Summary Compensation Sheet for Named Executive Officers (2005)
This document outlines the annual base salaries for 2005 and incentive bonuses paid for 2004 to the company's named executive officers, as approved by the Board of Directors and Compensation Committee. It lists the names, positions, base salaries, and aggregate bonuses for each executive, providing transparency regarding executive compensation for the specified periods.
EXHIBIT 10.1
SUMMARY COMPENSATION SHEET FOR NAMED EXECUTIVE OFFICERS
At a meeting held on April 26, 2005, our Board of Directors ratified the decisions of the Compensation Committee (the “Committee”), with respect to the annual base salaries of our executive officers effective as of January 1, 2005. The following table sets forth those annual base salary levels for the year ended December 31, 2005 and annual incentive awards that were paid to our executive officers for the year ended December 31, 2004:
| Name and Position | Base Salary for the Year Ended December 31, 2005 | Aggregate Bonus for the Year Ended December 31, 2004 | ||||
| David F. Hofstatter Chief Executive Officer | $ | 275,000 | $ | 27,000 | ||
| Jason S. Spievak Chief Financial Officer | $ | 225,000 | $ | 31,500 | ||
| John M. Greathouse Executive Vice President of Sales and Business Development | $ | 200,000 | $ | 41,992 | ||
| David S. Trandal Vice President of Operations | $ | 160,000 | $ | 12,938 | ||
| Colin D. Kelley Chief Technology Officer | $ | 185,000 | $ | 17,250 | ||
| David A. Giannini Vice President of Engineering | $ | 190,000 | $ | 27,750 | ||
