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ALJ > SEC Filings for ALJ > Form 8-K on 29-May-2014All Recent SEC Filings

Show all filings for ALON USA ENERGY, INC.



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.

In May 2014 the Company's Compensation Committee approved the payment of cash bonuses under the Company's 2005 Incentive Compensation Plan based primarily on performance in the fiscal year ended December 31, 2013. As a result, on May 22, 2014, the Company paid cash bonuses to the Company's 2013 named executive officers.
The amounts of these bonuses had not been determined at the time of the filing of the Company's Proxy Statement for the Annual Meeting of Stockholders (the "Proxy Statement") and were therefore not included in the "Non-Equity Incentive Plan Compensation" column contained in the Summary Compensation Table set forth therein. The amount awarded to each of the Company's 2013 named executive officers and the amount of compensation that would have been reflected in the "Total" column of the Summary Compensation Table had the amounts of these awards been determined prior to the filing of the Proxy Statement are set forth below.

                                                        Non-Equity Incentive         Total
Name and Principal Position                             Plan Compensation ($)         ($)
Paul Eisman
   Chief Executive Officer (PEO)                       $           337,969     $    981,328   *
Shai Even
   Senior Vice President and Chief Financial Officer
(PFO)                                                              224,370        1,594,812
David Wiessman
   Executive Chairman of the Board                                 238,685        1,549,246
Alan Moret
   Senior Vice President of Supply                                 237,626        1,297,915
Kyle McKeen
   President and CEO of Alon Brands                                224,107        1,255,018

* During 2011 the Company made a grant of 500,000 restricted stock units (RSUs) to Mr. Eisman which vest over a four-year period. In accordance with SEC requirements, the grant date fair value of all 500,000 RSUs is reflected in total compensation for the year 2011 rather than over the period of vesting. Had Mr. Eisman's grant been divided into four equal grants of 125,000 RSUs per year, the grant date fair value for 2013 would have been $2,156,250 and Mr. Eisman's total compensation for 2013 for purposes of the Summary Compensation Table would have been $3,137,578.

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