Archived Received Annual Meeting Proxy Statement

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You'll be happy to know that at last year's annual meeting of shareholders the support level for the "Say On Pay" question was low enough for the Board to do something. They have changed the executive compensation plan. I quote: "Replacing our RSUs with PBRSUs, which now comprise the remaining 25% of the annual LTI mix and are essentially RSUs tied to relative TSR." Got that?

When I have the time I'll figure out all the acronyms and that sentence may make sense.

There are other changes, like reducing Gregg's pay - how brave - fire the guy then cut his pay. Don't worry, he still gets more than most of us could make in ten lifetimes.
 
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RSU - Restricted stock unit (vested after a certain time period)
PBRSU - Performance-based RSU (vested after certain goals are met)
TSR - Total shareholder return
LTI - Long term incentive
 
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