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Big Executive Pay Raises at EnteroMedics (ETRMD) a Year After They Took Significant Cuts


3/22/2012 8:25:55 AM

Minneapolis / St. Paul Business Journal by Ed Stych, Web Producer

Pay was up nearly five times for CEO, more than four times for CFO. They both took significant pay cuts the year before.

Tracking the pay of Minnesota’s business leaders

Mark Knudson

CEO

EnteroMedics Inc. (Nasdaq: ETRM)

Headquarters: Roseville

Business: Makes an implantable anti-obesity medical device

Total pay

2011: $2.45 million, up 380 percent

2010: $510,000

2009: $1.75 million

Base salary

2011: $345,000

2010: $337,000

Bonus

2011: None

2010: None

Incentive pay

2011: $160,000

2010: $169,000

Stock awards

2011: None

2010: None

Option awards

2011: $1.94 million

2010: None

Change to value of pension

2011: None

2010: None

Other compensation

2011: $5,000

2010: $5,000

Total compensation for other highly-compensated executives:

Greg Lea, chief financial officer: $1.56 million, up 317 percent

Adrianus (Jos) Donders, senior vice president of research and advanced development: $567,000, up 61 percent Katherine Tweden, vice president of clinical and regulatory: $768,000, up 131 percent

Notes

Data comes from documents filed with the U.S. Securities and Exchange Commission.



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