MDU Resources Group, Inc. 2014 Annual Incentive Award Opportunity Chart
EX-10.1 2 exhibit10-1.htm EXHIBIT Wdesk | exhibit-10.1-2014-02-18
Exhibit 10.1
MDU Resources Group, Inc.
2014 Annual Incentive Award Opportunity Chart
Name | Position | 2014 Base Salary ($) | Threshold ($) | Target ($) | Maximum ($) |
David L. Goodin | President and Chief Executive Officer of MDU Resources Group, Inc. | 685,000 | 319,655 | 1,027,500 | 2,124,767 |
Terry D. Hildestad (1) | Former President and Chief Executive Officer of MDU Resources Group, Inc. | – | – | – | – |
Doran N. Schwartz | Vice President and Chief Financial Officer of MDU Resources Group, Inc. | 360,000 | 55,998 | 180,000 | 372,222 |
J. Kent Wells | Vice Chairman of MDU Resources Group, Inc. and President and Chief Executive Officer of Exploration and Production segment | 600,000 | 187,500 | 750,000 | 1,500,000 |
Steven L. Bietz (2) | President and Chief Executive Officer of Pipeline and Energy Services segment | 380,000 | 61,750 | 247,000 | 494,000 |
William E. Schneider (3) | Former Executive Vice President – Bakken Development of MDU Resources Group, Inc. | — | — | — | — |
Jeffrey S. Thiede | President and Chief Executive Officer of Construction Services segment | 400,000 | 199,750 | 340,000 | 807,500 |
Paul K. Sandness | General Counsel and Secretary of MDU Resources Group, Inc. | 356,000 | 66,451 | 213,600 | 441,703 |
(1) Mr. Hildestad received no award due to his retirement on January 3, 2013.
(2) Mr. Bietz also has five performance goals relating to the pipeline and energy services segment’s safety results, and each goal that is not met will reduce his annual incentive award payment by 1%.
(3) Mr. Schneider received no award due to his retirement on June 18, 2013.
