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SanDisk CEO's Total Comp In 2011 Soars To $12.2 Million From $4.1 Million

By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- SanDisk Corp.'s (SNDK) chief executive saw a three-fold increase in total compensation last year, his first year at the helm of the company. Sanjay Mehrotra's compensation totaled $12.2 million in 2011, up from $4.1 million the previous year. Mehrotra, who served as president and chief operating officer from 2006 through 2010, became CEO at the beginning of last year upon the retirement of Eli Harari. Mehrotra's compensation was boosted by an increase in stock awards to $3.7 million from $752,809 and a rise in option awards to $6.1 million from $1.3 million in 2010. His salary increased 35%, to $807,692. By comparison, Harari received total compensation of $29.5 million his final year as CEO, boosted by large stock and option awards. His salary before that, in 2009, totaled $4.1 million. Meanwhile, Chief Financial Officer Judy Bruner's total compensation rose 20%, to $2.98 million. Her option awards jumped 67%, to $1.1 million, while her stock awards soared 71%, to $644,820. SanDisk reported record revenue last year, boosted by demand for its memory chips used in devices like smartphones and tablets. But the company has been struggling of late as inventories grow and prices fall. Some of its handset customers have been struggling, in turn hurting demand for SanDisk's products. The company earlier this month reported its first-quarter earnings fell 49%. The period marked the fifth in a row for weaker earnings. -By Shara Tibken, Dow Jones Newswires; 212-416-2189; shara.tibken@dowjones.com

Stock News for Sandisk (SNDK)
DateTimeHeadline
02/10/201615:26:59Amended Statement of Ownership (sc 13g/a)
02/10/201615:22:31Amended Statement of Ownership (sc 13g/a)
02/10/201610:30:12Amended Statement of Ownership (sc 13g/a)
02/05/201617:23:17Proxy Statement - Merger or Acquistion (definitive) (defm14a)
02/04/201614:03:35Current Report Filing (8-k)
02/04/201614:02:02Filing of Certain Prospectuses and Communications in Connection...
02/04/201614:01:37Filing of Certain Prospectuses and Communications in Connection...
02/04/201609:00:00EU Clears Western Digital's SanDisk Acquisition
01/29/201606:51:17Filing of Certain Prospectuses and Communications in Connection...
01/29/201606:06:22Filing of Certain Prospectuses and Communications in Connection...
01/29/201606:05:55Filing of Certain Prospectuses and Communications in Connection...
01/28/201618:10:00Western Digital Profit Slides 43% in Latest Quarter
01/27/201617:30:00SanDisk Profit Falls but Still Tops Expectations
01/27/201616:51:20Current Report Filing (8-k)
01/27/201616:47:47Filing of Certain Prospectuses and Communications in Connection...
01/27/201616:05:00SanDisk Announces Fourth Quarter and Fiscal 2015 Results
01/19/201606:10:04Filing of Certain Prospectuses and Communications in Connection...
01/19/201606:08:41Current Report Filing (8-k)
01/19/201606:06:53Filing of Certain Prospectuses and Communications in Connection...
01/05/201619:00:00SanDisk Expands Its Portable SSD Lineup with New All-Terrain...

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