NIWOT
Bonus plan created for Crocs executives
Crocs Inc. has created an incentive-based bonus program for eight company leaders, the firm said in a regulatory filing Friday.
The compensation committee of the company’s board of directors has approved a two-level plan under which officers will receive bonuses based on the company’s earnings per share. If the company has 2006 earnings per share of 78 cents, executives will get bonuses ranging from 100 percent of annual salary for chief executive Ron Snyder to 50 percent of annual salary for executives including customer-relations vice president Lyndon Hanson III.
If earnings reach 98 cents per share, a second bonus will be awarded, ranging from another 100 percent of salary for Snyder to 25 percent for Hanson.
DENVER
Newmont settles with Peruvian protesters
Newmont Mining Corp. said Friday it has settled with Peruvian villagers involved in a one-day demonstration over jobs that was marred by the death of a protester at a mine in the Andes north of Lima.
About 100 residents were involved in Wednesday’s clash with police and employees at the Mineras Yanacocha complex near Combayo about 350 miles north of Lima, Newmont spokesman Randy Engel said.
Newmont, one of the world’s largest gold producers, owns about 51 percent of Mineras Yanacocha.
Ricardo Morel, a Yanacocha spokesman, told The Associated Press in Lima that the protesters said the victim, identified as Isidro Llanos, was shot, but police issued a report saying no bullets were fired.
DENVER
Frontier’s flier traffic jumps 21% in July
Frontier Airlines Holding Inc. on Friday posted a 21 percent increase in passenger traffic for July amid stronger overall summer business for the airline industry.
The Denver-based discount carrier also said it carried more passengers on each flight as its load factor rose to 85.2 percent, up 3.3 percent from July 2005. Load factor measures the number of seats filled on planes.
Frontier passengers totaled 915,849 for July, compared with 757,091 in July 2005. Revenue passenger miles, referring to the number of miles that paying passengers are flown, increased 16.1 percent to 849.3 million, up from 731.3 million the previous July. Available seat miles totaled 996.4 million, up 11.6 percent.
DENVER
2 Matrix Capital Bank laptops pilfered
Matrix Bancorp Inc. said Friday that two laptop computers belonging to Matrix Capital Bank have been stolen from the company’s headquarters tower at 17th and California streets.
“At this time, the company has no reason to believe that any confidential customer information has been compromised or used for illicit purposes,” the company said in a statement.
Matrix said it is working with the FBI and Denver police. It is also offering a potential $50,000 reward for information that leads to the recovery of the computers. Call 720-932-4216.
FROM STAFF AND WIRE REPORTS
