How Bandrowczak was paid
$12.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Steven J. BandrowczakChief Executive Officer | $1,100,000 | $11,466,184 | — | — | $15,642 | $12,581,826 |
| John BrunoPresident and Chief Operating Officer | $566,667 | $7,543,554 | — | — | $523,418 | $8,633,639 |
| Louis J. PastorPresident and Chief Operating Officer | $625,000 | $3,268,881 | — | — | $15,000 | $3,908,881 |
| Charles ButlerExecutive Vice President, Chief Financial Officer | $253,365 | — | $1,950,000 | $425 | $24,972 | $2,228,762 |
| Jacques-Edouard GuedenExecutive Vice President, Chief Channel and Partner Officer | $544,668 | $2,212,777 | — | — | $653,531 | $3,410,976 |
| Flor M. ColónExecutive Vice President, Chief Legal Officer and Corporate Secretary | $505,000 | $1,000,001 | — | — | $17,168 | $1,522,169 |
| Mirlanda GecajExecutive Vice President, Chief Financial Officer | $537,500 | $2,011,613 | — | — | $40,238 | $2,589,351 |
| Xavier HeissExecutive Vice President, Chief Financial Officer | $57,768 | — | — | — | $557,053 | $614,821 |
What changed and why
- Fiscal 2025 marked a transitional year highlighted by the acquisition of Lexmark International.
- The Committee determined that no annual incentive payouts would be made under the 2025 MIP.
- Louis J. Pastor succeeded Steven J. Bandrowczak as Chief Executive Officer effective March 31, 2026.
- The company is seeking an increase in the equity plan share reserve to support retention.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.