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DEF 14A
GRAHAM HOLDINGS CO filed this Form DEF 14A on 03/23/2017
Entire Document
 


Mr. Jones and Mr. Rosen have met the eligibility requirements for Early Retirement (age 55, with 10 years of company service).

Mr. O’Shaughnessy, Mr. Cooney and Ms. Maddrey have not yet reached age 55.

Mr. Rosberg retired on May 31, 2016.

Changes in the present value of benefits in 2016 are attributable to The Retirement Plan for Graham Holdings Company (“Retirement Plan”) and the corresponding benefit under the SERP as follows: Mr. O’Shaughnessy–$6,417 Retirement Plan; Mr. Jones–$64,474 Retirement Plan, $541,750 the SERP and $43,728 under his Individual Pension Arrangement; Mr. Rosen–$39,609 Retirement Plan, $1,949,055 the SERP and $0 under his Individual Pension Arrangement; Mr. Cooney–$95,188 Retirement Plan; Ms. Maddrey–$73,519 Retirement Plan; Mr. Rosberg–$51,853 Retirement Plan, $125,979 the SERP and ($5,433) under his Individual Pension Arrangement.

The values of accumulated plan benefits were determined using a discount rate of 4.10% at 12/31/2016 and 4.30% at 12/31/2015 and using RP-2016 Fully Generational Mortality Table for males and females using Scale MP-2016 at 12/31/2016 and RP-2015 Fully Generational Mortality Table for males and females using Scale MP-2015 mortality improvement at 12/31/2015.

 

6. For 2016, the amounts shown include the information detailed in the following table:

ALL OTHER COMPENSATION

 

Name

(a)

  

Perquisites ($)

(b)

    

401(k) Company
Contributions ($)

(c)

    

SERP Company
Contributions ($)

(d)

    

Restricted
Stock
Dividends ($)

(e)1

     Individual
Deferred
Compensation
Arrangement
(f)
  

Total ($)

(g)

 

Timothy J. O’Shaughnessy

            2,500                         2,500  

Hal S. Jones

            2,650        28,340        16,260             47,250  

Andrew S. Rosen

            2,571        40,800        37,940           81,311  

Wallace R. Cooney

            2,571               8,672           11,243  

Nicole M. Maddrey

            2,650               14,634           17,284  

Gerald M. Rosberg

            2,650        628        8,130           11,408  

 

1. The amounts represent dividends attributable to Graham Holdings Company and Cable ONE restricted stock granted under the Company’s Incentive Compensation Plan and the 2012 ICP that are not included in the grant date fair value of such restricted stock awards reported in column (e) of the Summary Compensation Table.

The following table provides information on awards made under the 2012 ICP to each of the named executive officers in 2016. In 2016, only annual incentive awards were granted to the named executive officers under the 2012 ICP.

GRANTS OF PLAN-BASED AWARDS

 

               Estimated Future Payouts
Under Non-Equity Incentive
Plan Awards
  Estimated Future
Payouts Under Equity
Incentive Plan Awards
                        

Name

(a)

 

Grant
Date

(b)

 

Non-Equity
Incentive
Plan
Awards:
Number of
Units or
Other
Rights (#)

(c)

  Threshold
($)
(d)
 

Target
($)

(e)

 

Max

($)

(f)

 

Threshold

($)

(g)

 

Target
($)

(h)

 

Max
($)

(i)

 

All Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#)

(j)

 

All Other
Option
Awards:
Number of
Securities
Underlying
Options (#)

(k)

 

Exercise
or Base
Price of
Option
Awards
($/share)

(l)

 

Closing
Price on
Date of
Grant for
Option
Awards if
Different
($)

(m)

 

Grant
Date
Fair
Value of
Stock
and
Option
Awards

(n)

Timothy J. O’Shaughnessy                                                  

Annual Incentive1

      375,000   750,000   1,500,000                

Hal S. Jones

                                                 

Annual Incentive1

      202,500   405,000   810,000                

Andrew S. Rosen

                                                 

Annual Incentive1

      812,500   1,625,000   3,250,000                

Wallace R. Cooney

                                                 

Annual Incentive1

      96,000   192,000   384,000                

Nicole M. Maddrey

                                                 

Annual Incentive1

      105,000   210,000   420,000                

Gerald M. Rosberg

                                                 

Annual Incentive1

      133,000   266,000   532,000                

 

1. Amounts shown are the threshold, target and maximum payouts under the annual bonus component of the 2012 ICP. The Committee sets the performance-based goals for purposes of the annual incentive awards to be paid for fiscal year 2016. The amount in column (d) represents the minimum payment level, which is 50% of the target. The amount shown in column (f) represents the maximum payout level, which is 200% of the target. In the event that the threshold performance level with respect to the performance goals set by the Committee (i.e., 80% of the target performance goal) is not attained, no amount would be paid.

 

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