Nashua Corporation 2009 Executive Officer Base Salary Approval

Contract Categories: Human Resources › Compensation Agreements
Summary

Nashua Corporation's Leadership and Compensation Committee approved the 2009 annual base salaries for its top executive officers, including the President and CEO, CFO, and Vice President of Sales and Marketing. The approved salaries, which remained unchanged from 2008, are $416,000 for the CEO, $235,000 for the CFO, and $262,000 for the VP of Sales and Marketing. This decision was made on February 13, 2009, and formalizes the compensation for these key executives for the year.

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EX-10.20 7 b73487ncexv10w20.htm EX-10.20 EXECUTIVE OFFICER 2009 SALARIES exv10w20
EXHIBIT 10.20
EXECUTIVE OFFICER 2009 SALARIES
     The Leadership and Compensation Committee of the Board of Directors of Nashua Corporation approved the following 2009 annual base salaries for Nashua Corporation’s named executive officers (as defined in Item 402(m)(2) of Regulation S-K):
         
Name and Position   Date Approved   2009 Base Salary
Thomas G. Brooker
  February 13, 2009   $416,000
President and Chief Executive Officer
        
 
        
John L. Patenaude
  February 13, 2009   $235,000
Vice President — Finance, Chief Financial Officer and Treasurer
        
 
        
William Todd McKeown
  February 13, 2009   $262,000
Vice President of Sales and Marketing
        
The above base salaries remained unchanged from 2008.