Techne Corporation Executive Officer Compensation Arrangement for Fiscal Year 2014
Techne Corporation's Executive Compensation Committee has approved the annual base salaries for its executive officers for the 2014 fiscal year. The agreement lists the names, titles, and corresponding base salaries for each executive, including the Chief Executive Officer, Chief Financial Officer, Chief Technical Officer, and Senior Vice Presidents. This arrangement sets the compensation terms for these officers for the specified fiscal year.
Exhibit 10.28
TECHNE CORPORATION
COMPENSATION ARRANGEMENT FOR THE EXECUTIVE OFFICERS
FOR FISCAL YEAR 2014
The Executive Compensation Committee of the Board of Directors of Techne Corporation approved the 2014 fiscal year base salary for the executive officers as set forth below.
| 2014 Annual | ||||
| Executive Officer and Title | Base Salary | |||
| Charles R. Kummeth | $ | 575,000 | ||
| Chief Executive Officer | ||||
| Gregory J. Melsen | $ | 375,000 | ||
| Vice Preisdent of Finance, Treasurer, and Chief Financial Officer | ||||
| J. Fernando Bazan | $ | 250,000 | ||
| Chief Technical Officer | ||||
| Marcel Veronneau | $ | 225,013 | ||
| Senior Vice President, Clinical Controls | ||||
| Kevin J. Reagan | $ | 276,504 | ||
| Senior Vice President Biotech | ||||
