in each case in accordance with the 2014 Severance Policy. The portion of performance cash awards based on EPS performance will be included in this column if and when earned.
(4) 
Our NEOs do not participate in any defined benefit or pension plan through the Company and did not receive any above-market or preferential earnings on nonqualified deferred compensation during fiscal years 2016, 2017 and 2018.
(5) 
Includes for fiscal year 2018:

Mr. Baliff
Mr. Miller
Mr. Corbett
Mr. Phillips
Mr. Allman
Mr. Akiri
Mr. Earle
Company 401k Contribution
$
16,200

$
16,200

$

$
16,546

$
16,200

$
8,888

$
4,904

Company Paid Life and Disability Insurance
$
26,577

$
23,860

$
2,408

$
16,390

$
13,246

$
4,445

$
3,949

Company Deferred Compensation Plan Contribution
$
123,800

$
69,007

$

$
18,236

$

$

$

U.K. Defined Contribution Scheme(a)
$

$

$
37,125

$

$

$

$

Bristow Uplift Matching Gifts Program(b)
$
1,800

$

$

$

$

$

$

Severance(c)
$

$

$

$

$

$
861,058

$
816,614

Total
$
168,377

$
109,067

$
39,533

$
51,172

$
29,446

$
874,391

$
825,467


(a) 
Mr. Corbett participates in a defined contribution scheme in which the Company made contributions in the amount of £28,458 during fiscal year 2018.
(b) 
Our NEOs are eligible to participate in the Bristow Uplift Matching Gifts Program under which the Company will match up to $2,500 (or the non-U.S. currency equivalent) of contributions to non-profit organizations by each NEO per fiscal year.
(c) 
Messrs. Akiri’s and Earle’s severances were valued based on the terms of the 2014 Severance Policy in effect at the time of their respective departures from the Company on June 8, 2017. The “Potential Payments upon Termination or Change-in-Control” section of this proxy statement contains additional information about the severances provided by the Company to its Named Executive Officers. The severance amounts include one year annual base salary as follows: Mr. Akiri, $425,000 and Mr. Earle, $425,000; one year annual target bonus as follows: Mr. Akiri, $276,250 and Mr. Earle, $276,250; fiscal year 2018 prorated target bonus as follows: Mr. Akiri, $51,466 and Mr. Earle, $51,466; unused paid time off as follows: Mr. Akiri, $30,925 and Mr. Earle, $28,481; transitional support services as follows: Mr. Akiri, $35,417 and Mr. Earle, $35,417; and relocation benefits under the Company’s U.S. Relocation Policy as follows: Mr. Akiri, $42,000.
(6) 
Mr. Corbett was not a NEO prior to fiscal year 2018 and, therefore, his compensation is not disclosed for any prior fiscal years. He was promoted to Senior Vice President, Europe, Africa, Middle East, Asia (EAMEA) effective June 1, 2018.
(7) 
Mr. Phillips was not a NEO prior to fiscal year 2018 and, therefore, his compensation is not disclosed for any prior fiscal years. He was promoted to Senior Vice President, Americas effective June 1, 2018.
(8) 
Mr. Allman was not a NEO prior to fiscal year 2017 and, therefore, his compensation is not disclosed for fiscal year 2016.
(9) 
Mr. Akiri departed the Company on June 8, 2017 but provided transition support services through July 8, 2017.
(10) 
Mr. Earle departed the Company on June 8, 2017 but provided transition support services through July 8, 2017.


 
BRISTOW GROUP INC.2018 Proxy Statement – 46


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