Increased demand from Internet businesses. The growth in the Internet has created businesses that depend on the creation, access to and archival storage of data. We believe this demand will continue to grow as individuals and businesses increase their reliance on the Internet for communications, commerce and data retrieval
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. |
