Base Salary Schedule for Executive Officers of Qualstar Corporation for Fiscal Year 2006
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Summary
This document lists the annual base salaries for the executive officers of Qualstar Corporation for the fiscal year ending June 30, 2006. It names each executive, their title, and their respective base salary. The company notes that all employment is "at will," meaning there is no guarantee of employment for a specific period. Additionally, one executive receives an annual auto allowance. The document serves as a disclosure of executive compensation rather than a binding employment contract.
EX-10.4 2 v12567exv10w4.htm EX-10.4 exv10w4
EXHIBIT 10.4
Base Salaries
For Executive Officers of
Qualstar Corporation
For the Fiscal Year Ending June 30, 2006
| Fiscal Year 2006 | ||||||
| Name | Title | Base Salary(1) | ||||
| William J. Gervais | Chief Executive Officer and President | $ | 185,000 | |||
| Frederic T. Boyer | Vice President and Chief Financial Officer | $ | 175,000 | |||
| Robert K. Covey | Vice President of Marketing | $ | 167,000 | |||
| David L. Griffith | Vice President of Operations | $ | 165,000 | |||
| Robert C. King | Vice President of Sales | $ | 160,000 | (2) | ||
| Richard A. Nelson | Vice President of Engineering | $ | 146,000 | |||
| (1) | Qualstar is an “at will” employer. The expression of base salaries in annual amounts does not imply that there is an agreement to employ any executive officer for any specific period of time. |
| (2) | Mr. King also receives an auto allowance of $6,000 per year. |
