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Quotes & Info
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| LOGM > SEC Filings for LOGM > Form 8-K on 29-Jan-2013 | All Recent SEC Filings |
29-Jan-2013
Change in Directors or Principal Officers
On January 24, 2013, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of LogMeIn, Inc. (the "Company") approved the following salary and performance based cash incentive bonus compensation for the Company's named executive officers for calendar year 2013:
Salary and Cash Incentive Bonus Compensation:
Annual cash incentive bonuses are intended to compensate for the achievement of Company strategic, operational and financial goals and/or individual performance objectives. Amounts payable are discretionary and typically calculated as a percentage of the applicable executive's base salary, with higher ranked executives typically being compensated at a higher percentage of base salary. These bonus awards are in two levels based on the Company achieving certain specified operating metrics. The applicable bonus payable will be paid following the completion of 2013.
The following table sets forth the 2013 salary and bonus, assuming achievement of 100% of the target based on the foregoing criteria, for each of the Company's named executive officers (as defined in Item 402(a)(3) of Regulation S-K):
Cash Bonus
(Assuming
2013 Achievement
Base of 100% of
Name of Executive Officer Salary Target)
Michael K. Simon $ 370,000 $ 370,000
James F. Kelliher $ 275,000 $ 148,400
Michael Ewing $ 300,000 $ 120,000
Seth L. Shaw $ 215,000 $ 185,000
Marton B. Anka $ 260,000 $ 130,000
Andrew F. Burton $ 230,000 $ 92,000
Michael J. Donahue $ 237,000 $ 94,800
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