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EXHIBIT 10.39
TITAN MACHINERY INC.
COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
FOR FISCAL YEAR 2013
The Titan Machinery Inc. Board of Directors approved the 2013 fiscal year base salaries for the executive officers as set forth below.
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| 2013 Annual |
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Executive Officer and Title |
| Base Salary |
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David J. Meyer |
| $ | 400,000 |
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Chairman and Chief Executive Officer |
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Peter J. Christianson |
| $ | 400,000 |
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President and Chief Operating Officer |
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Mark P. Kalvoda |
| $ | 225,000 |
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Chief Financial Officer |
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