Named Executive Officers

Named Executive Officers Definition

A company's chief executive officer and four most highly compensated executive officers (other than the chief executive officer) who were serving as executive officers at the end of the last completed fiscal year. Additionally, if a company had more than one chief executive officer during the last completed fiscal year, all individuals who served in that capacity during the last completed fiscal year are considered to be "named executive officers." "Named executive officers" can also include up to two additional executive officers who would have been among the most highly compensated executive officers at the end of the fiscal year if they still had been serving as executive officers at the end of the fiscal year. Generally, however, executive officers whose total annual salary and bonus for the last fiscal year did not exceed $100,000 are not deemed "named executive officers."