Quiksilver, Inc. Executive Officer Base Salary Reduction Approval (January 2009)

Contract Categories: Human Resources › Compensation Agreements
Summary

Quiksilver, Inc.'s Compensation Committee approved a reduction in the annual base salaries for certain executive officers, effective February 1, 2009. The affected officers include Robert B. McKnight, Jr. (CEO and President), Charles S. Exon (Chief Administrative Officer, Secretary, and General Counsel), and Pierre Agnes (President — Quiksilver Europe). The agreement specifies the new, reduced salary amounts for each executive. This decision was made as part of the company's executive compensation management.

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EX-10.1 2 a51665exv10w1.htm EX-10.1 exv10w1
Exhibit 10.1
On January 16, 2009, the Compensation Committee of the Board of Directors of Quiksilver, Inc. (the “Company”) approved a reduction in the annual base salaries (effective as of February 1, 2009) for certain executive officers of the Company. The following table sets forth the reduced annual base salary levels of such executive officers:
         
Name and Position   Base Salary
Robert B. McKnight, Jr.,
   $ 903,000  
Chief Executive Officer and President
        
Charles S. Exon,
   $ 404,000  
Chief Administrative Officer, Secretary and General Counsel
        
Pierre Agnes,
   € 332,500  
President — Quiksilver Europe