Exhibit 99.1
MEMORANDUM
| TO: | Leigh J. Abrams |
| FROM: | Compensation Committee |
| RE: | Compensation – 2005 |
| DATE: | November 17, 2004 |
This memorandum is to confirm our understanding with respect to your compensation as President and Chief Executive Officer of Drew Industries Incorporated for 2005.
| 1. | Base Salary – $400,000 |
| 2. | Bonus – 2.5% of pre-tax profits in excess of $17,568,000, determined as follows: |
| Base (2004) | $16,068 | ||
| Acquisitions: | |||
| Zieman Manufacturing | |||
| (incremental amount) | 1,500 | ||
| Total | $17,568 | ||
AGREED:
/s/ James F. Gero
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James F. Gero, Chairman – Compensation Committee
/s/ Leigh J. Abrams
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Leigh J. Abrams