Breaking News

Tweet TWEET

Ford 2013 Proxy Details Annual Meeting Information, Executive Compensation

  Ford 2013 Proxy Details Annual Meeting Information, Executive Compensation

PR Newswire

DEARBORN, Mich., March 15, 2013

DEARBORN, Mich., March 15, 2013 /PRNewswire/ --Ford Motor Company [NYSE: F]
today filed with the U.S. Securities and Exchange Commission its preliminary
proxy statement for the 2013 Annual Meeting of Shareholders.

The proxy announces details about the company's Annual Meeting, which is
scheduled for
8:30 a.m. EDT Thursday, May 9 at the Hotel du Pont, 11^th and Market Streets,
Wilmington, Del.

Included in the proxy are six company and two shareholder proposals requiring
the votes
of shareholders. In addition, details of compensation for the Named Executive
Officers are outlined.

"We believe our 2012 performance clearly shows our management team performed
exceedingly well in a difficult environment," the company said in its proxy
statement.

Ford continued on its road to sustained profitability in 2012 by delivering
results. The company reported:

  oEarning $8 billion in pre-tax operating profit and $5.7 billion in net
    income;
  oPosting Automotive operating-related cash flow of $3.4 billion;
  oIncreasing its liquidity by $2.1 billion over 2011 and ending the year
    with a strong liquidity position of $34.5 billion; and
  oRecord setting pre-tax profit and operating margin in North America,
    ending the year with $8.3 billion in profit and a 10.4 percent operating
    margin.

Ford also delivered on its growth strategy in 2012, as it:

  oLaunched 25 new or redesigned vehicles and 31 powertrains globally;
  oAchieved record revenue, wholesales and market share in Asia Pacific and
    China; and
  oContinued its largest and fastest manufacturing expansion in more than 50
    years, adding capacity to support aggressive growth plans in North America
    and Asia Pacific.

Additionally, Ford's credit rating was returned to investment grade by the
second of three major credit agencies in May, allowing for the return of the
company's pledged assets, including the Blue Oval. The Ford Motor Company
Board of Directors also reinstated a dividend in 2012 and doubled the dividend
during the first quarter of 2013, providing a direct financial return to
investors.

Because of Ford's performance during 2012, the Compensation Committee of the
Ford Board of Directors approved payments for salaried employees under the
company's Annual Incentive Compensation Plan (AICP). The proxy provides
specific details of total 2012 compensation for six Named Executive Officers.
(Note: The SEC requires companies to list chief financial officers among the
five Named Executive Officers in proxy statements. Ford listed six NEOs in its
2013 proxy as Lewis Booth retired and Bob Shanks became chief financial
officer, both effective April 1, 2012.)

The amounts shown in the proxy statement for stock and option awards represent
the grant date value of the awards under applicable accounting rules – not
actual compensation received by each Named Executive Officer.

Total 2012 compensation for Ford's five current Named Executive Officers and
its retired chief financial officer is:

  oAlan Mulally, president and CEO, earned $2,000,000 in salary and
    $3,950,000 in cash bonus in 2012. His total listed compensation in 2012 –
    including the grant date value of long-term stock options and other
    performance-based equity awards – was $20,995,806.
  oBill Ford, executive chairman, earned $2,000,000 in salary and $1,125,000
    in cash bonus in 2012. Bill Ford's total listed compensation – including
    the grant date value of long-term stock options and other
    performance-based equity awards – was $14,836,013.
  oMark Fields, Ford chief operating officer, earned $1,385,833 in salary and
    $2,340,000 in cash bonus in 2012. His total listed compensation –
    including the grant date value of long-term stock options and other
    performance-based equity awards – was $8,854,065.
  oBob Shanks, Ford executive vice president and chief financial officer,
    earned $700,000 in salary and $790,000 in cash bonus in 2012. His total
    listed compensation – including the grant date value of long-term stock
    options and other performance-based equity – was $5,181,848.
  oJim Farley, Ford executive vice president, Global Marketing, Sales and
    Service and Lincoln, earned $707,500 in salary and $655,000 in cash bonus
    in 2012. His total listed compensation – including the grant date value of
    long-term stock options and other performance-based equity awards – was
    $4,597,017.
  oLewis Booth, retired Ford executive vice president and chief financial
    officer, earned $312,500 in salary and $234,375 in cash bonus in 2012. His
    total listed compensation – including the grant date value of long-term
    stock options and other performance-based equity – was $3,103,087.

About Ford Motor Company

Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles across six continents. With
about 171,000 employees and about 65 plants worldwide, the company's
automotive brands include Ford and Lincoln. The company provides financial
services through Ford Motor Credit Company. For more information regarding
Ford's products, please visit www.ford.com.

SOURCE Ford Motor Company

Website: http://www.ford.com
Contact: Media: Jay Cooney, +1-313-319-5477, jcoone17@ford.com; Equity
Investment Community: Larry Heck, +1-313-594-0613, fordir@ford.com; Fixed
Income Investment Community: Molly Tripp, +1-313-621-0881, fixedinc@ford.com,
Shareholder Inquiries: +1-800-555-5259 or +1-313-845-8540, stockinf@ford.com
 
Press spacebar to pause and continue. Press esc to stop.