Summary of Director and Executive Officer Compensation Arrangements for Alliance One International, Inc.
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Summary
This document outlines the compensation arrangements for directors and named executive officers of Alliance One International, Inc. Non-employee directors receive annual cash retainers, with additional payments for committee roles. Directors who are employees or paid consultants do not receive extra compensation for board service. The board sets annual base salaries for the CEO, CFO, and three other top executives, with specific salary amounts listed as of June 1, 2013. These arrangements detail how directors and key executives are compensated for their roles and responsibilities within the company.
EX-10.28 2 aoi-2013x0331xex1028.htm EXHIBIT AOI-2013-03.31-EX10.28
Exhibit 10.28
Summary of Director and Executive Officer Compensation Arrangements
In addition to the compensation arrangements filed as other exhibits to this annual report, Alliance One International, Inc. (the “Company”) has the following compensation arrangements with its directors and named executive officers.
Compensation Arrangements for Directors
Directors who are employees of the Company or its subsidiaries or who serve as paid consultants to the Company are not compensated for their services as director. Non-employee directors receive an annual cash retainer paid in quarterly installments. As of June 1, 2013, such retainer payments were based on the following schedule:
Type of Service | Annual Retainer |
Board Member | $60,000 |
Lead Independent Director | $10,000 |
Audit Committee Member | $12,000 |
Audit Committee Chair | $10,000 |
Executive Committee Member | $3,000 |
Executive Committee Chair | $5,000 |
Executive Compensation Committee Member | $12,000 |
Executive Compensation Committee Chair | $7,500 |
Governance & Nominating Committee Member | $7,500 |
Governance & Nominating Committee Chair | $5,000 |
Compensation Arrangements for Named Executive Officers
The board of directors sets the annual base salary for each of the Company's chief executive officer, chief financial officer and its three other most highly compensated executive officers, based on fiscal 2013 total compensation (such five officers, the “named executive officers”). As of June 1, 2013, the annual base salary rates for the named executive officers were as follows:
Named Executive Officer | Base Salary |
J. Pieter Sikkel | 550,000 |
Robert A. Sheets | 450,880 |
J. Henry Denny | 371,315 |
Jose Maria Costa | 309,000 |
William L. O'Quinn | 291,750 |
