Summary of Annual Salaries for Executives under 2006 Employment Agreements – The Finish Line, Inc.
The Finish Line, Inc. entered into employment agreements with several top executives on October 30, 2006. These agreements specify each executive's role and annual salary, ranging from $245,000 to $450,000. The terms of the agreements are identical except for the salary amounts and are based on a standard form previously filed with the SEC. The agreements ensure that each executive will continue in their current position at the stated salary.
Exhibit 10.3
Summary of Annual Salaries for Executives Pursuant to 2006 Form of Employment Agreement*
On October 30, 2006, The Finish Line, Inc., an Indiana corporation (the Company), entered into employment agreements (collectively, the Agreements, and each individually, an Agreement), with the executives listed below (collectively, the Executives, and each individually, an Executive). Pursuant to the terms of their respective Agreement, each Executive will continue to serve in the capacity and will receive the salary set forth opposite such Executives name in the following table:
Executive | Title | Annual Salary | |||
Glenn Lyon | President and Chief Merchandise Officer | $ | 450,000 | ||
Steve Schneider | Chief Operating Officer | $ | 390,000 | ||
Gary Cohen | Executive Vice President, General Counsel and Secretary | $ | 295,000 | ||
George Sanders | Executive Vice President, Real Estate and Store Development | $ | 280,000 | ||
Mike Marchetti | Executive Vice President, Store Operations | $ | 277,000 | ||
Don Courtney | Executive Vice PresidentIS, Distribution, CIO, Assistant Secretary | $ | 270,000 | ||
Kevin Wampler | Executive Vice President, CFO and Assistant Secretary | $ | 245,000 |
* | Except as specifically set forth herein, the terms of each Employment Agreement are identical, as reflected in the Form of Employment Agreement filed as Exhibit 10.1 of the Registrants Current Report on Form 8-K filed with the Securities and Exchange Commission on November 3, 2006. |