Executive Officer Base Salary Schedule for Qualstar Corporation (Fiscal Year Ending June 30, 2007)
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Summary
This document lists the annual base salaries for executive officers of Qualstar Corporation for the fiscal year ending June 30, 2007. It includes the names, titles, and base salaries of five executives, with an additional auto allowance for one officer. The company notes that all employment is 'at will,' meaning there is no guarantee of employment for a specific period. The document does not constitute an employment contract but serves as a disclosure of compensation arrangements.
EX-10.4 2 v23898exv10w4.htm EXHIBIT 10.4 exv10w4
Exhibit 10.4
Base Salaries
For Executive Officers of
Qualstar Corporation
For the Fiscal Year Ending June 30, 2007
For Executive Officers of
Qualstar Corporation
For the Fiscal Year Ending June 30, 2007
| Fiscal Year 2007 | ||||||
| Name | Title | Base Salary(1) | ||||
| William J. Gervais | Chief Executive Officer and President | $ | 195,000 | |||
| Robert K. Covey | Vice President of Marketing | $ | 172,000 | |||
| David L. Griffith | Vice President of Operations | $ | 165,000 | |||
| Robert C. King | Vice President of Sales | $ | 165,000 | (2) | ||
| Richard A. Nelson | Vice President of Engineering | $ | 170,000 | |||
| (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. |
