NASDAQ_TXRH_2018

(coco) #1

had resigned his or her position for good reason following a change of control, on December 25, 2018,
the last day of our fiscal year, provided that each Named Executive Officer signed a full release of
claims against us.


Change in Control, Change in Responsibilities Payments Table

Estimated Estimated Value of
Cash Newly Vested
Payments Stock Awards Total
Name ($)(1) ($)(2) ($)


W. Kent Taylor.................................. 2,412,946 14,486,550 16,899,496
Chairman, Chief Executive Officer


Scott M. Colosi ................................. 1,810,274 8,521,500 10,331,774
President


Celia P. Catlett.................................. 1,112,413 2,272,400 3,384,813
General Counsel, Corporate Secretary


S. Chris Jacobsen................................ 1,120,862 3,124,550 4,245,412
Chief Marketing Officer


Tonya R. Robinson............................... 883,122 1,704,300 2,587,422
Chief Financial Officer


Doug W. Thompson.............................. 2,016,827 4,090,320 6,107,147
Chief Operating Officer


(1) If the employment of any of the Named Executive Officers had been terminated without cause
following a change of control, or if any of the Named Executive Officers had resigned his or her
position for good reason following a change of control, the Named Executive Officer would have
received the amount of his or her then current base salary and target incentive bonus through the
end of the term of the Named Executive Officer’s employment agreement, but not less than one
year. Had a Named Executive Officer’s employment been so terminated on December 25, 2018,
each of Messrs. Colosi, Taylor, Jacobsen, and Thompson and Mss. Catlett and Robinson would
have received payment through January 7, 2021.
The table below details the estimated payment for each Named Executive Officer.


Total
Estimated
Payments
Name Salary ($) Bonus ($) ($)
W. Kent Taylor ................................ 1,058,630 1,354,316 2,412,946
Chairman, Chief Executive Officer
Scott M. Colosi................................ 907,397 902,877 1,810,274
President
Celia P. Catlett ................................ 635,178 477,235 1,112,413
General Counsel, Corporate Secretary
S. Chris Jacobsen .............................. 604,932 515,930 1,120,862
Chief Marketing Officer
Tonya R. Robinson ............................. 554,521 328,601 883,122
Chief Financial Officer
Doug W. Thompson............................. 907,397 1,109,430 2,106,827
Chief Operating Officer
Free download pdf