2007 Executive Compensation Determination by Frozen Food Express Industries, Inc.
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Summary
Frozen Food Express Industries, Inc.'s Compensation Committee decided that the company did not meet its 2007 performance targets under the 2005 Stock Incentive Plan. As a result, no cash bonuses or restricted stock awards will be given to the company's top executives, including the President, COO, and CFO, for that year.
EX-10.21 6 exh10_21.htm COMPENSATION ARRANGEMENTS exh10_21.htm
EXHIBIT 10.21
Compensation Arrangements
On March 27, 2008, the Registrant’s Compensation Committee determined that the performance of the organization in 2007 (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 | - | - | - | |||||||||
