View full sizeAmerican Greetings Corp. CEO Zev Weiss's total compensation fell 16.8 percent to $3.2 million in fiscal 2012.This regular feature tracks 2012 executive compensation at publicly traded companies in Northeast Ohio.
Headquarters: One American Road, Brooklyn
Business: Designer and manufacturer of greeting cards and other social expressions products
Chief Executive Officer Zev Weiss: $3,229,672.00
Change from previous year: -16.8
Zev Weiss, 45, received a 3.8-percent increase in his base salary to $980,740; a 75.9-percent increase in his stock awards to $648,543; and a 334.6-percent increase in his pension value and deferred compensation earnings to $544,215.
However, he received no stock option awards this year, his non-equity incentive plan compensation fell 42 percent to $996,039; and his other compensation fell 37.5 percent to $60,135.
This last category includes: $5,350 in tax reimbursements for company-paid life insurance; $13,583 in 401(k) matching and profit-sharing contributions; $3,856 in company-paid benefits to an executive deferred compensation plan; $11,137 in universal life insurance premiums; and $26,208 in other benefits, including a company car, free greeting cards and other company products, and accidental death and dismembership insurance.
OTHER KEY EXECUTIVES
Jeffrey Weiss $2,404,361
President and Chief Operating Officer
John W. Beeder $1,384,249
Senior Vice President Executive Sales and Marketing Officer
Michael L. Goulder $1,316,845
Senior Vice President Executive Supply Chain Officer
Stephen J. Smith $1,048,430
Senior Vice President and Chief Financial Officer
SOURCE: Proxy filing with the U.S. Securities and Exchange Commission on May 11.