Summary of Salaries for Named Executive Officers as of December 31, 2011
This document lists the annual salaries for the company's Chief Executive Officer and other top executives as of December 31, 2011. It identifies each executive by name and title, and specifies their respective salaries. The salaries are determined by the Compensation Committee of the Board of Directors, and the executives serve at the Board's discretion. The document also notes the retirement of one executive, Albert E. Heacox, Ph.D., effective December 31, 2011.
Exhibit 10.12(a)
SUMMARY OF SALARIES FOR
NAMED EXECUTIVE OFFICERS
(as of December 31, 2011)
The following summarizes, as of December 31, 2011, the salaries of the Company’s Chief Executive Officer and the other officers who were named in the Summary Compensation Table in the proxy statement for the Company’s 2011 Annual Meeting of Stockholders (the “Named Executive Officers”). Albert E. Heacox, Ph.D., retired from his employment with the Company effective December 31, 2011.
The executive officers of the Company serve at the discretion of the Board of Directors. The Compensation Committee of the Board reviews and determines the salaries that are paid to the Company’s executive officers, including the Named Executive Officers.
| Named Executive Officer | Salary | |||
| Steven G. Anderson Chairman of the Board, President, and Chief Executive Officer | $ | 637,806 | ||
| D. Ashley Lee Executive Vice President, Chief Operating Officer, and Chief Financial Officer | $ | 361,424 | ||
| Gerald B. Seery Senior Vice President, Sales and Marketing | $ | 290,000 | ||
| Jeffrey W. Burris Vice President and General Counsel | $ | 290,000 | ||
| Albert E. Heacox, Ph.D. Former Senior Vice President, Research and Development | $ | 290,037 | ||
