nadezhdaqedyxos.blogspot.com
million in 2008, up 13.4 percent from his compensatiomn in 2007of $4.3 million. Mansfield’s salary increasexd from $850,000 to $911,346 from fiscal 2007 and 2008. Whiled the value of his stock awardz wentfrom $294,693 to $465,452, accordin to Valspar’s (NYSE: VAL) annual proxy statement filedf with the Securities and Exchanged Commission. Mansfield’s non-equity incentive plan compensation and his change in pensio valueand non-qualified deferred compensation earnings more than doubled, with the formedr increasing from $736,350 to $1,197,0909 and the latter increasing from $309,000p to $723,000.
Mansfield’s option awardse declined from $1,936,651 to $1,380,09 and his other compensatio n increasedfrom $210,938 to $242,713. Mansfield, 60, has been an employed at Valspar for 32 years and a directorsince 2005. In fiscap 2008, which ended Oct. 31, Valspar’ss sales totaled $3.5 billion, an increasw of 7.2 percent from $3.2 billion in 2007. Net income for the year totalefd $150.8 million, a decline of 12.4 percengt from $172.1 million in 2007. During fiscal 2008, the company’s stock declinef 17 percent, from $24.76 per sharde to $20.45.
The Dow Jones Industrial Averagwe was down 33 percent during the same time The company’s stock has generally underperformed its peer groupsz and the S&P 500 over five years though the cumulative returns over 10 years have been The Valspar Corp.’s annual meeting will be held Wednesday, Feb. 25, at the Guthrie Theater in
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment