Concorde Career Colleges, Inc. Summary of Director and Executive Cash Compensation

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Summary

This document outlines the cash compensation for non-employee directors and the base salaries for the CEO and top executives of Concorde Career Colleges, Inc. Non-employee directors receive annual retainers and meeting fees, with additional compensation for the Audit Committee chair. Employee directors do not receive board compensation. The CEO and four highest-paid executives have specified annual salaries, and are eligible for annual bonuses based on the company's operating income, though no bonuses were paid for 2005 due to unmet profit targets.

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EX-10.0 2 ex10bvi.htm EX 10(B)(VI) SUMMARY OF DIRECTOR COMPENSATION AND EXECUTIVE CASH COMPENSATION Ex 10(b)(vi) Summary of Director Compensation and Executive Cash Compensation
EXHIBIT 10(b)(vi)
CONCORDE CAREER COLLEGES, INC.
SUMMARY OF DIRECTOR COMPENSATION
AND EXECUTIVE CASH COMPENSATION

 
DIRECTOR COMPENSATION
 
         The following table sets forth current rates of cash compensation for non-employee directors. Director compensation rates
were last adjusted December 2005. Employee directors do not receive Board Compensation.

 
 
2005
2006
Annual Retainer
$         2,000
$       10,000
Board Meeting Attendance Fees
              250
              500
     
Committee Chair Annual Retainer (paid quarterly)
    
Audit Committee
$          4,000
$          4,000
Compensation Committee
  -0-
   -0-
Nominating & Corporate Governance Committee
  -0-
   -0-

 
EXECUTIVE COMPENSATION

The following table sets forth the current base salaries provided to the Company’s CEO and four most highly compensated executive officers. Salary increases are determined annually.

 
                                 Executive Officer
  
              Current Salary
                                 Jack L. Brozman
  
                   $292,500
                                 Patrick J. Debold
  
                   $185,000
                                 Paul R. Gardner
  
                   $155,000
                                 Diana D. Hawkins-Jenks
  
                   $155,000
                                 Asa E. Johnson
  
                   $140,000
     

Executive officers are also eligible to receive a bonus each year under a bonus plan approved by the Compensation Committee. The award formula for bonuses is based upon the Company’s operating income performance for the award period. The Company did not achieve the minimum level of operating profit set by the Compensation Committee during 2005. The Company did not pay any bonus to an Executive Officer for 2005.
 
 
 
Part IV - Page 4