Quiksilver, Inc. Executive Officers Base Salary Reduction Approval (January 2008)

Contract Categories: Human Resources › Compensation Agreements
Summary

Quiksilver, Inc.'s Compensation Committee approved a reduction in the annual base salaries for its executive officers, effective February 1, 2008. The agreement lists the new base salary amounts for the CEO, President, and other key executives. This decision was made to adjust executive compensation and is formally recorded by the Board's committee.

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EX-10.6 4 a38922exv10w6.htm EXHIBIT 10.6 exv10w6  

Exhibit 10.6
Base Salaries for Executive Officers
     On January 29, 2008, 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, 2008) for the Company’s executive officers. The following table sets forth the reduced annual base salary levels of the Company’s executive officers:
         
Name and Position   Base Salary
Robert B. McKnight, Jr.,
   $ 950,000  
Chief Executive Officer
        
Bernard Mariette,
   $ 800,000  
President
        
Charles S. Exon,
   $ 425,000  
Executive Vice President, Chief Administrative Officer, Secretary and General Counsel
        
Joseph Scirocco,
   $ 550,000  
Executive Vice President and Chief Financial Officer
        
David Morgan,
   $ 475,000  
Executive Vice President and Chief Operating Officer