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SAIC is a FORTUNE 500 scientific, engineering and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. We do this with the constant and deliberate commitment to ethical performance and integrity that has marked SAIC since its founding.
Who determines executive compensation: Human Resources and Compensation Committee of our Board of Directors is
responsible for overseeing our compensation program for all executives • Compensation Committee and make-up: The Committee shall consist of three or more members of the Board, all of whom shall be “independent” as defined in the Company’s Corporate Governance Guidelines. Members shall be appointed to, and removed from, the Committee, by the Board. • Compensation consultant: SAIC has hired Frederic W. Cook & Co. as a Compensation consultant to review the assessment.
SAIC Compensation Philosophy states that “Our executive compensation program is designed to attract, retain, motivate, and
reward talented employees who can contribute to our long-term financial performance and help build value for our stockholders.” • The overall objective of the compensation program is to target overall compensation for our executive officers at the median compensation levels paid to similarly situated executives of comparable companies for each element of compensation and overall, although the actual cash incentive awards paid will vary based on operating performance and may therefore generate compensation that is higher or lower than the market media. Award higher levels of compensation, when appropriate, in recognition of the importance or uniqueness of the role of an executive officer; and provide market competitive levels of executive compensation on an ongoing basis, without regard to the executive’s wealth accumulation resulting from prior awards of equity compensation. • Lead, median or lag on compensation in comparison to peers: With the help of Compensation consultant, Frederic W. Cook & Co. the Compensation Peer Group is periodically reviewed and updated and consists of companies that we believe have similar revenues and industry focus to ours, as well as companies against which we compete for talent and stockholder investment. In order to help provide better comparative data and analysis, the Compensation Peer Group is structured so that no company within the survey has annual revenues greater than three times or less than approximately one-third of ours. We eliminated Electronic Data Systems from our Compensation Peer Group in 2010 because it was acquired by another company that does not satisfy these parameters. For comparison purposes for fiscal 2010, our annual revenues were at approximately the 60th percentile of the revenues of the Compensation Peer Group.
Group President Mr.302.881. The average amount of contributions we made to the retirement plan accounts of our named executive officers in fiscal 2010 was $9.777.00 Option Awards $1.219.312.00 $1.00 $15.00 $4.00 $1.00 $500.00 $12.519.00 $504.00 $1.00 $500.000.473. Dahlberg.00 $1.000.00 • • • TITLE AND NAME Mr.110.00 Incentives $1.115.00 TOTAL COMPENSATION Ms. Shea.000.Virginia Miles HMRG 2920 Compensation 7/24/2011 2 Annual Compensation: • • Base Salary: base salaries should comprise a minority portion of overall compensation.475.00 $500.315.192.00 $500.00 $455.000.00 $412.254.789. Retirement Plan matching funds: Our executive officers are entitled to participate in the same retirement plan that is generally available to all of our eligible employees.053.444.620. The objective of these awards is to link rewards to the creation of stockholder value over a longer term and aid in employee retention with a vesting schedule weighted toward the end of the option term.250. Group President Mr.605.00 $444. former Chief Operating Officer $8.00 $512.00 $444. This Spreadsheet contains Executives Annual Compensation: Stock Options $4.259. We make matching contributions to eligible participants’ retirement plan accounts equal to 100% of each participant’s own contributions up to 6% of their “eligible compensation” under applicable rules.899. to encourage the achievement of annual financial and operating goals. Chairman and former CEO Base Salary $346.000.130.00 $888.00 Retirement Plan matching funds $13.00 $560.00 $2.154 $547. Alderson.035.867.00 $1.00 $12. CFO Mr.00 $804.00 $479.623.000. CEO Mr.00 . Incentives: We provide cash incentive awards to our executive officers.510. which are intended to motivate them to stay with us and build stockholder value through their future performance.554. Sopp.00 $2. Group President Mr.00 $484.00 $1.000. Stock Options: A stock option provides an appropriate balance of medium and long-term incentives.000.816.434.156.000.000.972. Craver.110. Prior.500.000.948.851. yet provide stable compensation to executives that are competitive with peer companies in order to effectively attract and retain talented executives.00 $600.00 $1.000.110.949. and We provide equity incentive awards to our executive officers.000.00 $533. Approximately 50% of the total value of equity awards granted to our named executive officers in fiscal 2010 was comprised of stock options. These options vest as follows: 20% of the shares at the end of each of the first three years and 40% of the shares at the end of the fourth year and these options expire at the end of the fifth year.00 $13.749. Option Awards: Option awards granted to directors in fiscal 2010 will vest on the later of one year from the date of grant or on the date of the next annual meeting of stockholders following the date of grant.810. which vary in amount depending upon performance against predetermined goals and objectives for the fiscal year. Havenstein .981.00 $444.
Virginia Miles HMRG 2920 Compensation 7/24/2011 Notes: Mr. We do not make payouts under our cash incentive program if an executive officer is not employed by us on the payment date. earn interest during the deferral period. . Dahlberg retired as Chief Executive Officer effective September 21. We make no contributions to participants’ accounts under the Key Executive Stock Deferral Plan. Participant deferrals generally correspond to stock units of our common stock. • All other compensation • Perquisites We generally do not provide perquisites and personal benefits to our executive officers that are not otherwise available to other employees. The Key Executive Stock Deferral Plan allows eligible participants to elect to defer all or a portion of their cash or certain equity incentive awards granted to them under our cash incentive or stock incentive plans. Mr. Vested deferred balances under this plan will generally be paid upon retirement or termination. 2009 but continues to serve as Chairman of the Board of Directors and as an executive officer of the company. 2009. Distributions under the Keystaff Deferral Plan are then made to participants in cash. 2009. 3 Supplemental retirement plans We do not maintain a defined benefit or other supplemental retirement plan that would entitle our executive officers to receive company-funded payments if they leave the company. Prior resigned from the company effective June 12. Deferred Compensation Plans We maintain two deferred compensation plans that allow eligible participants to elect to defer all or a portion of any cash or certain equity incentive awards granted to them under our cash incentive or stock plans. In fiscal 2010. we provided airline club memberships generally ranging from $300 to $800 per year for executive officers. which are reflected in dollars. Shares equivalent to deferrals may be deposited to a rabbi trust to fund benefits for participants. Vested deferred balances under either plan will generally be paid upon retirement or termination Nonqualified Deferred Compensation • The Keystaff Deferral Plan allows eligible participants to elect to defer all or a portion of any cash or vested equity incentive awards granted to them under our cash incentive or stock incentive plans. We make no contributions to participants’ accounts under these plans. Havenstein joined SAIC as Chief Executive Officer on September 21. Deferred balances under this plan will generally be paid upon retirement or termination. We make no contributions to participants’ accounts under the Keystaff Deferral Plan. although participant deferrals. Distributions under the Key Executive Stock Deferral Plan are then made to participants in shares of common stock corresponding to the number of vested stock units held for the participant. Mr.
are subject to accelerated vesting upon the occurrence of a change in control under certain circumstances • Under stock ownership guidelines we have established. . options and deferred compensation awards held by all participants under those plans.Virginia Miles HMRG 2920 Compensation 7/24/2011 4 Employment agreements Our executive officers are employees-at-will and as such do not have any employment agreements with us. Each of our named executive officers was in compliance with our stock ownership guidelines at the end of fiscal 2010. including our named executive officers. other than standard employee offer letters. all unvested stock. named executive officers are expected to acquire and maintain stockholdings in an amount of our stock with a value at least equal to five times their base salary. • Contracts Under the terms of our stock incentive and deferred compensation plans.
Sanderson.017 $278.001 $50.001 $240. Hamre Miriam E.017 $186.001 $50.001 $50. or both. For fiscal 2010.001 $50.000 $128.000 $36. except for the Chairperson of the Audit Committee who was paid an additional annual retainer of $15. Thomas Young Option Stock awards AWARDS TOTAL $100.000. In determining director compensation. Louis A.000 $106.017 $291.000 $41.Virginia Miles HMRG 2920 Compensation 7/24/2011 5 The Board of Directors uses a combination of cash and stock-based incentives to attract and retain qualified candidates to serve as directors.000 $96.016 $100. These plans are described in further detail under the caption “Executive Compensation—Nonqualified Deferred Compensation .000 $96.017 $262.017 $246.500 $124.000 $117. The directors are eligible to defer all or any portion of their cash bonus or certain equity compensation into our Keystaff Deferral Plan or Key Executive Stock Deferral Plan.000 $96.000 $100.016 $100.999 $246. Frist. Jr. The Human Resources and Compensation Committee periodically reviews director compensation with the assistance of independent compensation consultants and recommends to the Board of Directors the form and amount of compensation to be provided.000.000 $141.016 $100. Edward J.000.001 $50.016 $100.016 $100.017 $190.016 $100. Jr.017 SAIC Board of directors receives a cash retainer for their service on the Board of Directors.016 $100.016 $100.000 and the Chairperson of each committee of the Board was paid an additional annual retainer of $10. Córdova Wolfgang H.001 $50.016 $50. The Lead Director was also paid an additional annual retainer of $25. as well as the skill and expertise of our directors. Jumper Harry M.517 $274. In addition to the cash retainers.000 $112.016 $100. This Spreadsheet contains Board Members Annual Compensation: Fees earned or paid in cash $90.001 $50.017 $256.000 BOARD MEMBERS France A. the Board of Directors considers the significant amount of time required of our directors in fulfilling their duties. Jones John P.016 $100. our directors were paid an annual retainer of $50. non-employee directors also received $2. III John J. Drummond Thomas F.017 $267. Simpson A. Kraemer.001 $50.000 for each meeting of the Board of Directors and committee they attended.001 $49. Board of Directors Deferral Plans. Demisch(5) Jere A.999 $50. J.001 $50. SAIC also reimburse their directors for expenses incurred while attending meetings or otherwise performing services as a director. John Anita K.017 $246.
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