Howard B. Witt served as the CEO of Littelfuse, Inc. from 2004 until his retirement in December 2004. He joined the company in 1979 and worked his way up through various management roles, finally becoming President, Chairman, and CEO. During...

Number of Employees

17K

Year

2004

Total Compensation

$1.84M

Salary

$550.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate a high-quality management team, aligning executive compensation with company performance and shareholder value.

Bonus

$487.87K

Board Justification

The bonus is based on the company's performance metrics including sales, earnings per share, and cash flow for the fiscal year 2004.

Other

$803.78K

Board Justification

Other compensation includes life insurance premiums and consulting fees related to his retirement agreement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No restricted stock awards vested in 2004 as the awards were subject to performance goals and were not granted in that year.

Performance Metrics

Performance metrics include sales growth, earnings per share, and cash flow targets.

SEC Filing

From March 29, 2005