Kaman

AR 13

Proxy

Proxy/Summary Compensation Table

The table, footnotes and narrative below describe the aggregate compensation earned by each of our named executive officers for our 2011, 2012 and 2013 fiscal years. For information on the role of each component of our executive compensation program, please see the description under "Compensation Discussion and Analysis" beginning on page 18.

Name and Principal Position Year Salary
($)
Bonus
($)
Stock
Awards(1)
($)
Option
Awards(2)
Non-Equity
Incentive Plan
Compensation(3)
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings(4)
($)
All Other
Compensation(5)
($)
Total
($)
Neal J. Keating 2013 $875,000 $1,181,513 $51,474 $251,862 $2,359,849
Chairman, President & Chief Executive Officer 2012 $850,000 $3,346,926 $356,445 $258,460 $4,811,831
2011 $800,000 $2,716,160 $328,638 $49,616 $3,894,414
Robert D. Starr 2013 $291,611 $63,994 $63,742 $226,336 $432 $42,599 $688,714
Senior Vice President and Chief Financial Officer(6) 2012
2011
William C. Denninger 2013 $252,500 $211,065 $32,389 $29,854 $525,808
Former Executive Vice President and Chief Financial Officer 2012 $505,000 $1,258,540 $144,767 $117,146 $2,025,453
2011 $492,540 $615,524 $1,025,681 $146,895 $44,026 $2,324,666
Gregory L. Steiner 2013 $416,150 $209,365 $48,932 $87,780 $762,227
Executive VP, Kaman Corporation, and President, Kaman Aerospace Group 2012 $410,000 $987,246 $142,939 $94,089 $1,634,274
2011 $382,875 $478,553 $832,439 $89,694 $59,275 $1,842,836
Steven J. Smidler 2013 $350,175 $73,292 $89,867 $513,334
Executive VP, Kaman Corporation and President, Kaman Industrial Technologies 2012 $345,000 $1,045,356 $82,168 $1,472,524
2011 $330,000 $190,968 $190,672 $932,910 $69,185 $1,713,735
Ronald M. Galla 2013 $355,134 $251,186 $77,980 $684,300
Senior Vice President and Chief Information Officer 2012 $348,598 $698,533 $641,375 $79,142 $1,767,648
2011 $338,445 $619,241 $578,115 $66,330 $1,602,131
Shawn G. Lisle 2013 $300,000 $51,449 $51,143 $212,190 $68,728 $683,510
Senior Vice President and General Counsel(7) 2012
2011
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  1. Amounts shown in the Stock Awards column reflect the aggregate grant date fair value of restricted stock granted to our named executive officers with respect to the 2013, 2012 and 2011 fiscal years in accordance with Accounting Standards Codification (ASC) 718. For a discussion of valuation assumptions, see Note 19 in our Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2013. All restricted stock awards shown in the table were granted to the named executive officers prior to their eligibility for an LTIP award opportunity.
  2. Amounts shown in the Option Awards column reflect the aggregate grant date fair value of stock options granted to our named executive officers with respect to the 2013, 2012 and 2011 fiscal years in accordance with ASC 718. For a discussion of valuation assumptions, see Note 19 in our Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2013. All stock options shown in the table were granted to the named executive officers prior to their eligibility for an LTIP award opportunity.
  3. Amounts for 2013 represent annual cash incentive awards earned by the named executive officers under our annual cash incentive plans, which are discussed in the Compensation Discussion and Analysis section beginning on page 18 but do not not reflect amounts that cannot yet be determined but which may become due under outstanding LTIP awards for the 2011–2013 Performance Cycle for Messrs. Keating, Denninger, Steiner, Smidler and Galla and the 2013 Performance Cycle for Mr. Lisle. 2012 Amounts have been adjusted to reflect the LTIP payouts approved in June 2013 in respect of LTIP awards for the 2010–2012 Performance Cycle for Messrs. Keating, Denninger, Steiner and Galla and the 2011-2012 Performance Cycle for Mr. Smidler. Our LTIP award program is discussed in more detail on page 30 of the Compensation Discussion and Analysis.
  4. Represents the total change in the present value of accrued benefits under our pension plan and SERP, if applicable, from year to year. Pension plan and SERP benefits are discussed in more detail starting on page 41.
  5. The amounts included in this column consist of the following: Participation in our life insurance program for senior executives, employer matching contributions under our 401(k) Plan, supplemental employer contributions earned under our Deferred Compensation Plan, and perquisites consisting of payments for annual physical examinations, a vehicle allowance and personal use of the corporate aircraft. The 2013 figures include supplemental deferred compensation earned for Messrs. Keating, Denninger, Starr, Steiner, Smidler, Galla and Lisle of $200,040, $0, $11,289, $44,977, $48,641, 38,930 and $17,313, respectively. The 2013 figures also include a vehicle allowance of $33,420 for Mr. Keating, $13,230 for Mr. Denninger, $17,433 for Mr. Starr, $26,460 for Messrs. Steiner and Smidler, and $20,448 for Messrs. Galla and Lisle; and $12,750 to each named executive officer for the Company 401(k) match. Amounts for Mr. Lisle also include relocation expenses of $17,052. Infrequently, spouses and guests of named executive officers ride along on the Company aircraft when the aircraft is already going to a specific destination for a business purpose. This use involves minimal cost to the Company. Where required by law, income was imputed to the named executive officer for income tax purposes for the items described in this footnote and all such amounts are included in the table.
  6. Appointed Senior Vice President and Chief Financial Officer effective July 1, 2013. Compensation information for 2012 and 2011 has been omitted pursuant to applicable SEC rules and regulations.
  7. Appointed Senior Vice President and General Counsel effective December 1, 2012. Compensation information for 2012 and 2011 has been omitted pursuant to applicable SEC rules and regulations.