Yahoo My Yahoo Mail Welcome Guest Sign Out My Account Finance Home Help Home Investing Market Overview Market Stats Stocks Mutual Funds ETFs Bonds Options Industries Currency Education News Opinion Markets Investing Ideas Expert Advice Special Editions Company Finances Providers Personal Finance Banking Budgeting Career Work College Education Family Home Insurance Loans Real Estate Retirement Taxes How to Guides Tech Ticker Get Quotes Finance Search AP Correction Family Dollar exec compensation story Tuesday May pm ET In a Dec. story about compensation given to Family Dollar Stores Inc. Chairman and Chief Executive Howard Levine The Associated Press erroneously reported what he was paid in fiscal . Levine received compensation valued at . million including a performance based bonus of not . million. A corrected version of the story appears below NEW YORK AP The chairman and chief executive of Family Dollar Stores Inc. received compensation valued by the company at . million ! in fiscal according to a proxy statement filed Wednesday with the Securities and Exchange Commission. The discount retail chain awarded Howard R. Levine in base salary and a performance based bonus of . The Charlotte N.C. based company granted Levine restricted stock and option awards that had an estimated value of . million on the days they were awarded. Levine also received in other compensation which included the cost of his personal use of company aircraft insurance premiums and contributions to his k plan and medical expense reimbursement program. Associated Press calculations of total pay include executives salary bonus incentives perks above market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don t include changes in the present value of pension benefits and may differ from totals supplied by companies. Separate from his annual compensation Levine realized on vesting stock awards. Famil! y Dollar is expected to release same store sales for the month of November on Thursday. Same store sales or sales at stores open at least a year is a key measure of retailer performance because it measures growth at existing stores rather than from newly opened ones. The company previously said it expects same store sales for the month ending Dec. to increase between percent and percent from the comparable period last year. In late November pieces of Chinese made children s jewelry sold by Family Dollar were recalled after they were found to be contaminated with lead. Family Dollar shares fell cents to close at . . Email Story Set News Alert Print Story Copyright Yahoo Inc. All rights reserved. Privacy Policy Terms of Service Copyright The Associated Press. All rights reserved. The information contained in the AP News report may not be published broadcast rewritten or redistributed without the prior written authority of The Associated Press.
Source: http://biz.yahoo.com/ap/080513/family_dollar_stores_inc_executive_compensation_correctiv! .html?.v=2
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