Frozen Food Express Industries, Inc. 2008 Executive Compensation Determination
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Summary
Frozen Food Express Industries, Inc.'s Compensation Committee decided that the company did not meet the performance criteria set by its 2005 Stock Incentive Plan for 2008. As a result, no cash bonuses or restricted stock awards will be given to the company's named executive officers for that year. This decision affects the President and CEO, the Senior Vice President and COO, and the Senior Vice President and CFO.
EX-10.21 8 exh10_21.htm COMPENSATION ARRANGEMENTS exh10_21.htm
EXHIBIT 10.21
Compensation Arrangements
On April 1, 2009, the Registrant’s Compensation Committee determined that the performance of the organization in 2008 (as measured by the adjusted operating ratio) did not meet the criteria established by the Frozen Food Express Industries, Inc. 2005 Stock Incentive Plan and that no cash bonuses or restricted stock bonus awards would be paid to the Named Executive Officers, as indicated in the table below.
| Executive Name and Position | Cash Bonus | Restricted Stock Bonus | Restricted Stock Shares | |||||||||
| Stoney M. Stubbs, Jr., President and Chief Executive Officer | $ | - | $ | - | - | |||||||
| S. Russell Stubbs, Senior Vice President and Chief Operations Officer | $ | - | $ | - | - | |||||||
| Thomas G. Yetter, Senior Vice President and Chief Financial Officer | $ | - | $ | - | - | |||||||
