Symantec 2014 Annual Report Download - page 47

Base salaries for Messrs. Gillett, Taylor, Bennett, Beer and deSouza remained the same from the previous
year, as their annual base salaries were deemed effective in continuing to achieve the Compensation Committee’s
goals for this component of executive compensation. Following Mr. Beer’s departure, Mr. Del Matto was
appointed as our Acting Chief Financial Officer in October 2013 at which time he received a 7.3% increase in
recognition of his increased responsibilities. The following table presents each named executive officer’s base
salary for fiscal 2014 as compared to fiscal 2013:
Name of NEO
Change in
Salary
FY14 Annual
Salary ($) Description
Michael A. Brown .............. n/a 1,200,000(1) Mr. Brown was appointed interim President and
Chief Executive Officer in March 2014 with a
salary of $100,000 per month during his term as
interim President and Chief Executive Officer.
Thomas J. Seifert ............... n/a 720,000(2) Mr. Seifert was hired as Executive Vice President
and Chief Financial Officer in March 2014. His
base salary is equal to the base salary he had with
his former employer.
Stephen E. Gillett ............... — 875,000 Mr. Gillett did not receive a base salary increase
in fiscal 2014. The Compensation Committee
deems his salary as competitive and appropriate
for his position.
Scott C. Taylor ................. — 420,000 Mr. Taylor did not receive a base salary increase
in fiscal 2014. The Compensation Committee
deems his salary as competitive and appropriate
for his position.
Former Officers
Stephen M. Bennett ............. — 1,000,000 Mr. Bennett did not receive a base salary increase
in fiscal 2014.
James A. Beer ................. — 700,000 Mr. Beer did not receive a base salary increase in
fiscal 2014.
Francis A. deSouza ............. — 700,000 Mr. deSouza did not receive a base salary
increase in fiscal 2014.
Andrew H. Del Matto ............ 7.3% 365,000(3) Mr. Del Matto’s annual base salary for sub-
stantially all of his employment during fiscal
2014 was $340,000. He did not receive a salary
increase for fiscal 2014 until he received a 7.3%
increase in October 2013 in connection with his
appointment as Acting Chief Financial Officer.
Donald J. Rath ................. 4.8% 325,000 Mr. Rath received a 4.8% increase in base salary
as part of his FY13 annual review process in his
role as Vice President, Tax.
(1) Mr. Brown received a prorated salary of $36,364 based on his period of employment as our interim President
and Chief Executive Officer in fiscal 2014. During fiscal 2015, the independent members of the Board
increased Mr. Brown’s salary to $200,000 per month, effective June 1, 2014, to reflect the increased effort
and time commitment required of Mr. Brown.
(2) Mr. Seifert received a prorated salary of $30,000 based on his period of employment as our Executive Vice
President and Chief Financial Officer in fiscal 2014.
(3) Mr. Del Matto received a salary of $259,167 in fiscal 2014. This amount reflects payments based on his
original base salary of $340,000 for the first seven months of fiscal 2014 and his adjusted salary until his
resignation in December 2013.
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