Executive received options, bonus

DOW JONES NEWSWIRE
WASHINGTON -- Kmart Holding Corp. paid Chief Executive and President Julian Day a bonus of $1 million in 2003, according to a proxy filed with the Securities and Exchange Commission.
Day, who became CEO in January, received a base salary of $1 million.
Day was also granted stock options to buy 1,038,507 common shares at an exercise price of $10 a share, and an option to purchase 519,253 shares at an exercise price of $20 a share. Kmart shares closed Thursday at $45 a share.
Day was the only employee of Kmart to be granted stock options in fiscal 2003, according to the filing. The Troy, Mich., company emerged from bankruptcy in May.