Business
2006 Proxy Statement Filed
2006 Proxy Statement Filed.
About this update from Fdm Group (holdings) Plc
[{"type":"text","content":"\n Ford Motor Co\n07 April 2006\n\n\nFORD MOTOR COMPANY PROXY REPORTS 2005 EXECUTIVE COMPENSATION; KRAVIS, PADILLA \nAND REICHARDT NOT STANDING FOR RE-ELECTION TO THE BOARD OF DIRECTORS\n\n\nDEARBORN, Mich.; April 7, 2006 - Ford Motor Company (NYSE: F) today filed its\n2006 proxy statement with the Securities and Exchange Commission. The statement\noutlines compensation for select executives, including William Clay Ford, Jr.,\nchairman and chief executive officer.\n\n\nThis year, the Compensation Committee of the Board of Directors decided to\nprovide additional information regarding executive compensation in the spirit of\nproposed SEC rule changes. The proxy now includes a table summary of the dollar\nvalues of the total annual compensation provided, granted to, or received by\neach of the named executives during 2005, 2004 and 2003.\n\n\nIt is important to note that the amounts shown associated with stock awards\nreflect the fair market value of the common stock on the date of the grant, and\namounts shown associated with option awards reflect the Black-Scholes value of\nthe option grants on the date of the grant. Whether exercising stock options is\nprofitable depends on the relationship between the company's common stock's\nmarket price and the option's exercise price, as well as on the grantee's\ninvestment decisions. Therefore, placing a current value on outstanding options\nis highly speculative and may not represent the true benefit, if any, that may\nbe realized by the grantee. \n\n\nCompensation of Ford executives for 2005 generally consisted of salary and \nstock-based awards. No bonuses were paid for 2005 under the Annual Incentive \nCompensation Plan.\n\n\nCompensation details found in the 2006 proxy statement include:\n\n\n\n• William Clay Ford, Jr., chairman and chief executive officer, received no\n cash salary or bonus for 2005. The value of his 2005 compensation totaled \n $13,298,279. In lieu of a cash salary for the first quarter of 2005, he \n received a restricted common stock grant of 32,837 shares with a one\n year restriction period valued at $372,043, continuing his practice of \n tying his compensation to the long-term performance of the company. In \n addition, Mr. Ford was granted 1,685,393 stock options under the 1998 Long-\n Term Incentive Plan with a Black-Scholes value on the date of grant of ...