2017 Executive Compensation Summary for Named Officers of AETI
This document outlines the 2017 compensation arrangements for named executive officers of AETI, as approved by the Compensation Committee. It specifies each executive's base salary, target bonus, and the number of performance-based restricted stock units awarded under the 2007 Employee Stock Incentive Plan. The agreement sets out the financial terms for Charles M. Dauber, William C. Miller, Neal T. Hare, James J. Steffek, and William Brod for the year 2017.
Exhibit 10.37
Summary of Compensation For Named Executive Officers 2017*
In February 2017, the Compensation Committee of the Board of Directors established 2017 salary and target bonus applicable to our named executive officers as follows:
|
|
|
|
|
|
|
|
|
|
| Named Executive |
| 2017 |
|
| 2017 |
| ||
| Charles M. Dauber |
|
| 350,000 |
|
|
| 175,000 |
|
| William C. Miller |
|
| 210,000 |
|
|
| 100,000 |
|
| Neal T. Hare |
|
| 160,000 |
|
|
| 100,000 |
|
| James J. Steffek |
|
| 160,000 |
|
|
| 100,000 |
|
| William Brod |
|
| 200, 000 |
|
|
| 60,000 |
|
In connection with the 2017 salary and target bonus established for our named executive officers, the following were awarded performance-based restricted stock units under the 2007 Employee Stock Incentive Plan:
|
|
|
|
|
|
| Named Executive |
| Restricted Stock Units |
| |
| Charles M. Dauber |
|
| 80,000 |
|
| William C. Miller |
|
| 15,000 |
|
| William Brod |
|
| 24,911 |
|
