Dutkowsky To Get $900K Base Pay As New Tech Data Chief

In addition, Dutkowsky will receive 300,000 share options and 40,000 granted shares of the Clearwater, Fla.-based distributor's stock this year. For the 2008 fiscal year, he will get an additional 200,000 share options and 20,000 granted shares, according to the filing.

The 51-year-old Dutkowsky on Wednesday was named to succeed Steve Raymund as CEO of Tech Data, a $20 billion public company.

The options will vest in equal quarterly installments over three years and are subject to a $20 cap in maximum appreciated value per share.

If Dutkowsky resigns with "good reason" or his employment is terminated for other than gross misconduct, he will receive severance benefits for two years.

Raymund, Tech Data's CEO for the past 20 years and chairman since 1991, has received a $1 million base salary for the past three years. In the 2006 fiscal year that ended Jan. 31, he also earned $891,000 in bonuses and $21,000 in other compensation.

Raymund also has beneficial ownership of 2.6 million Tech Data shares, which represents 4.7 percent of all the company's shares, according to a May SEC filing.

Tech Data shares were trading at $35.65 Wednesday afternoon, up 8 cents per share.