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Janet M. Dolan served as the CEO of Tennant Company from 2001 to 2005. She holds a bachelor's degree in Business Administration, bringing solid business expertise to the role. During her time as CEO, she emphasized linking executive compensation to...

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Janet M. Dolan

Ex-CEO of Tennant Company

Education

Bachelor's Degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1947 - 78 years ago

CEO of Tennant Company for

4 years 4 months (Jan 2001 - May 2005)

Previous Experience

President and Chief Executive Officer of Tennant Company

Holdings

See how much did Janet M. Dolan make over time.

Janet Dolan had valuable stock options and restricted stock during her time as CEO of Tennant Company. In 2004, she held about 29,000 stock options, which can fluctuate based on company performance and stock value. Her stock holdings reflected a...

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Insider Trading

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Compensation History

See how much did Janet M. Dolan make over time.

In her time at Tennant Company, Janet M. Dolan's compensation reflected her performance-driven leadership style. In 2005, she earned over $1.4 million, primarily from her salary of about $504,141 and a substantial bonus of $893,257, which was a result of meeting corporate economic improvement goals. Her total compensation included contributions from an Employee Stock Ownership Plan, which indicated her commitment to aligning executive pay with company performance. Over the years, her pay demonstrated a strategic link between leadership roles and the company's financial success; however, she did not rely on long-term stock options or large grants. Instead, her pay incentives were closely tied to achieving specific targets, showcasing her focus on immediate results and accountability in the company's direction.

Year

2005

Total Compensation

$1.47M

Salary

$504.14K

Board Justification

The compensation program aims to motivate executives to achieve corporate goals by placing a significant portion of pay at risk, aligning executive interests with those of shareholders, and providing competitive total compensation to attract and retain high-caliber executives.

Bonus

$893.26K

Board Justification

Ms. Dolan earned an annual incentive for fiscal 2005 based on achievement of the Company’s economic improvement target and an individual performance multiplier of 100%, resulting in a payout equal to 253.1% of her target incentive.

Other

$69.18K

Board Justification

Other compensation includes payments under the Tennant Profit Sharing and ESOP Plan and the Company’s Excess Benefit Plan.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No long-term incentive plan award was earned for fiscal 2005; however, she received a restricted stock grant valued at $25,019, which is excluded from total compensation calculations.

Performance Metrics

The performance metrics for determining the compensation included economic profit improvement for the Company and individual performance against set goals.

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