Harvard Bioscience, Inc. 2005 Executive Officer Compensation Arrangements
Harvard Bioscience, Inc. set the 2005 base salaries for several executive officers, including the CEO, President, CFO, and other key leaders, as determined by the Compensation Committee of the Board of Directors. The agreement outlines the specific salary amounts for each executive for the year 2005. These arrangements were established through verbal agreements and formalized by the committee's decision on May 25, 2005.
EXHIBIT 10.2
Executive Officer Compensation Arrangements (2005 Salaries)
The following summarizes the compensation arrangements established between Harvard Bioscience, Inc. (the “Company”) and certain executive officers through verbal agreements.
On May 25, 2005, the Compensation Committee of the Board of Directors of the Company determined base salary levels for 2005 for certain executive officers of the Company. The base salary levels established for 2005 for these executive officers are as follows:
| Name |
|
|
| Title |
| 2005 Salary |
| |||
| Chane Graziano |
| Chief Executive Officer |
|
| $ | 455,000 |
|
| ||
| David Green |
| President |
|
| $ | 375,000 |
|
| ||
| Bryce Chicoyne |
| Chief Financial Officer |
|
| $ | 175,000 |
|
| ||
| Susan M. Luscinski |
| Chief Operating Officer |
|
| $ | 235,000 |
|
| ||
| Paul Bailey |
| Vice President of Finance and Administration |
|
| $ | 155,000 |
|
| ||
| David Strack |
| President, Genomic Solutions, Inc. and Union Biometrica, Inc. |
|
| $ | 206,000 |
|
| ||
| Mark A. Norige |
| Chief Operating Officer, Harvard Apparatus Business Unit |
|
| $ | 170,000 |
|
| ||
