| | | | | | | | | | | | | | | | | | | | | | | | | Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($) (1) (2) | | Option Awards ($) (1) (2) | | Non-Equity Incentive Plan Compensation ($) (3) | | All Other Compensation ($) (4) | | Total ($) (5) | Omar M. Asali, President and Chief Executive Officer | | 2015 | | 500,000 |
| | — |
| | 10,348,776 |
| | 1,809,401 |
| | 171,000 |
| | 50,000 |
| | 12,879,177 |
| | 2014 | | 500,000 |
| | — |
| | 12,227,772 |
| | 2,017,608 |
| | 7,886,000 |
| | 138,839 |
| | 22,770,219 |
| | 2013 | | 500,000 |
| | — |
| | 10,055,560 |
| | 1,934,395 |
| | 8,000,000 |
| | 49,940 |
| | 20,539,895 |
| Thomas A. Williams, former Executive Vice President
and Chief Financial Officer | | 2015 | | 500,000 |
| | 1,000,000 |
| (6) | 3,721,321 |
| | 648,673 |
| | — |
| | 63,000 |
| | 5,932,994 |
| | 2014 | | 500,000 |
| | — |
| | 4,554,840 |
| | 750,825 |
| | 2,836,000 |
| | 62,750 |
| | 8,704,415 |
| | 2013 | | 500,000 |
| | — |
| | 1,835,004 |
| | 351,865 |
| | 2,980,000 |
| | 60,000 |
| | 5,726,869 |
| David M. Maura, Executive Vice President of Investments and Managing Director
| | 2015 | | 500,000 |
| | — |
| | 5,044,576 |
| | 866,770 |
| | 135,000 |
| | 50,000 |
| | 6,596,346 |
| | 2014 | | 500,000 |
| | — |
| | 11,889,468 |
| | 1,966,376 |
| | 3,844,000 |
| | 50,000 |
| | 18,249,844 |
| | 2013 | | 500,000 |
| | — |
| | 8,044,448 |
| | 1,547,516 |
| | 7,778,000 |
| | 50,000 |
| | 17,919,964 |
| Michael J. Sena, former Senior Vice President and Chief Accounting Officer (7) | | 2015 | | 173,077 |
| | — |
| | 629,897 |
| | 109,200 |
| | — |
| | 33,781 |
| | 945,955 |
| | 2014 | | 250,000 |
| | — |
| | 611,388 |
| | 100,084 |
| | 480,000 |
| | 23,231 |
| | 1,464,703 |
| | 2013 | | 211,538 |
| | 100,000 |
| | 83,300 |
| | 108,123 |
| | 400,000 |
| | 19,003 |
| | 921,964 |
| Philip A. Falcone, former Chairman of the Board, and Chief Executive Officer (8) | | 2015 | | 84,615 |
| | — |
| | — |
| | — |
| | 3,300,000 |
| | 20,550,000 |
| | 23,934,615 |
| | 2014 | | 488,462 |
| | — |
| | — |
| | 9,669,990 |
| | 17,500,000 |
| | 50,000 |
| | 27,708,452 |
| | 2013 | | — |
| | — |
| | — |
| | — |
| | — |
| | 50,000 |
| | 50,000 |
|
| | | (1) | All stock and option awards were granted under the Harbinger Group Inc. 2011 Omnibus Equity Award Plan (the “2011 Plan”). These columns reflect the aggregate grant date fair value of the awards computed in accordance with FASB ASC Topic 718 (disregarding any risk of forfeiture assumptions). For a discussion of the relevant valuation assumptions, See Note 18 to Consolidated Financial Statements included in the Original 10-K. | (2) | As discussed in greater detail above, equity awards granted pursuant to the 2015 Bonus Plan were issued after the end of our Fiscal 2015 and are not presented in this table. Such grants will be presented in next year’s table. Notwithstanding the foregoing, we do disclose these awards in this report under section titled “Equity Grants Awarded After Fiscal 2015 Pursuant to the 2015 Bonus Plan.” The equity awards presented in this table were granted in November and December 2014 pursuant to the bonus plan for Fiscal 2014 (the “2014 Bonus Plan”). The equity awards made pursuant to the 2014 Bonus Plan were not included in the Summary Compensation Table or Grants of Plan-Based Awards Table in our report for Fiscal 2014 because such awards were not granted until after the end of our Fiscal 2014. These awards were disclosed, however, in the Compensation Discussion and Analysis in our report for Fiscal 2014. Pursuant to the 2014 Bonus Plan, the following grants were made in November and December 2014: (A) On November 25, 2014, Mr. Asali was granted (i) $1,312,326, in the form of 98,228 fully vested shares of our Common Stock, (ii) $9,036,450, in the form of 676,381 shares of restricted stock which vest as follows: 98,228 on November 29, 2015, 289,077 on November 29, 2016, and 289,076 on November 29, 2017 and (iii) $1,809,401, in the form of nonqualified stock options to purchase 340,232 shares of our Common Stock which vest as follows: 43,145 were vested on the date of grant, 43,145 on November 29, 2015, 126,971 on November 29, 2016 and 126,971 on November 29, 2017. (B) On November 25, 2014, Mr. Williams was granted (i) $524,928, in the form of 39,291 fully vested shares of our Common Stock, (ii) $3,196,393, in the form of 239,251 shares of restricted stock which vest as follows: 39,291 on November 29, 2015, 99,980 on November 29, 2016, and 99,980 on November 29, 2017 and (iii) $648,673, in the form of nonqualified stock options to purchase 122,344 shares of our Common Stock which vest as follows: 17,258 were vested on the date of grant, 17,258 on November 29, 2015, 43,914 on November 29, 2016 and 43,914 on November 29, 2017. (C) On November 25, 2014, Mr. Maura was granted (i) $1,049,856, in the form of 78,582 fully vested shares of our Common Stock, (ii) $3,994,720, in the form of 299,006 shares of restricted stock which vest as follows: 78,582 on November 29, 2015, 110,212 on November 29, 2016, and 110,212 on November 29, 2017 and (iii) $866,770, in the form of nonqualified stock options to purchase 165,848 shares of our Common Stock which vest as follows: 34,516 were vested on the date of grant, 34,516 on November 29, 2015, 48,408 on November 29, 2016 and 48,408 on November 29, 2017. (D) On November 25, 2014, Mr. Sena was granted (i) $104,983, in the form of 7,858 fully vested shares of our Common Stock, (ii) $524,914, in the form of 39,290 shares of restricted stock which vest as follows: 7,858 on November 29, 2015, 15,716 on November 29, 2014, and 15,716 on November 29, 2017 and (iii) $109,200, in the form of nonqualified stock options to purchase 20,709 shares of our Common Stock which vest as follows: 3,452 were vested on the date of grant, 3,452 on November 29, 2015, 6,903 on November 29, 2016 and 6,902 on November 29, 2017. | (3) | For Fiscal 2015, reflects the cash portion of the incentive awards earned by our named executive officers pursuant to the 2015 Bonus Plan with respect to services performed for the Company during Fiscal 2015. For Mr. Falcone this amount is pursuant to the Falcone Separation Agreement. As discussed in great detail under the heading “Annual Bonus Plan-Corporate Bonus” above, in Fiscal 2015, we reduced deferred cash bonuses previously granted to Messrs. Asali, Williams and Maura in Fiscal 2013 and 2014 pursuant to the terms of the 2015 Bonus Plan. | (4) | For Fiscal 2015, (i) for Mr. Falcone, amounts in this column represent a one-time severance payment of $20.5 million, pursuant to the Falcone Separation Agreement and the value of his FlexNet cash benefit of $50,000, utilized for transportation services during Fiscal 2015, (ii) for Mr. Asali, amounts in this column represent the value of his FlexNet cash benefit of $50,000, utilized for transportation; (iii) for Mr. Williams, amounts in this column represent the Company’s matching contribution under our 401(k) Plan in the amount of $10,000 and the value of his FlexNet cash benefit of $50,000, utilized for transportation services, technology reimbursement, financial services and health and welfare programs; (iv) for Mr. Maura, amounts in this column represent the value of his FlexNet cash benefit of $50,000, utilized for health and welfare programs, transportation and travel services; (v) for Mr. Sena, amounts in this column represent the Company’s matching contribution under our 401(k) Plan in the amount of $8,781 and the value of his FlexNet cash benefit of $25,000, utilized for health and welfare programs, tax preparation and technology. | (5) | See section titled “HRG Subsidiary Fees” above for a discussion of the compensation received by certain of our named executive officers from our subsidiaries during Fiscal 2015. Such amounts are not reflected in this table. | (6) | This represents the amount earned pursuant to the Williams Retention and Release Agreement. | (7) | Mr. Sena’s Fiscal 2015 base salary represents the amount he earned from September 30, 2014 through May 20, 2015, which was the date his employment with the Company terminated. | (8) | Mr. Falcone’s base salary represents the amount he earned from September 30, 2014 through December 1, 2014 ,which was the date his employment with the Company was terminated. |
Agreements with Named Executive Officers Employment Agreements with Messrs. Asali, Williams, Maura and Sena On February 11, 2014, the Company entered into amended and restated employment agreements with Messrs. Asali, Williams and Maura. Each amended and restated employment agreement provides for a one year term which automatically
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