SUMMARY OF COMPENSATION ARRANGEMENTS FOR EXECUTIVEOFFICERS
EXHIBIT 10.1
SUMMARY OF COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
All executive officers of the Company are “at will” employees. Currently, other than “Change in Control” agreements, which agreements were discussed in our most recent definitive Proxy Statement for the Annual Meeting of Shareholders, which information is incorporated in this exhibit by reference, we do not have any written or oral employment arrangements with any of our executive officers.
Current Executive Officer Annual Base Salary
The table below summarizes the current annual base salary being paid to each of our current named executive officers. All compensation arrangements between officer and the Company are subject to oversight and approval of our Compensation Committee, and may be modified from time to time.
| Name and Title |
|
|
| Annual Base Salary as of |
| |||
| Steven J. Goldman |
|
| $ | 520,000 |
|
| ||
| Chairman and Chief Executive Officer |
|
|
|
|
| |||
| William T. Yeates |
|
| $ | 350,012 |
|
| ||
| President and Chief Operating Officer |
|
|
|
|
| |||
| Brad W. Godfrey |
|
| $ | 275,000 |
|
| ||
| President, Embedded Products |
|
|
|
|
| |||
| William Franciscovich |
|
| $ | 235,040 |
|
| ||
| Senior Vice President, Worldwide Sales |
|
|
|
|
| |||
| Randall H. Holliday |
|
| $ | 235,040 |
|
| ||
| Secretary and General Counsel |
|
|
|
|
| |||
| Paul E. Ross |
|
| $ | 190,000 |
|
| ||
| Vice President—Finance, Treasurer and Chief Financial Officer |
|
|
|
|
| |||
| Veronica Tarrant |
|
| $ | 190,000 |
|
| ||
| Vice President—Finance and Chief Accounting Officer |
|
|
|
|
| |||
Other Compensation Arrangements for Officers and Directors
Other information regarding bonus eligibility, outside director compensation arrangements, and other compensation entitlements is set forth in our most recent definitive Proxy Statement for the Annual Meeting of Shareholders, which information is incorporated in this exhibit by reference.
