2010 Executive Officer Base Salary Approval by Compensation Committee

Contract Categories: Human Resources › Compensation Agreements
Summary

The Compensation Committee of the company's Board of Directors approved the 2010 base salaries for its executive officers, effective April 1, 2010. The agreement lists the names, titles, and annual base salaries for five executives, including the President and CEO, CFO, and other vice presidents. This document formalizes the salary structure for these officers for the year 2010.

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EX-10.1 6 ex10-1.htm ex10-1.htm


EXHIBIT 10.1

Executive Salaries for 2010

On March 22, 2010, the Compensation Committee of the Board of Directors of the Company (the “Committee”) approved 2010 base salaries for the executive officers, effective April 1, 2010, as set forth below:

Executive Officer
Title
  
Salary
  
Richard J. Braun
President and Chief Executive Officer
   $ 390,000  
Kevin J. Wiersma
Chief Financial Officer, Vice President and Chief Operating Officer of MEDTOX Laboratories, Inc.
   $ 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.
   $ 223,100  
Susan E. Puskas
Vice President Quality, Regulatory Affairs, and Human Resources
   $ 235,800