Business Context and Reporting Period
This Form 8-K was filed by SS&C Technologies Holdings, Inc. on March 13, 2012. The report discloses actions taken by the Compensation Committee regarding executive compensation for the fiscal years 2011 and 2012.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on executive compensation figures:
- Fiscal 2012 Base Salaries (Effective Jan 1, 2012):
- William C. Stone (CEO): $750,000
- Normand A. Boulanger (COO): $450,000
- Patrick J. Pedonti (CFO): $260,000
- Stephen V. R. Whitman (General Counsel): $225,000
- Fiscal 2011 Cash Bonuses:
- William C. Stone: $2,500,000
- Normand A. Boulanger: $1,250,000
- Patrick J. Pedonti: $550,000
- Stephen V. R. Whitman: $325,000
Material Changes
The filing reports the authorization of specific base salaries for fiscal 2012 and the approval of cash bonuses for fiscal 2011. No comparative financial data or prior period compensation figures are provided in this text to determine material changes.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The scope is limited to Item 5.02 regarding compensatory arrangements.
Investor Verification Checklist
- Verify the total cash compensation impact on the company's operating expenses for fiscal 2011 and 2012.
- Confirm the performance metrics used to justify the $2.5 million bonus to the CEO.
- Review the full proxy statement for details on the Compensation Committee's rationale and peer group comparisons.
- Check subsequent filings for the actual payment dates of the approved bonuses.