Summary of Executive Officer Compensation Arrangements for 2007

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual base salaries for the company's executive officers and directors for 2007. The executives are employed on an at-will basis, with no formal written or oral employment agreements currently in place. Compensation arrangements, including salaries, are subject to review and modification by the Compensation and Stock Option Committee of the Board of Directors. Additional details about bonus plans and other compensation are referenced in the company's most recent Proxy Statement.

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EX-10.34 3 exh10-34.htm COMPENSATION ARRANGEMENTS 2006 Form 10-K Exhibit 10.34

Exhibit 10.34

SUMMARY OF COMPENSATION ARRANGEMENTS

Annual Base Salary

Our executive officers are "at will" employees. Currently we have no written or oral employment arrangements with our executive officers. A copy or description of any future such employment arrangement will be filed to the extent required.

The table below summarizes the current annual base salary we have with each of our named executive officers and directors. All of the compensation arrangements we have with our executive officers are reviewed and may be modified from time to time by the Compensation and Stock Option Committee of our Board of Directors.

Name

Annual Base Salary

William S. Boyd
Chairman and Chief Executive Officer   

2007:

$ 1,500,000

 

 

 

Robert L. Boughner
Director and Chief Executive Officer of Echelon Resorts Corporation

2007:

$ 1,050,000

 

 

 

Keith E. Smith
President, Chief Operating Officer and Director

2007:

$ 800,000

 

 

 

Paul J. Chakmak
Executive Vice President, Chief Financial Officer and Treasurer

2007:

$ 525,000

 

 

 

Marianne Boyd Johnson
Vice Chairman and Senior Vice President

2007:

$ 230,000

Bonus Plans, Director Compensation Arrangements and Other Compensation

The information regarding bonus plans, director compensation arrangements and other compensation is set forth in our most recent definitive Proxy Statement for the Annual Meeting of Stockholders (and any definitive Annual Proxy Statement filed after the date hereof), which information is incorporated herein by reference.