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DEF 14A
KOPPERS HOLDINGS INC. filed this Form DEF 14A on 04/04/2017
Entire Document
 


Table of Contents

EXECUTIVE COMPENSATION

 

Summary Compensation Table

The following table and related footnotes describe the total compensation earned for services rendered during fiscal years 2016, 2015 and 2014 by our NEOs.

 

Name and

Principal Position

  Year     Salary     Bonus    

Stock

Awards(4)

   

Option

Awards(4)

   

Non-Equity

Incentive Plan

Compensation

   

Change in

Pension

Value and

Nonqualified

Deferred

Compensation

Earnings(5)

   

All Other

Compensation(6)

    Total  

Leroy M. Ball

    2016     $ 716,250     $     $ 1,281,480     $ 449,994       $786,600       $     557       $  64,626     $ 3,299,507  
Chief Executive Officer     2015       690,000             1,086,740       480,532       549,000       185       100,398       2,906,855  
      2014       391,800             516,683       139,888             203       19,512       1,068,086  

Michael J. Zugay(1)

    2016     $ 365,000     $     $ 381,123     $ 133,832       $244,120       $       46       $  37,209     $ 1,161,330  
Chief Financial Officer     2015       355,175             306,246       135,413       166,740             28,643       992,217  
      2014       130,556       12,600                               3,917       147,073  

Steven R. Lacy

    2016     $ 405,900     $     $ 421,922     $ 148,156       $270,248       $27,285       $  66,952     $ 1,340,463  
Senior Vice President,     2015       393,150             406,640       179,816       185,904       579       60,581       1,226,670  
Administration, General Counsel and Secretary     2014       384,300             518,010       140,453             94,572       76,517       1,213,852  

James A. Sullivan(2)

    2016     $ 338,100     $     $ 350,464     $ 123,073       $217,597       $       36       $  37,345     $ 1,066,615  
Senior Vice President, Global Carbon Materials and Chemicals                                                                        

Stephen C. Reeder(3)

    2016     $ 310,000     $     $ 444,891     $       $252,960       $     245       $  52,422     $ 1,060,518  
Senior Vice President, Performance Chemicals                                                                        

 

(1)

Mr. Zugay assumed the responsibilities of Chief Financial Officer on August 18, 2014.

 

(2)

Mr. Sullivan was not an NEO in 2014 or 2015.

 

(3)

Mr. Reeder was not an NEO in 2014 or 2015.

 

(4)

The amounts shown in these columns represent the aggregate grant date fair value of time-based RSUs, stock options and performance-based RSUs granted to our NEOs computed in accordance with FASB ASC Topic 718. The value of performance-based RSUs disclosed in the table is based upon the target amount of shares granted. These award grant date fair values have been determined using the assumptions underlying the valuation of equity awards set forth in note 8 of the consolidated financial statements in our annual reports on Form 10-K for the years ended December 31, 2016, December 31, 2015 and December 31, 2014.

 

(5)

The amount disclosed in this column represents (i) the aggregate change in the present value of the executive’s accumulated pension benefit and (ii) the portion of interest accrued (but not currently paid or payable) on deferred compensation above 120 percent of the applicable federal long-term rate at the maximum rate payable under our Benefit Restoration Plan. The increase or decrease, as applicable, in the present value of accumulated benefit for 2016, 2015 and 2014, respectively, was for Mr. Lacy: $26,051, negative $10,165 and $93,937. Negative amounts are not reflected in the amounts disclosed above. The remainder of the amount reported in this column for each NEO for 2016, 2015 and 2014, respectively, represents the above-market interest on deferred compensation.

 

(6)

Includes all other compensation as described in the table below.

All Other Compensation Table (2016)

 

    Perquisites     Other Compensation        
     Club
Dues
    Executive
Physical
    Parking     Total
Perquisites
    Defined
Contribution
Plan
Contributions(1)
    Benefit
Restoration
Plan
Contributions(2)
    Survivor
Benefit
Plan(3)
    Total Other
Compensation
    Total All
Other
Compensation
 

Leroy M. Ball

  $ 14,726     $ 1,027     $ 3,300     $ 19,053     $ 15,900     $ 29,673     $     $ 45,573     $ 64,626  

Michael J. Zugay

    13,476                   13,476       15,900       7,833             23,733       37,209  

Steven R. Lacy

    12,898       1,027             13,925       20,744       16,025       16,258       53,027       66,952  

James A. Sullivan

    16,659       1,061             17,720       14,789       4,836             19,625       37,345  

Stephen C. Reeder

    6,600       1,219             7,819       21,200       23,403             44,603       52,422  

 

(1)

The full amount of “defined contribution plan contributions” disclosed for each NEO includes an assumed amount for employer discretionary contributions made under our 401(k) plan. Actual employer discretionary contributions have not yet been made for 2016, however, for purposes of this table, we have assumed that such discretionary contributions will be paid for 2016 in accordance with past practice. The assumed amounts included for employer discretionary contributions with respect to each NEO are as follows: $7,950 for Mr. Ball, $7,950 for Mr. Zugay, $13,250 for Mr. Lacy, $7,950 for Mr. Sullivan and $13,250 for Mr. Reeder.

 

(2)

Actual Benefit Restoration Plan contributions have not yet been made for 2016, however, for purposes of this table, we have assumed that such contributions will be paid for 2016 in accordance with past practice.

 

(3)

The full amount of “all other compensation” disclosed for Mr. Lacy includes $16,257 based on an accrued account attributed to benefits pursuant to the Survivor Benefit Plan rather than our out-of-pocket expenses attributed to the plan. The expense associated with the Survivor Benefit Plan is calculated by determining the annual change in fair value of our liability for this benefit for accounting purposes.

 

KOPPERS HOLDINGS INC. - 2017 Proxy Statement    29