According to a US Securities and Exchange Commission definitive proxy statement (DEF 14A) filing on Tuesday as well as an Associated Press analysis, the executive’s overall pay package was 21% lower than in 2010.
However, at the same time, the salary portion of Crutchfield’s compensation was up 18% to $1 million.
He received a $528,000 bonus but his stock options and awards, totaling $4.89 million, also lost 34% value.
Alpha released pay details for Crutchfield and other executives in the statement as part of its preparation for the company’s annual stockholders meeting set for May 17 at the Martha Washington Hotel and Spa in Abingdon, Virginia.
In addition to advisory approval of compensation for ANR’s leaders, the company will also vote on nine one-year board of director nominations.
As well as Crutchfield, up for election at the meeting are William Crowley Jr, E Linn Draper Jr, Glenn Eisenberg, P Michael Giftos, Deborah Fretz, Joel Richards III, James Roberts and Ted Wood.
The AP said it calculated pay packages of CEOs to isolate the value that respective company boards placed on total compensation packages, including salary as well as bonuses, incentives, options and awards and other benefits.
Alpha, which had two full quarters of Massey ownership in 2011, recorded a $677.4 million loss versus a $95.6 million profit in 2010.
Also, the producer’s revenue was $7.1 billion, an 81% increase with the addition of Massey’s portfolio.
