Katy Industries, Inc. Executive Officer Compensation Arrangements as of April 11, 2005

Summary

Katy Industries, Inc. has set the base salaries for its executive officers as of April 11, 2005, following approval by the Compensation Committee. The named executives are also eligible for annual cash bonuses under the company's Executive Bonus Plan. Additional benefits include automobile and other allowances, club memberships, life insurance premium payments, and matching contributions to the company's 401(k) plan. These arrangements outline the main components of executive compensation for the listed officers.

EX-10.15 3 d63164_ex10-15.txt EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS Exhibit 10.15 Katy Industries, Inc. Executive Officer Compensation Arrangements The base salaries as of April 11, 2005 for the named executive officers of Katy Industries, Inc. (the "Company") as approved at the April 8, 2005 meeting of the Compensation Committee of the Company's Board of Directors, are as follows: C. Michael Jacobi $565,000 Amir Rosenthal $315,000 David S. Rahilly $250,000 David C. Cooksey $170,000 Michael C. Paul $169,700 As part of his or her annual compensation, each of the named executive officers is also eligible for a cash bonus in accordance with the terms of the Katy Industries, Inc. Executive Bonus Plan. In addition to the foregoing, the Company pays automobile and other allowances, certain club memberships, all or a portion of the premiums for group term life insurance policies for each of the executive officers and contributes matching amounts to each of the executives under Katy's 401(k) plan.