Analog Devices CEO Jerald Fishman received $11.5 million in fisca...
Analog Devices CEO Jerald Fishman received $11.5 million in fiscal 2003 ended Nov. 1 by exercising stock options, the company said in a preliminary proxy statement filed with the SEC for its annual shareholder meeting March 9 in Waltham,…
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Mass. For the fiscal 12 months, Fishman’s base salary rose to $930,935 from $850,374 in 2002, the filing said. Analog Devices paid Fishman a bonus of $40,728 for the 4th quarter only, the filing said -- it hadn’t paid him a bonus in fiscal 2002. On Dec. 10, Analog Devices granted an annual stock option to Fishman to buy 400,000 shares at $45.27. The option is exercisable in 3 equal installments on each of the 3rd, 4th and 5th anniversaries of the grant date. At the end of the fiscal year, Fishman had 1.7 million exercisable options remaining. On the agenda for the annual meeting is a proposal to authorize the company to double the number of issuable common shares to 1.2 billion from 600 million, the proxy said. Proceeds from their sale would be used to fund possible stock dividends, joint ventures, acquisitions or other general corporate purposes, it said.