Apotheker was recently ousted from the top post at HP after spending just 11 months on the job. Meg Whitman, the former CEO of eBay, has taken over. She will receive a base salary of just $1 per year, the regulatory filing shows.
Apotheker made several decisions during his tenure that drew criticism, including one to spin off HP's PC division, which it announced before it had found a buyer. HP missed its financial targets for the past three quarters and its stock dropped by nearly half while Apotheker was CEO.
In addition to the severance and bonus payments, he was awarded accelerated vesting of stock grants worth $3.5 million, . He is also eligible for funds to relocate back to France or Belgium, and up to $300,000 for any losses he incurs selling his California home.
When Apotheker signed on to the job, a base salary of $1.2 million and an annual bonus of 200 percent to 500 percent of his salary. He received hundreds of thousands of shares under various stock plans.
Apotheker also received a $4 million signing bonus and an additional $4.6 million for relocation expenses and other payments.