www.sec.gov/Archives/edgar/data/886239/0001047469-03-02 -
[Cached Version]
Published on: 7/24/2003
Last Visited: 7/26/2003
Steven D. Saucier is Senior Vice President, Paperboard Operations of Riverwood.Mr. Saucier joined Riverwood in November 1998.From July 1998 until October 1998, Mr. Saucier was Senior Vice President, Manufacturing, of JPS Packaging, a manufacturer of flexible packaging.From April 1996 until July 1998, Mr. Saucier was Senior Vice President, Supply Chain, of Sealright Co., Inc., a manufacturer of rigid and flexible packaging, and from September 1975 until April 1996, Mr. Saucier was employed by Mobil Corporation, where his last position was General Manager, Manufacturing with Mobil Films division.
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DTH="1%"> — Steven D. Saucier 2002 $ 350,000 $ 340,684(1) $ — $ 144,000 27,750 $ 8,359 Sr.Vice President, 2001 270,917 &
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Saucier 27,750(1) 4.1 % $ 120 March 31, 2012 $ 997,613 W.
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Option grant dates are as follows: for Mr. Humphrey, January 1, 2002; for Mr. Blount, January 1, 2002; for Mr. Saucier, January 1, 2002; for Mr. Juby, January 1, 2002; and for Mr. Spiller, September 30, 2002.
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Saucier — — 10,842 / 42,575 $ 216,840 / $296,500 W.
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(A)Had the Named Executive Officers in the Summary Compensation Table retired as of December 31, 2002, their respective five-year average salaries, plus bonuses, for purposes of the table set forth above, would have been as follows: Mr. Blount, $333,869; Mr. Humphrey, $1,035,508; Mr. Juby, $104,708; and Mr. Saucier, $344,598. (B)On December 31, 2002, the Named Executive Officers in the Summary Compensation Table had the following years of credited service under the Retirement Plan: Mr. Blount 5; Mr. Humphrey, 6; Mr. Juby, 2; and Mr. Saucier, 4. (C)Salary as defined in the Retirement Plan includes payment under the annual incen
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(A)Had the Named Executive Officers in the Summary Compensation Table retired as of December 31, 2002, their respective five-year average salaries, plus bonuses, for purposes of the table set forth above, would have been as follows: Mr. Blount, $333,869; Mr. Humphrey, $1,035,508; Mr. Juby, $104,708; and Mr. Saucier, $344,598. (B)On December 31, 2002, the Named Executive Officers in the Summary Compensation Table had the following years of credited service under the Retirement Plan: Mr. Blount 5; Mr. Humphrey, 6; Mr. Juby, 2; and Mr. Saucier, 4. (C)Salary as defined in the Retirement Plan includes payment under the annual incen
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Messrs.&nbs
p;Blount, Saucier, Juby, and Spiller also have employment agreements with RIVERWOOD HOLDING INC.
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The agreements with Messrs. Blount, Saucier, Juby and Spiller, entered into as of September 1, 1998, November 1, 1998, May 1, 2001 and September 30, 2002, respectively, have an initial three year term that automatically extends for additional one-year periods following the expiration of the initial term.
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The agreements provide for minimum base salaries of at least $200,000, $225,000, $225,000 and $350,000, for each of Messrs. Blount, Saucier, Juby and Spiller, respectively, and for bonuses and other benefits set forth in the Summary Compensation Table.
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="#CCEEFF" VALIGN="TOP"> Martin D. Walker 0 0 Stephen M. Humphrey(9) 302,838 (10 ) Steven D. Saucier(9) 14,842
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(9)Includes options to purchase 292,838, 10,842 and 6,323 shares of common stock which may be exercised by Messrs. Humphrey, Saucier and Blount, respectively. (10)Less than 1%. 114
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