Dynex Capital, Inc. 2010-2011 Base Salary Schedule for Named Executive Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the base salaries for Dynex Capital, Inc.'s top executives for 2010 and the approved increases effective March 1, 2011. The named executive officers are Thomas B. Akin, Byron L. Boston, and Stephen J. Benedetti. Their 2010 salaries ranged from $236,000 to $300,000, and were increased in 2011 to $350,000–$500,000. The agreement was approved by the Board of Directors and the Compensation Committee. Salaries for 2011 prior to the increase had not been determined.

Read More Arrow
EX-10.17 3 ex10-17.htm NEO BASE COMPENSATION ex10-17.htm
Exhibit 10.17
 

 


Dynex Capital, Inc.
2010 Base Salaries for Named Executive Officers



 
The 2010 base salaries for Dynex Capital, Inc.’s named executive officers are as follows: Thomas B. Akin, Chairman and Chief Executive Officer—$300,000; Byron L. Boston, Executive Vice President and Chief Investment Officer—$275,000; and Stephen J. Benedetti, Executive Vice President, Chief Operating Officer and Chief Financial Officer - $236,000.   Salaries for 2011 have not yet been determined for the above named executive officers.
 
On March 3, 2011 Dynex Capital, Inc.’s Board of Directors and Compensation Committee of the Board of Directors approved an increase, effective March 1, 2011, in the base salaries for the named executive officers as follows:  Thomas B. Akin, Chairman and Chief Executive Officer - $500,000; Byron L. Boston, Executive Vice President and Chief Investment Officer - $500,000; and Stephen J. Benedetti, Executive Vice President, Chief Operating Officer and Chief Financial Officer - $350,000.