Actionable news
0
All posts from Actionable news
Actionable news in SHLM: A. Schulman, Inc.,

DEPARTURE OF DIRECTORS OR PRINCIPAL

On October 14, 2015, the Compensation Committee of the Board of Directors of the Company confirmed the 2016 fiscal year cash bonus plan (2016 Bonus Plan) for the Companys executive officers, including its current Named Executive Officers (NEOs). The 2016 Bonus Plan sets forth target bonus amounts for each participating executive officer, expressed as a percentage of base salary, and provides for awards ranging from 50% (threshold) to 200% (maximum) of such target. The target bonus award opportunities under the 2016 Bonus Plan for each of the NEOs are as follows:

Named Executive Officers

2016 Target

Bonus Opportunity

(as a % of base salary)

Bernard Rzepka,

President and Chief Executive Officer

100

%

Joseph J. Levanduski,

Executive Vice President and Chief Fi nancial Officer

70

%

David C. Minc,

Executive Vice President, Chief Legal Officer and Secretary

60

%

Gustavo Prez,

Senior Vice President and General Manager Latin America

55

%

Between 10% to 20% of each executive officers annual bonus target is based on individual objectives associated with various objective metrics, such as acquisition integration, safety performance, and other specific project management objectives. This element represents 10% of the target bonus opportunity for each of the NEOs.

The entire remaining portion of each executive officers 2016 Bonus Plan is based upon achievement of pre-established targets for certain consolidated corporate and/or segment financial performance metrics for the fiscal year, with possible...


More