Summary of Compensation Arrangements with Executive Officers for 2012 – Electro-Sensors, Inc.
Electro-Sensors, Inc. outlines the compensation arrangements for its executive officers for the 2012 fiscal year. The company does not have written employment agreements with its executives, who are employed on an at-will basis under oral agreements. The document specifies the annual base salary for each executive officer, including Bradley D. Slye, who serves as Chairman, President, CEO, and CFO, with a base salary of $188,010.
EXHIBIT 10.4
SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS
2012 FISCAL YEAR
Electro-Sensors, Inc. (the “Company”) currently does not have written employment agreements with its executive officers, who serve as “at-will” employees pursuant to oral arrangements with the Company. For the 2012 fiscal year, the Company’s executive officers were entitled to the base salaries set forth below.
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| Executive Officer and Title | 2012 Annual Base Salary |
| Bradley D. Slye | $188,010 |
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