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Allete Inc
Executive Salaries, Bonuses, Stock Options, and Other Compensation

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Company Information
Company NameAllete Inc
Stock SymbolALE
Business Address30 W SUPERIOR ST
DULUTH, MN 55802-2093
IndustryElectric & Other Services Combined
Fiscal Year-End12/31
State of IncorporationMN
Telephone Number218-279-5000

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Proxy Statement Filing Years - 2011   2010   2009   2008   2007   2006   2005   2004  

Allete Inc filed the compensation data below on 3/22/2011

 

 

 

 

 

 

 

 

 

 

 

 

(g)

 

 

 

 

 

(a)
Name and

Principal Position

 

(b)
Year

 

(c)
Salary(1)

 

(d)
Stock

Awards(2)

 

(e)
Option

Awards(3)

 

(f)
Non-Equity

Incentive
Plan
Compensation(4)

 

Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings(5)

 

(h)
All Other

Compensation(6)

 

(i)
Total

 

Alan R. Hodnik

 

2010

 

 

$363,462

 

 

$362,240

 

 

$0

 

 

$222,642

 

 

$285,042

 

 

$48,393

 

 

$1,281,779

 

President and

 

2009

 

 

$268,998

 

 

$331,051

 

 

$0

 

 

$17,955

 

 

$105,382

 

 

$79,041

 

 

$802,427

 

Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark A. Schober

 

2010

 

 

$278,078

 

 

$140,058

 

 

$0

 

 

$128,878

 

 

$260,533

 

 

$50,909

 

 

$858,456

 

Senior Vice President and

 

2009

 

 

$275,000

 

 

$191,539

 

 

$0

 

 

$16,459

 

 

$198,186

 

 

$51,939

 

 

$733,123

 

Chief Financial Officer

 

2008

 

 

$272,085

 

 

$110,678

 

 

$54,734

 

 

$144,331

 

 

$164,692

 

 

$65,005

 

 

$811,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deborah A. Amberg

 

2010

 

 

$260,077

 

 

$118,372

 

 

$0

 

 

$107,272

 

 

$61,549

 

 

$40,089

 

 

$587,359

 

Senior Vice President,

 

2009

 

 

$257,000

 

 

$127,703

 

 

$0

 

 

$13,672

 

 

$51,696

 

 

$42,702

 

 

$492,773

 

General Counsel, and

 

2008

 

 

$254,785

 

 

$73,785

 

 

$36,488

 

 

$117,526

 

 

$43,029

 

 

$53,534

 

 

$579,147

 

Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

David J. McMillan

 

2010

 

 

$242,119

 

 

$93,372

 

 

$0

 

 

$99,233

 

 

$80,362

 

 

$38,297

 

 

$553,383

 

Senior Vice President —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketing, Regulatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and Public Affairs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Robert J. Adams

 

2010

 

 

$221,692

 

 

$70,014

 

 

$0

 

 

$68,614

 

 

$69,932

 

 

$31,901

 

 

$462,153

 

Vice President — Business

 

2009

 

 

$219,000

 

 

$95,769

 

 

$0

 

 

$8,738

 

 

$48,239

 

 

$35,520

 

 

$407,266

 

Development and Chief

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Donald J. Shippar(7)

 

2010

 

 

$268,804

 

 

$508,052

 

 

$0

 

 

$113,333

 

 

$1,805

 

 

$655,866

 

 

$1,547,860

 

Chair and Retired Chief

 

2009

 

 

$560,000

 

 

$578,325

 

 

$0

 

 

$44,688

 

 

$589,544

 

 

$149,257

 

 

$1,921,814

 

Executive Officer

 

2008

 

 

$553,827

 

 

$398,364

 

 

$131,359

 

 

$407,550

 

 

$689,641

 

 

$121,061

 

 

$2,301,802

 



*The above executive compensation data is an excerpt from the proxy statement filed for
Allete Inc on 3/22/2011

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