By Shara Tibken The total compensation for NetApp Inc.'s (NTAP) chief executive slid 9% to $7.6 million in fiscal 2012, hurt by a drop in compensation tied to meeting financial targets. Tom Georgens, who also serves as president, received $610,521 in nonequity incentive plan compensation, or a performance-based bonus, in the fiscal year ended April 27, down from $2.22 million the previous year. According to a regulatory filing, his performance-based bonus was 68.3% of his base salary, while the amount was more than triple his base salary in 2011. Mr. Georgen's salary totaled $893,750, up 3.6% year-over-year, while option awards also increased, according to a regulatory filing. NetApp has been struggling in recent periods and in May issued bleak guidance for the fiscal first quarter. The Sunnyvale, Calif., company, which stores and manages clients' information, has continued to suffer as some customers have held back spending on data centers, especially by government and financial-services companies. Its results have contrasted with rival EMC Corp. (EMC), which has been reporting solid quarterly results. Write to Shara Tibken at shara.tibken@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires
