Summary
This 8-K filing from Marsh & McLennan Companies, Inc. (MRSH) primarily reports a change to the CEO's compensation. Specifically, on March 17, 2010, the Compensation Committee approved an increase in the annual bonus target for CEO Brian Duperreault. The target was raised from 225% to 300% of his base salary. The actual bonus payout will be determined by the Committee in February 2011, and other compensation elements remain unaffected.
Key Highlights
- 1CEO Annual Bonus Target Increased: The annual bonus target for CEO Brian Duperreault was raised from 225% to 300% of his base salary.
- 2Effective Date of Change: The Compensation Committee approved this increase on March 17, 2010.
- 3Future Determination of Actual Bonus: The final bonus amount will be decided by the Compensation Committee in February 2011.
- 4No Other Compensation Changes: All other compensation arrangements, benefits, and incentive plan participation for the CEO remain unchanged.
- 5Focus on Executive Compensation: This filing specifically addresses a key aspect of executive compensation for the top executive.