Summary of The Dixie Group, Inc. 2004 Director Compensation Arrangements
The Dixie Group, Inc. outlines compensation for its non-employee directors for 2004. Non-employee directors receive an annual retainer of $12,000 in cash and $12,000 in Performance Units under the Directors Stock Plan. They are also paid $1,000 for each Board meeting attended and $500 for each committee meeting attended. Directors who are employees of the company do not receive additional compensation for Board service.
Exhibit 10.34
SUMMARY DESCRIPTION OF THE DIXIE GROUP, INC
2004 DIRECTOR COMPENSATION ARRANGEMENTS
Directors who are employees of The Dixie Group, Inc. do not receive any additional compensation for their services as members of the Board of Directors. For fiscal 2004, non-employee directors receive an annual retainer of $12,000 cash and $12,000 in value of Performance Units under the Company's Directors Stock Plan. In addition to the annual retainer, directors who are not employees of the Company receive $1,000 for each Board meeting attended and $500 for each committee meeting attended.
