2014 Executive Compensation Table for GTx, Inc. Officers
This document outlines the 2014 base salaries and target cash bonus percentages for executive officers of GTx, Inc. It lists each officer's title, salary, and bonus eligibility for the period from June 1 to December 31, 2014. The table also notes changes in roles, salary adjustments, and resignations affecting bonus eligibility. Additional details on retention benefits are referenced in prior SEC filings. The agreement is informational and sets forth compensation terms for the company's top executives.
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 |
| 2014 Target |
|
| 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.
