DETROIT - General Motors Corp. Chairman and CEO Rick Wagoner received compensation valued at $15.7 million for 2007, up 64 percent from the previous year, according to a federal regulatory filing the company made on Friday.

Wagoner earned $1.56 million in salary and no bonus last year, but he received incentive awards of $1.8 million, and stock options and restricted stock valued at $11.7 million, according to the filing with the U.S. Securities and Exchange Commission.

His package in 2006 was worth $9.57 million, including $1.28 million in salary, no bonus, no incentive awards, and stock options and restricted stock valued at $7.5 million.

GM spokeswoman Julie Gibson said the stock options and restricted stock are based on future performance that will be paid out over three to five years. Depending on company and share performance, Wagoner may not see all the money, she said.

“That’s compensation that is paid out over a period of years,” she said. “That is not his 2007 take-home pay.”

The Associated Press calculates total pay including executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock and options awards granted during the year. The calculations don’t include changes in the present value of pension benefits or the company’s cost of stock and options granted before 2006, and the figures can differ from the company’s total.

GM lost a record $38.7 billion in 2007, largely due to a charge for unused tax credits. Without the charges and other one-time items, the company lost $23 million.

Also in the filing, the company said it had changed its pension plan so executives can retire at age 60 with full benefits. The company’s retirement age was 62. The AP does not include pensions in its compensation figure.

Wagoner received $45,291 for personal and business use of company aircraft, $164,561 worth of security benefits and $185,472 for life insurance and death benefits, according to the filing.

The company said in its filing that it had made significant progress last year in new vehicles, sales and marketing, quality, global growth and cost reductions.

GM also said that Neville Isdell, the outgoing chief executive of Coca-Cola Co., would join its board of directors. Isdell, who has been CEO of Coke since 2004, is stepping down from his post effective July 1 but will remain as chairman of the Atlanta-based company’s board until April 2009.

GM said eight shareholder proposals would be under consideration at the annual meeting in Wilmington, Del., on June 3. Several proposals have failed to win approval in previous years and the company opposes the changes.

The proposals include measures requiring a detailed reporting of political contributions made by the company, the support of health care reforms that include universal coverage, and a proposal by the Community of the Sisters of St. Dominic of Caldwell, N.J., that the company set goals to reduce greenhouse gas emissions.

Other changes include requiring the board to adopt cumulative voting so shareholders can cast as many votes as they hold shares; allowing shareholders with 10 percent or more of GM stock to call a special shareholders’ meeting; and requiring that 75 percent of future stock compensation for senior executives be performance-based.

John Chevedden, a Redondo Beach, Calif., shareholder activist, offered a resolution that would allow put executive compensation packages to a nonbinding vote of shareholders.

He said investors who oppose to pay packages can only vote against the members of the board’s compensation committee who are seeking re-election, which he called “a blunt and insufficient instrument for registering dissatisfaction.”

GM’s board said it would oppose the measure, noting that it discusses compensation issues with large investors.

“We do not believe a symbolic annual advisory vote would provide the Board with any useful information,” the company said.