Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
MA > SEC Filings for MA > Form 8-K on 28-Feb-2013All Recent SEC Filings

Show all filings for MASTERCARD INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for MASTERCARD INC


28-Feb-2013

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 25, 2013, the Human Resources and Compensation Committee of the Board of Directors (the "Compensation Committee") of MasterCard Incorporated (the "Company") approved performance targets for the year ending December 31, 2013 that will be used to determine the amounts of cash bonus awards that may be paid to the principal executive officer, principal financial officer, and the other named executive officers disclosed in the Company's most recent proxy statement filed with the Securities and Exchange Commission (on April 24, 2012) under its Senior Executive Annual Incentive Compensation Plan ("SEAICP"). The funding of the 2013 SEAICP bonus pool will be based upon the Company's achievement of predetermined net income and net revenue targets using a weighting of two-thirds for actual performance achieved against the net income target and one-third for actual performance achieved against the net revenue target. The Compensation Committee may decide to reduce the total amount awarded under the SEAICP at its discretion. The Compensation Committee set the individual 2013 annual cash incentive awards (as a percentage of base salary) under the SEAICP for the Company's named executive officers as follows:

                                          Performance Level Achieved
             Name                   Threshold         Target       Maximum
             Ajay Banga                     75 %          150 %         375 %
             Martina Hund-Mejean            50 %          100 %         250 %
             Chris A. McWilton            57.5 %          115 %       287.5 %
             Gary J. Flood                57.5 %          115 %       287.5 %
             Ann Cairns                   57.5 %          115 %       287.5 %

Performance below threshold would result in no cash bonus payout.


  Add MA to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for MA - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2013 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.