2011 Executive Officer Salary Approval by Compensation Committee of MEDTOX Scientific, Inc.
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Summary
The Compensation Committee of the Board of Directors of MEDTOX Scientific, Inc. approved the 2011 base salaries for its executive officers, effective April 1, 2011. The agreement lists the names, titles, and annual base salaries for five executive officers, including the President and CEO, who will receive $390,000, and four other executives, each set at $235,800. This document formalizes the salary structure for the company's top management for the year 2011.
EX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm
EXHIBIT 10.1
Executive Salaries for 2011
On February 11, 2011, the Compensation Committee of the Board of Directors of the Company (the “Committee”) approved 2011 base salaries for the executive officers, effective April 1, 2011, 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 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 | ||
