Non-Employee Director Annual Compensation Schedule (2016–2018)
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Summary
This document outlines the annual compensation for non-employee directors of the company for the years 2016, 2017, and 2018. It lists the annual retainer amounts for each director and notes that the 2018 retainer will be paid in equity. Additionally, non-employee directors receive cash payments each month for attending board and committee meetings. The agreement specifies the compensation structure but does not impose additional obligations or conditions beyond payment terms.
EX-10.5 2 ancxex105201710-k.htm EXHIBIT 10.5 Exhibit
Exhibit 10.5
Annual Compensation of Non-Employee Directors
2018 | 2017 | 2016 | ||||||||||
Name/Position | Retainer | Retainer | Retainer | |||||||||
Martin S. Friedman, Non-Employee Director | $ | 24,000 | $ | 27,000 | $ | 36,000 | ||||||
Thomas M. Kody, Non-Employee Director | $ | 24,000 | $ | 27,000 | $ | 36,000 | ||||||
John W. Edgemond IV, Non-Employee Director | $ | 24,000 | $ | 27,000 | $ | 36,000 | ||||||
J. Randolph Babbitt, Non-Employee Director | $ | 24,000 | $ | 27,000 | $ | 36,000 | ||||||
Michael G. Anzilotti, Non-Employee Director | $ | 36,000 | $ | 39,000 | $ | 48,000 | ||||||
John C. Lee, IV, Chairman and Non-Employee Director | $ | 36,000 | $ | 27,000 | $ | — | ||||||
Childs F. Burden, Non-Employee Director | $ | 24,000 | $ | 18,000 | $ | — | ||||||
Mary Leigh McDaniel, Non-Employee Director | $ | 24,000 | $ | 18,000 | $ | — | ||||||
Gary D. LeClair, Non-Employee Director | $ | 24,000 | $ | 18,000 | $ | — | ||||||
Janet A. Neuharth, Non-Employee Director | $ | 24,000 | $ | 18,000 | $ | — | ||||||
The Non-Employee Directors will be paid the 2018 retainer in equity.
In addition to the annual retainer, non-employee directors receive per meeting fees for board and committee attendance that are paid in cash monthly.
