FNB Corporation 2006 Base Salaries for Named Executive Officers
FNB Corporation's Independent Directors set the 2006 annual base salaries for its named executive officers, effective January 1, 2006. The Board later approved a new salary for Gregory W. Feldmann upon his appointment as Chief Operating Officer, effective July 1, 2006. The document lists the 2005 and 2006 base salaries for five key executives, reflecting adjustments based on new roles and responsibilities.
EXHIBIT (10)G
Base Salaries for Named Executive Officers
On December 22, 2005, the Independent Directors set the 2006 annual base salaries for the named executive officers of FNB Corporation, effective January 1, 2006.
On July 27, 2006, in connection with Mr. Feldmann’s appointment as the Corporation’s Chief Operating Officer and based on the recommendation of the Board’s Compensation Committee, the Corporation’s Board approved a new base salary for Mr. Feldmann, effective July 1, 2006.
An updated comparison of 2006 and 2005 base salaries for named executive officers follows.
| Name | Title | Base Salary | ||||||
| 2005 | 2006 | |||||||
| William P. Heath, Jr. | President and Chief Executive Officer | $ | 248,000 | $ | 273,000 | |||
| Gregory W. Feldmann | Chief Operating Officer, Market President (Roanoke Valley), and Director of Wealth Management | $ | 130,500 | $ | 170,000 | |||
| Daniel A. Becker | Executive Vice President and Chief Financial Officer | $ | 122,720 | $ | 151,720 | |||
| Duane E. Mink | Executive Vice President and General Counsel | $ | 135,000 | $ | 140,400 | |||
| D. W. Shilling | Market President (Central Virginia) | $ | 130,000 | $ | 135,200 | |||
