Disclosure of Executive Officer Compensation for David J. Rennyson and W. Ming Shao at MicroStrategy Incorporated
This document discloses the compensation details for David J. Rennyson, Senior Executive Vice President, Worldwide Sales, and W. Ming Shao, Senior Executive Vice President & General Counsel of MicroStrategy Incorporated. It states their current annual base salaries—$475,000 for Mr. Rennyson and $490,000 for Mr. Shao. Mr. Rennyson's 2017 cash bonus plan is referenced in a separate exhibit, while Mr. Shao's annual discretionary bonus target is $420,000. The disclosure is part of the company's proxy statement filed on April 20, 2017.
Exhibit 10.3
David J. Rennyson, the Senior Executive Vice President, Worldwide Sales of MicroStrategy Incorporated (the “Company”), and W. Ming Shao, the Company’s Senior Executive Vice President & General Counsel, each became a named executive officer of the Company upon the filing of the Company’s proxy statement on April 20, 2017. Mr. Rennyson’s current annual base salary is $475,000. The terms of Mr. Rennyson’s cash bonus plan for 2017 are set forth in the 2017 Senior Executive Vice President, Worldwide Sales Compensation Plan attached to this Form 10-Q as Exhibit 10.4. Mr. Shao’s current annual base salary is $490,000 and his annual discretionary bonus target is $420,000.
