2014 Compensation Information for Registrants Executive Officers

EX-10.34 5 a2223461zex-10_34.htm EX-10.34

Exhibit 10.34

 

2014 Compensation Information for Registrant’s Executive Officers

 

The table below provides information regarding (i) the base salary of each executive officer of GTx, Inc. (the “Company”), effective as of January 1, 2014 (except as noted), and (ii) the target cash bonus award for each of the Company’s executive officers under the Company’s Executive Bonus Compensation Plan (the “Bonus Plan”) for the performance period from June 1, 2014 to December 31, 2014, expressed as a percentage of applicable base salary:

 

Executive Officer

 

Title

 

2014 Annual
Base Salary
($)

 

2014 Target
Bonus

(%)

 

Mitchell S. Steiner(1)

 

Chief Executive Officer and Vice-Chairman of the Board

 

452,088

 

 

Marc S. Hanover

 

President and Chief Operating Officer

 

393,317

 

65

 

Jason T. Shackelford

 

Sr. Director, Accounting & Corporate Controller and principal financial and accounting officer

 

178,010

(2)

25

 

James T. Dalton(3)

 

Vice President, Chief Scientific Officer

 

375,000

 

 

Henry P. Doggrell

 

Vice President, Chief Legal Officer and Secretary

 

363,576

 

35

 

 


(1)         Dr. Steiner resigned from GTx, effective April 3, 2014 and was not eligible for a cash bonus award under the Bonus Plan.

(2)         Mr. Shackelford’s base salary was increased to $210,000 in May 2014 upon his assumption of the duties of both principal financial officer and principal accounting officer.

(3)         Dr. Dalton resigned from GTx, effective August 31, 2014 and was not eligible for a cash bonus award under the Bonus Plan.

 

A description of the retention benefits and arrangements provided to the Company’s executive officers is included under Item 5.02 of the Company’s Current Reports on Form 8-K, filed with the Securities and Exchange Commission on October 1, 2013 and December 23, 2013, and is incorporated by reference herein.