Modification to Director Compensation Agreement for AK Steel Holding Corporation Board

Summary

AK Steel Holding Corporation has updated its compensation policy for its Board of Directors. Effective July 1, 2006, the annual retainer for directors increases from $80,000 to $90,000. The retainer for the chair of the audit committee rises from $5,000 to $15,000, and for the chair of the compensation committee from $5,000 to $12,500. This agreement outlines the new compensation structure for board members and committee chairs.

EX-10.1 2 dex101.htm MODIFICATION TO COMPENSATION OF DIRECTORS Modification to Compensation of Directors

EXHIBIT 10.1

Compensation Summary Sheet

for the Board of Directors of

AK Steel Holding Corporation

The Board of Directors of the Company has increased the annual retainer to be paid to directors from $80,000 to $90,000, increased the retainer fee for the chair of the audit committee from $5,000 to $15,000, and increased the retainer fee for the chair of the compensation committee from $5,000 to $12,500. These changes were all effective July 1, 2006.