Fiscal Year
EX-10.25 7 a51861exv10w25.htm EX-10.25 exv10w25
EXHIBIT 10.25
SUMMARY OF NAMED EXECUTIVE OFFICERS COMPENSATION FOR FISCAL 2009
Base Salaries. Following are the current annual salaries for the executive officers of Pacific Sunwear of California, Inc. (the Company) who will appear on the Summary Compensation Table included in the Companys proxy statement to be filed with the Securities and Exchange Commission for the Companys 2009 Annual Meeting of Shareholders (the Named Executive Officers):
Named Executive Officer | Title | Annual Base Salary | ||||||
Sally Frame Kasaks | Chairman of the Board and Chief Executive Officer | $ | 1,250,000 | |||||
Michael L. Henry | Senior Vice President, Chief Financial Officer and Secretary | $ | 300,000 |
Annual Bonuses. The Company provides each of the Named Executive Officers with an annual incentive bonus opportunity based on the performance of the Company and/or the executive. Actual bonus amounts are determined by the Compensation Committee of the Companys Board of Directors. Ms. Kasaks target incentive bonus is 100% of her base salary with a maximum incentive bonus of 200% of her base salary. Mr. Henrys target incentive bonus is 50% of his base salary with maximum incentive bonus of 100% of his base salary..
Additional Compensation. The Named Executive Officers are also entitled to participate in various Company plans, and are subject to other written agreements, in each case as set forth in exhibits to the Companys filings with the Securities and Exchange Commission. In addition, the Named Executive Officers may be eligible to receive perquisites and other personal benefits as disclosed in the Companys proxy statements filed with the Securities and Exchange Commission in connection with the Companys annual meetings of shareholders.