CryoLife, Inc. Named Executive Officer Salary Approval (2005)
CryoLife, Inc.'s Compensation Committee approved new annual salaries for its named executive officers on February 18, 2005. D. Ashley Lee, after being promoted to Executive Vice President, Chief Operating Officer, and Chief Financial Officer, received a salary increase to $340,000. Additionally, David M. Fronk and Albert Heacox were assigned new salaries of $225,225 and $265,650, respectively. This document outlines the updated compensation for these key executives.
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Exhibit 10.9 (d)
Named Executive Officer Salaries
On November 3, 2004, when the Company promoted D. Ashley Lee from Vice President Finance, Treasurer and Chief Financial Officer to Executive Vice President, Chief Operating Officer and Chief Financial Officer his annual salary was increased to $340,000.
On February 18, 2005, the Compensation Committee of the Board of Directors of CryoLife, Inc. approved the following new salary levels for these "Named Executive Officers."
| Officer | Salary | ||
|---|---|---|---|
| David M. Fronk | $ | 225,225 | |
| Albert Heacox | $ | 265,650 | |
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