Information Concerning Executive Compensation
EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1
Information Concerning Executive Compensation
On January 3, 2018, the Compensation Committee of HomeFed Corporation (the “Company”) approved annual salary increases (effective January 1, 2018) and discretionary 2017 cash bonuses for each of the Company’s executive officers who were included as named executive officers in the Company’s 2017 proxy statement.
| Name and Title | Base Salary in 2018 | Bonus Award for 20171 | ||||||
| Paul J. Borden | $ | 398,585 | $ | 308,895 | 2 | |||
| President and | ||||||||
| Chief Executive Officer | ||||||||
| John Kent Aden, Jr. | $ | 326,101 | $ | 259,591 | ||||
| Vice President | ||||||||
| Christian E. Foulger | $ | 250,628 | $ | 257,371 | ||||
| Vice President | ||||||||
| Erin N. Ruhe | $ | 239,152 | $ | 207,034 | ||||
| Vice President, | ||||||||
| Treasurer and Controller | ||||||||
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1 Includes a previously approved holiday bonus paid to each of the named executive officers based on a percentage of salary of $11,723 for Mr. Borden, $9,591 for Mr. Aden, $7,371 for Mr. Foulger and $7,034 for Ms. Ruhe.
2 Also includes a previously approved gross-up bonus of $47,172 for Mr. Borden as reimbursement for taxes payable on travel, commuting and lodging expenses.
