Schedule of Compensation for Named Executive Officers of Circuit City Stores, Inc.
This document outlines the annual base salaries and target bonus percentages for the named executive officers of Circuit City Stores, Inc. for fiscal year 2007. It lists the compensation details for the Chairman (retired CEO), President and CEO, and several Executive Vice Presidents. Bonuses are tied to the company's earnings per share performance, and actual payouts may vary from the target amounts based on results. The Compensation and Personnel Committee sets these terms under the company's 2003 Annual Performance-Based Bonus Plan.
Exhibit 10.33
Schedule of Compensation for Named Executive Officers
| Name | Job Title | Annual Base Salary | Target Bonus % of Base Salary | |||||
| W. Alan McCollough | Chairman Retired Chief Executive Officer* | $ | 975,000 | 100 | % | |||
| Philip J. Schoonover | President and Chief Executive Officer | $ | 900,000 | 100 | % | |||
| Michael E. Foss | Executive Vice President and Chief Financial Officer | $ | 575,000 | 80 | % | |||
| George D. Clark, Jr. | Executive Vice President; President – Retail Stores | $ | 525,000 | 80 | % | |||
| Fiona P. Dias | Executive Vice President; Chief Marketing Officer | $ | 475,000 | 80 | % | |||
| Douglas T. Moore | Executive Vice President; Chief Merchandising Officer | $ | 500,000 | 80 | % | |||
| * | Mr. McCollough retired as Chief Executive Officer effective February 28, 2006. |
For fiscal year 2007, the Compensation and Personnel Committee of the Company’s Board of Directors has established specified earnings per share levels as the performance goal under the Circuit City Stores, Inc. 2003 Annual Performance-Based Bonus Plan. Bonuses are payable based on the Company’s achievement of the performance goal and may be higher or lower than the target bonus level.
