PCM, Inc. Summary of Executive Salary and Bonus Arrangements
EXHIBIT 10.24
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 participated in executive bonus plans during fiscal year 2012 adopted by the Board of Directors on March 14, 2012, descriptions of which are included in Exhibit 10.34 in this Form 10-K, and are expected to participate in executive bonus plans for 2013, which are currently being established by the Compensation Committee of our Board of Directors.
Additional information regarding our compensation arrangements with our executive officers will be included in our definitive Proxy Statement to be filed in connection with our 2013 Annual Meeting of Stockholders.
| 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 |
| $ | 317,500 |
|
| (1) |
|
|
|
|
|
|
| |
| Robert I. Newton |
|
|
|
|
| |
| Executive Vice President, General Counsel and Secretary |
| $ | 317,500 |
|
| (1) |
|
|
|
|
|
|
| |
| Oren J. Hartman |
|
|
|
|
| |
| Executive Vice President—Corporate Sales |
| $ | 317,500 |
|
| (1) (2) |
|
|
|
|
|
|
| |
| Simon M. Abuyounes |
|
|
|
|
| |
| President — PCM Logistics, LLC |
| $ | 317,500 |
|
| (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.
(2) Mr. Hartman joined the Company on December 3, 2012.
