PCM, Inc. Executive Salary and Bonus Arrangements Summary for 2014
PCM, Inc. outlines the annual base salaries and bonus eligibility for its executive officers, including the CEO, CFO, and other key executives, for the 2014 fiscal year. The Compensation Committee of the Board of Directors reviews and may adjust these compensation arrangements. All executives are eligible to participate in the company's executive bonus plans. Additional compensation elements, such as severance and stock options, are covered in separate employment agreements filed with the company's annual report.
EXHIBIT 10.22
PCM, Inc.
Summary of Executive Salary and Bonus Arrangements
The table below summarizes the current annual salary and bonus arrangements we have with each of our current executive officers. All of the compensation arrangements we have with our executive officers, including with respect to annual salaries and bonuses, are reviewed and may be modified from time to time by the Compensation Committee of our Board of Directors.
We have written employment arrangements with each of our executive officers, and a copy of each such employment arrangement is filed as an exhibit to the accompanying Annual Report on Form 10-K. The non-salary and bonus components of our compensation arrangements with our executive officers, including with respect to severance, option grants and other benefits, are described in those respective agreements. Our executive officers participate in executive bonus plans during fiscal year 2014 established by the Compensation Committee of our Board of Directors and adopted by the Board of Directors.
| Executive Officer |
| Annual |
| Bonus |
| |
| Frank F. Khulusi |
|
|
|
|
| |
| Chairman and Chief Executive Officer |
| $ | 833,000 |
|
| (1) |
|
|
|
|
|
|
| |
| Brandon H. LaVerne |
|
|
|
|
| |
| Chief Financial Officer, Treasurer and Assistant Secretary |
| $ | 346,330 |
|
| (1) |
|
|
|
|
|
|
| |
| Robert I. Newton |
|
|
|
|
| |
| Executive Vice President, Chief Legal Officer and Secretary |
| $ | 342,900 |
|
| (1) |
|
|
|
|
|
|
| |
| Simon M. Abuyounes |
|
|
|
|
| |
| President — PCM Logistics, LLC |
| $ | 333,375 |
|
| (1) |
|
|
|
|
|
|
| |
| Joseph B. Hayek |
|
|
|
|
| |
| President—PCM Sales, Inc. |
| $ | 317,500 |
|
| (1) |
(1) All executives are eligible to participate in our executive bonus plans referenced above.
