| 13. Larry A. Mizel, MDC Holdings | 2014 Salary | % Total |
| % Change | Breakdown ($) | Comp |
| -61.73% | ||
| Base salary | 1,000,000 | 21.65% |
| Bonus | 0 | 0.00% |
| Stock Awards | 0 | 0.00% |
| Options Awards | 0 | 0.00% |
| Non-Equity Incentive | 3,500,000 | 75.78% |
| Change in Pension Value | 0.00% | |
| All Other Comp | 118,435 | 2.56% |
| TOTAL COMP | 4,618,435 |
- Mizel’s base salary was unchanged from 2013.
- Mizel’s non-equity incentive compensation tally of $3.5
million was the result of achieving two performance goals at their target
level.
A. The company attained an adjusted pre-tax return on beginning equity of 10.1%, exceeding the required threshold of 6.5%, which was the condition precedent.
B. The company attained a Pretax earnings-per-share of $2.52 (“excluding $0.46 of charges and expenses incurred in connection with the early extinguishment of debt.”) - The big drop in overall earnings reflect a change the company made in its non-equity incentives—last year, Mizel achieved the maximum $10 million, but the maximum was changed for 2014 to $6 million (of which he earned more than half
