Modification to Director Compensation Agreement for AK Steel Holding Corporation Board
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.
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.
