Summary of Compensation Arrangements for Executive Officers of Pinnacle Entertainment, Inc.
This document outlines the compensation arrangements for executive officers of Pinnacle Entertainment, Inc. Effective June 1, 2006, Daniel R. Lee's base salary as Chief Executive Officer is set at $1 million. Additionally, special bonuses were awarded on May 26, 2006, to Mr. Lee and other key executives for their roles in the company's attempt to acquire Aztar Corporation. The bonuses range from $100,000 to $500,000, depending on the executive's position and contribution.
EXHIBIT 10.3
SUMMARY OF COMPENSATION ARRANGEMENTS
Chief Executive Officer Salary
The base salary of Mr. Daniel R. Lee as Chief Executive Officer is increased to $1 million, effective June 1, 2006.
Special Bonuses
The following summarizes the amounts awarded on May 26, 2006 to certain executive officers of Pinnacle Entertainment, Inc. as special bonuses for those who had played important roles in the Company’s attempt to acquire Aztar Corporation:
| Name and Title | Special Bonus | ||
| Daniel R. Lee Chairman of the Board of Directors and Chief Executive Officer | $ | 500,000 | |
| Stephen H. Capp Executive Vice President and Chief Financial Officer | $ | 250,000 | |
| Wade W. Hundley President | $ | 100,000 | |
| John A. Godfrey Executive Vice President, Secretary and General Counsel | $ | 100,000 | |
