Symyx Technologies Inc. (SMMX, Financial) filed Amended Annual Report for the period ended 2009-12-31.
Symyx Technologies Inc. has a market cap of $195 million; its shares were traded at around $5.62 with a P/E ratio of 31.1 and P/S ratio of 1.3. SMMX is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
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Symyx Technologies Inc. has a market cap of $195 million; its shares were traded at around $5.62 with a P/E ratio of 31.1 and P/S ratio of 1.3. SMMX is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
In setting executive compensation in a given year, our Compensation Committee may elect to review, among other factors, company performance, historical and current compensation levels for our executive officers, and in some cases benchmarking analysis conducted by the company s Human Resources department, and/or by the company s external compensation consultants. In addition, in setting the compensation of our Chief Executive Officer, the Compensation Committee also considers in its analysis our Chief Executive s Officer s self-assessment. In 2009, the Compensation Committee also considered, in setting the Chief Executive Officer s compensation, the results of an appraisal of the Chief Executive Officer conducted by the Chairman, Mr. Pasternack, within the company. In determining 2009 compensation for our executive officers, the Compensation Committee reviewed various factors including company performance in 2008, general economic conditions, and the absence of a recommendation for a salary increase from company management. In its subjective assessment, the Compensation Committee did not consider it appropriate to increase compensation from 2008 levels. Based on its threshold determination that salary increases were not warranted, the Compensation Committee did not deem it necessary to engage its compensation consultant to provide detailed analysis, or to conduct formal benchmarking analysis with respect to 2009. The Compensation Committee did approve an increase in the bonus (expressed as a percentage of annual base salary) achievable by two of our executive officers named in the summary compensation table (referred to as our “named executive officers”), Charles D. Haley and Richard Rosenthal, from 30% to 40%. The Compensation Committee approved this increase in achievable bonus for Messrs. Haley and Rosenthal primarily based on its agreement with the CEO s recommendation that the bonus percentage for Senior Vice Presidents should be harmonized at a level (40%) closer to the bonus percentage achievable by the CEO, EVPs, and the heads of the company s business units (65%).Read the The complete Report
