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Exhibit 10.26
Summary of Oral Employment Agreements with Named Executive Officers
On February 7, 2007 the Compensation Committee of Great Lakes Dredge & Dock Corporation approved the 2007 annual base salaries of the Company’s named executive officers after review of performance and competitive market data. The following table sets forth the annual base salary levels for 2007 of the Company’s five named executive officers.
Name and Position |
| Salary |
| |
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Douglas B. Mackie (President and CEO) |
| $ | 420,000 |
|
Deborah A. Wensel (SVP and CFO) |
| $ | 255,000 |
|
Richard M. Lowry (EVP and COO) |
| $ | 410,000 |
|
David E. Simonelli (VP, Special Projects Manager) |
| $ | 175,000 |
|
Kyle D. Johnson (VP, Chief Contract Manager) |
| $ | 160,000 |
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