Summary
This 8-K filing from E. I. du Pont de Nemours and Company (DuPont) reports on adjustments made by the Compensation Committee of the Board of Directors regarding executive compensation. Specifically, the filing details increases to the base salaries of several named executive officers, effective May 1, 2006. These increases reflect adjustments to the compensation structure for key leadership roles within the company. Investors should note that these salary adjustments are presented in the context of previously disclosed compensation elements, including variable compensation and stock option awards from earlier filings. The report provides specific figures for the new base salaries for 2006 and the preceding year (2005) for these executives, offering transparency into how executive pay is being managed at the senior level.
Key Highlights
- 1The Compensation Committee of DuPont's Board of Directors approved base salary increases for named executive officers.
- 2The salary increases are effective starting May 1, 2006.
- 3The filing provides specific new base salaries for 2006 and prior base salaries for 2005 for T. M. Connelly, Jr., R. R. Goodmanson, S. J. Mobley, and G. M. Pfeiffer.
- 4T. M. Connelly, Jr., Senior Vice President & Chief Science & Technology Officer, received a base salary increase from $528,000 to $543,840.
- 5R. R. Goodmanson, Executive Vice President & Chief Operating Officer, had his base salary increased from $795,000 to $819,000.
- 6S. J. Mobley, Senior Vice President, Chief Administrative Officer & General Counsel, saw an increase from $580,000 to $597,396.
- 7G. M. Pfeiffer, Senior Vice President & Chief Financial Officer, had his base salary adjusted from $595,000 to $612,840.
- 8Information regarding 2005 variable compensation and 2006 equity awards for these officers was previously disclosed.