Summary of Executive Officer Compensation Arrangements for Key Officers (2005)
This document outlines the annual base salaries and restricted stock awards for the company's executive officers as of mid-2005. Each named executive, including the CEO, CFO, and other senior leaders, is listed with their respective salary and the number of restricted stock shares granted. The arrangement specifies compensation details effective August 8, 2005, and stock awards made on July 12, 2005. There are no additional terms or conditions described beyond these compensation figures.
Exhibit 10.23
SUMMARY OF CERTAIN EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS
The following table presents the annual base salary effective August 8, 2005, and the number of shares of restricted stock awarded on July 12, 2005, for each of the Company’s executive officers:
| Name and Title | Base Salary | Restricted Stock Award | |||
| Kevin M. McMullen Chairman, Chief Executive Officer & President | $ | 610,000 | 25,960 shares | ||
| Robert H. Coleman President, Decorative Products | $ | 238,700 | 10,232 shares | ||
| Harold P. Franze President, Building Products | $ | 221,700 | 9,504 shares | ||
| Michael E. Hicks Senior Vice President and Chief Financial Officer; Treasurer | $ | 280,100 | 11,780 shares | ||
| James J. Hohman Vice President; President, Performance Chemicals | $ | 273,000 | 11,480 shares | ||
| James C. LeMay Senior Vice President, Business Development; General Counsel | $ | 241,700 | 10,360 shares | ||
| Gregory T. Troy Senior Vice President, Human Resources | $ | 211,600 | 8,984 shares | ||
| Douglas E. Wenger Senior Vice President and Chief Information Officer | $ | 216,400 | 9,278 shares | ||
