In 2009, Clent Richardson earned $790.35K in total compensation at Immersion Corporation, primarily from $250.18K salary. Led Immersion Corporation as CEO for 1 years.
Compensation History
Annual executive compensation data for Clent Richardson, including salary, bonuses, and stock awards.
Year
2009
Total Compensation
$790.35K
Salary
$250.18K
Bonus
$0.00
Other
$540.17K
Salary
$250.18KBoard Justification
Our compensation programs are designed to align compensation with our annual and long-term business objectives and performance, enabling us to attract, retain, and reward executive officers and other key employees who contribute to our long-term success and motivate executive officers to enhance long-term stockholder value. We also strive to design programs to position Immersion competitively among the companies against which we recruit and compete for talent.
Bonus
$0.00Board Justification
Mr. Richardson did not receive a bonus for 2009 due to his departure.
Other Compensation
$540.17KBoard Justification
Consists of severance payments of $487,500, COBRA payments of $3,829 and perquisites of $46,409 for travel and commuting reimbursement.
Restricted Stock
Board Justification
No information on vested stock was provided in the given text.
Performance Metrics
100% determined by a matrix of varying levels of GAAP adjusted revenue and GAAP adjusted operating profit (loss) achieved in 2009, with minimum amounts below which no payments would occur and maximum amounts at which the Named Executive Officer would earn 200% of this portion of the Executive Incentive Plan.
Clent Richardson
Ex-CEO of Immersion Corporation
Education
B.A. in Counseling Psychology from Antioch University
Field of Expertise
Sales & Marketing - Marketing
Sector of Economy
Technology
Born
January 1, 1962 - 63 years ago
CEO of Immersion Corporation for
1 year 3 months (Apr 2008 - Jul 2009)
Previous Experience
Chief Marketing Officer at TiVo, Inc. and various roles at Nortel Networks, T-Mobile U.K., and Apple Computer, Inc.
Holdings
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Insider Trading
Clent Richardson's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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