Dex One will pay its new CEO an annual base salary of $975,000, according to filings with the Security and Exchange Commission.
Alfred T. Mockett, who takes over as CEO and president of the Cary yellow pages publisher on Monday, will also have a chance to boost his salary with a $975,000 bonus if he meets various goals established by the company's board.
Earlier this week, the company had announced that Mockett would also receive roughly a million shares of restricted and premium-priced Dex One shares.
Mockett replaces David Swanson who retired as CEO in May after leading the company through bankruptcy. Swanson's base salary in 2009 was $960,247, but his total compensation package was valued at $7.9 million, according to regulatory filings.