SUMMARY OF COMPENSATION OF EXECUTIVE OFFICERS
Anheuser-Busch Companies, Inc. (the “Company”) does not have employment agreements
with any of its executive officers. The following is a description of executive officer compensation.
On November 28, 2007, the Compensation Committee (the “Committee”) of the Board of
Directors of the Company approved the annual base salaries effective January 1, 2008, of the
Company’s executive officers after review of performance and competitive market data. The
following table sets forth the 2008 base salary of the Company’s Named Executive Officers (which
officers were determined by reference to the Proxy Statement for the Company’s 2008 Annual
Meeting of Stockholders, dated March 10, 2008).
(¹) Mark Bobak resigned from the Company effective December 31, 2007.
Information regarding 2007 bonus payments is contained in the Company’s Form 8-K filed
with the Securities and Exchange Commission on February 1, 2008. Information regarding 2008
bonuses is contained in Exhibit 10.20 to this Form 10-K for the fiscal year ended December 31,
2007, filed with the Securities and Exchange Commission on February 29, 2008.
Also on November 28, 2007, the Committee approved grants of ten year incentive and non-
qualified stock option awards to approximately 3,000 officers and management employees of the
Company and its subsidiaries and affiliates eligible to receive such awards under the Company’s
2007 Equity and Incentive Plan including the Named Executive Officers for 2007. The 2007 Equity
and Incentive Plan is attached as Appendix B to the Proxy Statement for the Company’s 2007
Annual Meeting of Stockholders, dated March 12, 2007.
Name and Position
August A. Busch IV
President and Chief Executive Officer
W. Randolph Baker
Vice President and Chief Financial Officer
Mark T. Bobak (¹)
Group Vice Pre