Summary of Compensation Arrangements with Executive Officers for 2011 – Electro-Sensors, Inc.
Electro-Sensors, Inc. outlines the compensation arrangements for its executive officers for the 2011 fiscal year. The company does not have written employment agreements with its executives, who are employed on an at-will basis under oral arrangements. The summary 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 $176,000.
Exhibit 10.4
Summary of Compensation Arrangements with Executive Officers
2011 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 2011 fiscal year, the Company’s executive officers were entitled to the base salaries set forth below.
| Executive Officer and Title | 2011 Annual Base Salary |
| Bradley D. Slye Chairman, President, CEO and CFO | $176,000 |
| 37 |
