Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 4, 2013, the Compensation Committee of the Board of Directors of
Sears Holdings Corporation (the "Company") approved an increase in the annual
base salary of Dane A. Drobny, Senior Vice President, General Counsel and
Corporate Secretary of the Company, from $650,000 to $700,000. In addition, Mr.
Drobny received a long-term incentive cash award in the amount of $800,000;
$200,000 of which will vest on February 4, 2014, $300,000 of which will vest on
February 4, 2015, and $300,000 of which will vest on February 4, 2016, in each
case, provided that he is an employee of the Company on the applicable vesting
date.
Add
SHLD to Portfolio
Set Alert
Email to a
Friend