EX-10.11: SUMMARY OF BASE COMPENSATION
EX-10.11 14 y11705exv10w11.htm EX-10.11: SUMMARY OF BASE COMPENSATION EXHIBIT 10.11
Exhibit 10.11
Summary of Base Salaries for 2005 Named Executive Officers
Effective August 1, 2005, the Compensation Committee of the Companys Board of Directors approved increases to the annual base salaries of the named executive officers, after a review of performance and competitive market data.
Year | ||||||||
(as of | ||||||||
Name and Position | August 1) | Base Salary | ||||||
Craig A. Davis Chairman and Chief | 2005 | $ | 913,750 | |||||
Executive Officer | 2004 | $ | 850,000 | |||||
Gerald J. Kitchen Executive Vice President, General Counsel, | 2005 | $ | 307,500 | |||||
Chief Administrative Officer and Secretary | 2004 | $ | 291,500 | |||||
David W. Beckley Executive Vice President and | 2005 | $ | 305,000 | |||||
Chief Financial Officer | 2004 | $ | 289,000 | |||||
E. Jack Gates Executive Vice President and | 2005 | $ | 342,500 | |||||
Chief Operating Officer | 2004 | $ | 325,000 | |||||
Daniel J. Krofcheck Vice President and | 2005 | $ | 212,500 | |||||
Treasurer | 2004 | $ | 202,000 |
The Compensation Committee of the Companys Board of Directors approves annual base salaries for executive officers of the Company each August 1. Accordingly, summary compensation for named executive officers disclosed by the Company in its reports filed with the Securities and Exchange Commission may differ from the amounts set forth above. Information related to the other elements of total compensation for these named executive officers was previously disclosed in the 2005 Proxy Statement filed July 15, 2005.