American Consumers, Inc. Executive Officer Base Salary Summary for Fiscal 2008
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Summary
This document outlines the annual base salaries for the 2008 fiscal year for two executive officers of American Consumers, Inc.: Michael A. Richardson, Chairman, President, and CEO, and Paul R. Cook, Executive Vice President, Treasurer, and CFO. The Board of Directors, following the Compensation Committee's recommendation, decided to keep their base salaries unchanged from the previous year. Richardson's salary is $88,400 and Cook's is $66,976.
EX-10.25 10 ex10_25.txt EXHIBIT 10.25 EXHIBIT 10.25 NARRATIVE SUMMARY OFAMERICAN CONSUMERS, INC. -------------------------------------------- EXECUTIVE OFFICER BASE SALAIRES FOR FISCAL 2008 ----------------------------------------------- The following table sets forth the base salaries established for the fiscal year ending in May 2008 for those executive officers of American Consumers, Inc. (the "Company") who qualify as "named executive officers" pursuant to Item 402(a)(3) of Securities and Exchange Commission Regulation S-K. The Board of Directors of the Company, acting upon the recommendation of the Board's Compensation Committee, has elected to leave these base salaries unchanged from the base salaries for these officers for the Company's 2007 fiscal year.
