As a private company, Dell doesn't have to disclose financial information publicly. But its holding company, Denali Holding, does have to make certain things public, especially concerning the bid to acquire EMC in an acquisition worth about $60 billion. Last week, a Denali U.S. Securities and Exchange Commission filing related to the acquisition made public for the first time Dell's financial results for its 2016 fiscal year, which ended Jan. 29, and its executive compensation.
In addition to disclosing a $1.1 billion loss for the year, the filing explains that executives received bonuses despite the fact that Dell "failed to meet corporate performance objectives" for the year. The filing details executive compensation for the company's most highly compensated "named" executives, "each of whom is expected to serve as an executive officer of Denali following the merger": Chairman and CEO Michael Dell, Senior Vice President and CFO Thomas Sweet, Chief Integration Officer Rory Read, Vice Chairman and President of Operations and Client Solutions Jeffrey Clarke and President and Chief Commercial Officer of Enterprise Solutions Marius Haas. Here, from the filing, are some key facts about Dell's executive compensation.