CEO Pay Watch: Mark DeYoung, Alliant Techsystems Inc.
- June 14, 2013 - 8:18 PM
CEO Pay Watch alliant Techsystems
Total compensation: $3,918,159 for the year ended March 31.
Non-equity incentive pay: $1,500,000
Other compensation: $218,531
Value realized on vesting shares: $1,199,628
New stock options: 52,631
Total fiscal 2013 return to shareholders: 47.2 percent
Note: DeYoung’s overall compensation increased 30 percent last year, mainly from previously issued stock awards (worth $1.2 million) that vested during the year. No stock awards vested in the previous year. DeYoung got a small increase in his base salary plus the maximum bonus for achieving annual goals, but it was $384,600 less than the previous year.
For fiscal 2014 Alliant’s compensation committee awarded DeYoung a 2.5 percent increase to his annual salary.
Alliant Techsystems also recorded an expense of $3,039,889 for stock awards and $759,992 for option awards that were part of DeYoung’s long-term equity incentive compensation.
In October 2011 the company moved its corporate headquarters from Eden Prairie to Arlington, Va. Alliant made the move to be closer to its major customer, the U.S. Department of Defense.
The company said then that the move would only affect about a dozen of its senior management. The company has since announced several layoffs to its global workforce, which was approximately 15,000 in March of 2011 and is currently about 14,000. Approximately 2,400 of Alliant’s employees are still in Minnesota.
© 2014 Star Tribune