Littelfuse, Inc. Summary of Executive Officer Compensation

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Summary

This document outlines the compensation structure for executive officers of Littelfuse, Inc. for 2005. It details base salaries for key executives, describes eligibility for annual cash bonuses and stock awards, and notes participation in various company benefit plans. The agreement also mentions that these executives have change of control agreements entitling them to certain payments if their employment ends or the company changes ownership. Specific bonus targets and objectives for 2005 have not yet been set. Additional details are available in related company filings.

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EX-10.25 8 c93143exv10w25.txt SUMMARY OF EXECUTIVE OFFICER COMPENSATION Exhibit 10.25 LITTELFUSE, INC. SUMMARY OF EXECUTIVE OFFICER COMPENSATION The compensation of executive officers of Littelfuse, Inc. (the "Company") primarily consists of three variable components: base salary, a potential cash bonus under the Company's annual incentive compensation program, and stock options or other awards under the 1993 Stock Plan for Employees and Directors of the Company (the "Stock Plan"). SALARIES The base salaries for Mr. Gordon Hunter, who assumed the offices of Chairman of the Board, President and Chief Executive Officer as of January 1, 2005, and each of the other executive officers named below are as follows:
Name and Principal Positions Base Salary - ------------------------------------- ----------- Gordon Hunter, Chairman of the Board, President and Chief Executive Officer $ 450,000 Philip G. Franklin, Vice President, $ 285,000 Operations Support and Chief Financial Officer David R. Samyn, Vice President and $ 240,000 General Manager of the Automotive Business Unit Elizabeth C. Calhoun, Vice President, $ 210,000 Human Resources Kenneth R. Audino, Vice President, Organizational Development and $ 190,000 Total Quality Management
ANNUAL INCENTIVE COMPENSATION PROGRAM The target amounts, financial objectives and individual performance objectives under the annual incentive compensation program have not yet been, but are expected to be, established for 2005. OTHER BENEFITS Each of the officers named above is eligible to participate in the Company's employee benefit plans applicable to executive officers, including the Stock Plan, the Company's Retirement Plan, as amended, the 401(k) Savings Plan, and the Supplemental Executive Retirement Plan, in accordance with the terms and conditions of such plans. These officers also are parties to Change of Control Employment Agreements that, among other things, entitle them to payments upon severance or upon a change of control of the Company. These officers also receive certain personal benefits from the Company, the value of which is less than $50,000 for each of such officers. WHERE MORE INFORMATION CAN BE FOUND Each of the plans and agreements mentioned herein and the forms of awards thereunder are filed as exhibits to this Annual Report on Form 10-K for the fiscal year ended January 1, 2005 (the "Form 10-K"). These plans and agreements will be discussed further in the Company's Proxy Statement relating to the 2005 Annual Meeting of Stockholders, which will be incorporated by reference into this Form 10-K when filed. 2