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Content analysis
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Constraining | ||
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8th grade Avg
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- 10-Q Quarterly report
- 10.1 Summary Sheet for Executive Cash Compensation
- 10.2 Award Formula
- 10.3 Description of the Company's Key Management Incentive Compensation Plan
- 12 Computation of Ratio of Earnings to Fixed Charges
- 31.1 Section 302 CEO Certification
- 31.2 Section 302 CFO Certification
- 32.1 Section 906 CEO Certification
- 32.2 Section 906 CFO Certification
EXHIBIT 10.1
SUMMARY SHEET FOR EXECUTIVE CASH COMPENSATION
The following table sets forth the current base salaries provided to the Company’s CEO and four most highly compensated executive officers. Salary increases are normally determined annually in March.
Executive Officer | Current Salary | |
Felix E. Wright | 842,520 | |
David S. Haffner | 716,140 | |
Karl G. Glassman | 572,915 | |
Jack D. Crusa | 275,000 | |
Joseph D. Downes, Jr. | 250,000 |
Executive officers are also eligible to receive a bonus each year under the Company’s 2004 Key Officers Incentive Plan (filed as Exhibit 10.13 to the Company’s Form 10-K for the year ended December 31, 2005). Bonuses are calculated pursuant to the Award Formula filed as Exhibit 10.2 to this Form 10-Q. The target percentages under this plan for the Company’s CEO and four most highly compensated executive officers are as shown in the following table.
Executive Officer | Target Percentage | ||
Felix E. Wright | 70 | % | |
David S. Haffner | 60 | % | |
Karl G. Glassman | 50 | % | |
Jack D. Crusa | 44 | % | |
Joseph D. Downes, Jr. | 44 | % |