FAMOUS DAVE'S OF AMERICA INC.
Christopher O'Donnell, president, CEOTotal compensation: $847,521 for year ended Dec. 31
Salary: $350,000
Non-equity incentive pay: $360,500
Exercised stock options: $99,400
Value realized on vesting shares: $37,621
Total 2010 return to shareholders: 84.3 percent
Note: O'Donnell's compensation increased by $145,700 or 20.8 percent over 2009. O'Donnell's annual salary increased by $50,000, but stock option gains of $99,400 last year were the biggest addition to his total. O'Donnell hadn't exercised options in the previous three years.
Over the last two years as the economy has improved, more people are going out to eat again. Same-store sales for Dave's company-owned restaurants open more than 24 months increased 3.3 percent in the fourth quarter and 0.7 percent for the year. Famous Dave's stock price has also improved; after dipping to a low of $2 per share in March 2009 the company ended 2010 at $11.15 per share.
