Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

EX-10.3 4 l23800aexv10w3.htm EX-10.3 EX-10.3
 

Exhibit 10.3
Schedule of Named Executive Officer Base Salaries
(as of January 1, 2007)
     Effective January 1, 2007, the base salaries of the “named executive officers” of the Company (as defined by Item 402(a)(3) of Regulation S-K for purposes of the Company’s proxy statement for the 2007 annual meeting of shareholders) shall be as follows:
         
Name   2007 Base Salary
Mike Brooks
   $ 475,000  
Chairman of the Board and
Chief Executive Officer
        
 
        
David Sharp
   $ 385,000  
President and Chief Operating Officer
        
 
        
James E. McDonald
   $ 280,000  
Executive Vice President and Chief
Financial Officer
        
 
        
Thomas R. Morrison
   $ 220,000  
Senior Vice President of Wholesale Sales
        

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