2012 Executive Officer Base Salary Approval by Compensation Committee
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Summary
The Compensation Committee of the Board of Directors approved the 2012 base salaries for the company's executive officers, effective April 1, 2012. The agreement lists the names, titles, and annual base salaries for each executive, including the President and CEO, Vice Presidents, and Corporate Controller. This document formalizes the salary structure for the company's top management for the year 2012.
EX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm
Exhibit 10.1
Executive Salaries for 2012
On February 13, 2012, the Compensation Committee of the Board of Directors of the Company (the “Committee”) approved 2012 base salaries for the executive officers, effective April 1, 2012, as set forth below:
| Executive Officer | Title | Salary | ||
| Richard J. Braun | President and Chief Executive Officer | $390,000 | ||
| Kevin J. Wiersma | Vice President, Chief Administrative Officer, and Chief Financial Officer of MEDTOX Scientific, Inc. and Chief Operating Officer – Forensic Laboratory Operations | $235,800 | ||
| James A. Schoonover | Vice President, Sales and Marketing and Chief Marketing Officer | $235,800 | ||
| B. Mitchell Owens | Vice President and Chief Operating Officer of MEDTOX Diagnostics, Inc. | $235,800 | ||
| Susan E. Puskas | Vice President, Quality Assurance, Regulatory Affairs, and Chief Operating Officer – Clinical Laboratory Operations | $235,800 | ||
| Angela M. Lacis | Corporate Controller | $142,872 |
