Summary of Compensation Arrangement with Executive Officer (Carrie L. Majeski) – Art’s-Way Manufacturing Co., Inc.
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Summary
Art’s-Way Manufacturing Co., Inc. has an at-will employment arrangement with Carrie L. Majeski, who serves as President, CEO, and Principal Financial Officer. For the 2008 fiscal year, the company orally agreed to pay Ms. Majeski an annual base salary of $100,000. There is no written employment contract, and the terms are based on an oral agreement.
EX-10.6 5 v141271_ex10-6.htm
Exhibit 10.6
Summary of Compensation Arrangements with Executive Officer
2008 Fiscal Year
Carrie L. Majeski currently serves as the President, Chief Executive Officer and Principal Financial Officer of Art’s-Way Manufacturing Co., Inc. (the “Company”). The “at-will” employment relationship between Ms. Majeski and the Company is not currently governed by a written employment agreement. During the 2008 fiscal year, the Company orally agreed to pay Ms. Majeski an annual base salary of $100,000.
