Executive Compensation Summary for 2004–2005: Freeman, Brauch, Herbert, Mapson, McCoy, and Ross
This document outlines the base salaries and potential annual incentive bonuses for six executives for the years 2004 and 2005. It lists each executive's name, title, base salary for both years, actual bonus payments for 2004, and the maximum possible bonus for 2005 as a percentage of base salary. The agreement sets out the compensation structure but does not guarantee bonus payments, which are subject to company performance and other conditions.
Executive Compensation Summary
| Name/Title |
| 2004 Base |
| 2004 Actual |
| 2005 Base Salary |
| 2005 Maximum |
| |||
| Douglas K. Freeman |
| $ | 500,000 |
| $ | 0 |
| $ | 500,000 |
| 150 | % |
| R. Theodore Brauch |
| $ | 150,000 |
| $ | 0 |
| $ | 150,000 |
| 75 | % |
| Steven F. Herbert |
| $ | 220,500 |
| $ | 0 |
| $ | 220,500 |
| 150 | % |
| Charles E. Mapson |
| $ | 180,000 |
| $ | 0 |
| $ | 180,000 |
| 75 | % |
| Jerald W. McCoy |
| $ | 225,000 |
| $ | 50,400 |
| $ | 225,000 |
| 150 | % |
| William M. Ross |
| $ | 225,000 |
| $ | 12,600 |
| $ | 225,000 |
| 150 | % |
