Bell Microproducts Inc. Stock Ownership Guidelines for Executive Officers and Directors (August 3, 2005)
Bell Microproducts Inc. has established stock ownership guidelines for its executive officers and non-employee directors. Non-employee directors are required to own at least 5,000 shares of company stock. The Chief Executive Officer must hold stock valued at a minimum of one times their annual salary, while other executive officers must hold stock valued at least half of their annual salary. These ownership levels must be met within five years of appointment, or by March 29, 2009 for those appointed on or before March 29, 2004.
EXHIBIT 10.2
BELL MICROPRODUCTS INC.
STOCK OWNERSHIP GUIDELINES
FOR EXECUTIVE OFFICERS AND DIRECTORS
AS OF AUGUST 3, 2005
As of August 3, 2005, the stock ownership guidelines for executive officers and directors of Bell Microproducts Inc. (the “Company”) are as follows:
Stock Ownership Policy for Officers and Directors
The Board of Directors has adopted stock ownership guidelines as listed below for the non-employee directors, the Chief Executive Officer and all other executive officers of the Company. Within five years from the appointment the director or executive officer should attain the ownership guideline. In the case of directors and executive officers elected on or before March 29, 2004, they should attain the ownership guideline on or before March 29, 2009:
| • | Non-employee directors – 5,000 shares |
| • | Chief Executive Officer — stock having a value equal to a minimum of 1 times the annual salary |
| • | Other executive officers — stock having a value equal to a minimum of 0.5 times the annual salary |
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