Actionable news
0
All posts from Actionable news
Actionable news in AAP: ADVANCE AUTO PARTS INC,

Advance Auto Parts Inc releases salary data. CEO received compensation of $Fiscal 2015 Actions

Advance Auto Parts Inc just filed its annual proxy statement, which details the salary information of its key executives. In 2015, the company's CEO made Fiscal 2015 Actions.

The table is included below:

Compensation Element Key Features and Purpose Fiscal 2015 Actions
Base Salary

Fixed annual cash compensation to attract and retain talented executives.
Base pay increases are considered on a calendar year basis to align within the median range of our peer group (as described on pages 25 and 26 of this Proxy Statement) and to reflect the scope and complexity of each executive’s position. Actual positioning varies to reflect each officer’s skills, experience, time in job and contribution to our success.



The Committee increased the base salaries of all NEOs in 2015 to better align base pay for these individuals with comparable positions in peer companies of similar size. The Committee provided additional salary increases for the EVP, Human Resources, General Counsel and Corporate Secretary in January 2015 and for the President when he was named Interim CEO in November 2015 in connection with their promotions and assumption of additional responsibilities in their new roles.
Annual Incentive Plan ("AIP") Cash Incentive Award














Performance-based variable pay is tied to achievement of key annual financial and operating objectives. Primary measures for 2015 included: • Enterprise operating income, including synergy savings and integration costs in connection with the integration of GPI into the Company (weighted 80 percent) • Enterprise sales (weighted 20 percent)
Individual AIP opportunities are expressed as a percent of base salary and vary for executives based on their...

More