Briggs & Stratton Executive Officer Salary Increase Summary for Todd J. Teske (2005)
Briggs & Stratton Corporation increased the annual salary of Todd J. Teske to $450,000, effective September 1, 2005, following his appointment as Executive Vice President & Chief Operating Officer. This document summarizes the salary adjustment for Mr. Teske for the 2005 fiscal year. Other compensation details for Mr. Teske were previously disclosed in the company's 2005 Proxy Statement.
Exhibit 10.3
BRIGGS & STRATTON CORPORATION
FORM 10-Q for Quarterly Period Ended October 2, 2005
SUMMARY OF NAMED EXECUTIVE OFFICER
SALARY INCREASE
Effective September 1, 2005
Summary of Named Executive Officer Salary Increases
Effective September 1, 2005, in connection with Mr. Todd J. Teske’s appointment as Executive Vice President & Chief Operating Officer of Briggs & Stratton Corporation (the “Corporation”), Mr. Teske’s annual salary was increased to $450,000.
|
|
| Fiscal |
| Base |
| |
|
|
| Year |
| Salary |
| |
| Todd J. Teske |
| 2005 |
| $ | 450,000 |
|
| Executive Vice President & Chief Operating Officer |
| 2004 |
| $ | 252,735 |
|
Information related to the other elements of total compensation for this executive officer was previously disclosed in the 2005 Proxy Statement filed September 21, 2005.
