Symantec 2016 Annual Report Download - page 56

COMPENSATION COMPONENTS
The major components of compensation for our named executive officers during fiscal 2016 were: (i) base
salary, (ii) short-term cash incentive awards, and (iii) long-term equity incentive awards.
I. Base Salary
The Compensation Committee reviews the named executive officers’ salaries annually as part of its overall
competitive market assessment and may make adjustments based on talent, experience, performance, con-
tribution levels, individual role, positioning relative to market, and our overall salary budget. The independent
members of the Board review the CEO’s salary in executive session (i.e., without any executives present), and
changes are considered in light of market pay assessments and the Board’s annual CEO performance evaluation,
in each case without the participation of our CEO. In setting the base salaries for the other named executive offi-
cers, the Compensation Committee also considers the recommendations of the CEO based upon his annual
review of their performance. Although the Compensation Committee takes into account the factors and
information described above during its review and determination of the base salary for each executive officer, it
does not assign a specific weight to any element and does not measure individual performance against an
objective standard in the evaluation of an executive officer’s base salary. Instead, these reviews and determi-
nations are based on the Compensation Committee’s subjective judgment taking into account all available
information, including the competitive market assessment.
The following table presents each named executive officer’s base salary for fiscal 2016 as compared to fis-
cal 2015:
Name of NEO
FY15 Annual
Salary ($)
Change
in Salary
FY16 Annual
Salary ($) Description
Michael A. Brown . . . 1,000,000(1) 0% 1,000,000 Mr. Brown did not receive a base salary increase in
fiscal 2016, as it was deemed effective in
continuing to achieve the Compensation
Committee’s goals for this component of his
executive compensation.
Thomas J. Seifert . . . 720,000 0% 720,000 Mr. Seifert did not receive a base salary increase in
fiscal 2016, as it was deemed effective in
continuing to achieve the Compensation
Committee’s goals for this component of his
executive compensation.
Balaji Yelamanchili . 700,000(2) 0% 700,000 Mr. Yelamanchili did not receive a base salary
increase in fiscal 2016, as it was deemed effective
in continuing to achieve the Compensation
Committee’s goals for this component of his
executive compensation.
Scott C. Taylor ..... 575,000 4.35% 600,000 Mr. Taylor received a 4.35% increase in base
salary as part of his annual review in consideration
of his performance and contributions.
Francis C. Rosch .... 440,000(3) 19.3% 525,000 Mr. Rosch received a 19.3% increase in base salary
as part of his annual review in consideration of his
performance and contributions.
(1) Mr. Brown received a salary of $100,000 per month until June 1, 2015 when the Board increased his base
salary to $200,000 per month in recognition of his efforts and increased time commitment in his interim
President and Chief Executive Officer role during fiscal 2015. This higher base salary was also designed to
compensate him for serving without any variable compensation or equity award while he served as interim
CEO. Following his appointment as our permanent President and Chief Executive Officer in September
2014, he earned a prorated portion of his $1,000,000 annual base salary for the remainder of fiscal 2015.
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