( CNN ) -- Declaring 2010 `` the best year in safety performance in our company 's history , '' Transocean Ltd. , owner of the Gulf of Mexico oil rig that exploded , killing 11 workers , has awarded its top executives hefty bonuses and raises , according to a recent filing with the U.S. Securities and Exchange Commission . That includes a $ 200,000 salary increase for Transocean president and chief executive officer Steven L. Newman , whose base salary will increase from $ 900,000 to $ 1.1 million , according to the SEC report . Newman 's bonus was $ 374,062 , the report states . Newman also has a $ 5.4 million long-term compensation package the company awarded him upon his appointment as CEO in March 2010 , according to the SEC filing . The latest cash awards are based in part on the company 's `` performance under safety , '' the Transocean filing states . `` Notwithstanding the tragic loss of life in the Gulf of Mexico , we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate , '' the SEC statement reads . `` As measured by these standards , we recorded the best year in safety performance in our Company 's history . '' The company called that record `` a reflection on our commitment to achieving an incident-free environment , all the time , everywhere , '' the SEC filing states . The company did not respond to an e-mail from CNN seeking comment . The April 20 , 2010 , explosion on the Deepwater Horizon rig injured 17 workers and killed 11 others , including nine Transocean employees , according to the SEC filing . It has been called the worst spill in U.S. history . The well was capped three months later , but not before millions of barrels of oil spilled into the Gulf . In January , President Barack Obama 's National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling released a report that spread blame for the accident among Transocean , BP -- which leased the rig -- and Halliburton , which installed the rig 's cement casing . The commission said problems with deepwater drilling are `` systemic '' and that only `` significant reform '' will prevent another disaster . Another report released March 23 determined that the oil spill was caused by a piece of drill pipe trapped in the rig platform 's blowout preventer , a device intended to stop oil from flowing into the Gulf . The report was commissioned by various U.S. agencies , including the Interior Department and the Department of Homeland Security . The Interior Department has said a much broader report that relies on additional sources of data -- including eyewitness accounts and photographs -- will be released this summer . The oil spill has prompted a flood of lawsuits against BP , Transocean and Halliburton from a variety of plaintiffs , including owners of Gulf shore businesses who claim they suffered heavy financial losses because of the spill . The plaintiffs also include Transocean shareholders who contend the company falsely claimed it had remedied past safety problems with its blowout preventers , prior to the Gulf spill .
Transocean executives get pay raises , bonuses , SEC filing says . Cash awards based in part on company safety record . Despite Gulf oil spill , company claims 2010 `` best year in safety ''