2014 Executive Officer Compensation Disclosure for GTx, Inc.
This document outlines the 2014 base salaries and certain compensation arrangements for the executive officers of GTx, Inc. It lists the annual base salaries for each named executive officer as of January 1, 2014, and notes changes in roles, resignations, and salary adjustments during the year. The document also references related severance and retention agreements, which are detailed in other SEC filings. The information is intended to provide transparency regarding executive compensation at GTx, Inc.
Exhibit 10.1
2014 Compensation Information for Registrants Executive Officers
The following provides information regarding the base salary and certain other compensatory arrangements applicable to each named executive officer (as defined under applicable securities laws) of GTx, Inc. (the Company) who service continued as of January 1, 2014, and to its other executive officer:
Executive Officer |
| Title |
| 2014 Annual |
|
Mitchell S. Steiner(2) |
| Chief Executive Officer and Vice-Chairman of the Board (Former) |
| 452,088 |
|
Marc S. Hanover(3) |
| Interim Chief Executive Officer, President and Chief Operating Officer |
| 393,317 |
|
James T. Dalton(4) |
| Vice President, Chief Scientific Officer |
| 375,000 |
|
Henry P. Doggrell |
| Vice President, Chief Legal Officer and Secretary |
| 363,576 |
|
Jason T. Shackelford(5) |
| Corporate Controller and Director of Accounting (Principal Financial and Accounting Officer) |
| 178,010 |
|
(1) Effective January 1, 2014.
(2) Dr. Steiner resigned from his positions as the Companys Chief Executive Officer and Vice-Chairman of the Board, effective April 3, 2014. A description of the severance agreement the Company entered into with Dr. Steiner in connection with his resignation is included under Item 5.02 of the Companys Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 4, 2014, and is incorporated by reference herein.
(3) Mr. Hanover was appointed as our interim Chief Executive Officer, effective April 3, 2014. A description of the compensatory arrangements provided to Mr. Hanover in connection with his appointment as the Companys interim Chief Executive Officer is included under Item 5.02 of the Companys Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 4, 2014, and is incorporated by reference herein. There was no modification to Mr. Hanovers 2014 annual base salary in connection with his appointment as interim Chief Executive Officer.
(4) Dr. Dalton notified the Company of his decision to resign from his employment with GTx, effective August 31, 2014.
(5) Mr. Shackelford was appointed as our acting Principal Financial Officer, effective April 3, 2014 and as our acting Principal Accounting Officer, effective December 31, 2013. Effective May 12, 2014, Mr. Shackelfords annual base salary was increased to $210,000.
A description of the retention benefits and arrangements provided to the Companys executive officers is included under Item 5.02 of the Companys Current Report on Form 8-K, filed with the Securities and Exchange Commission on October 1, 2013, and is incorporated by reference herein.