Named Executive Officer Merit Increases Effective January 28, 2007
This document lists the annual base salary increases for several named executive officers of the company, effective January 28, 2007. The officers include Neil S. Novich (Chairman, President, and CEO), Jay M. Gratz (Executive Vice President, CFO, and President – Ryerson Coil Processing), Gary J. Niederpruem (Executive Vice President), Stephen E. Makarewicz (President – Ryerson South), and James M. Delaney (President – Global Accounts Division). The agreement outlines their new annual base salaries for 2007.
Exhibit 10.9
Named Executive Officer Merit Increases
Effective January 28, 2007
Name / Title | 2007 Annual Base Salary | ||
Neil S. Novich | $ | 850,000 | |
Jay M. Gratz | $ | 525,300 | |
Gary J. Niederpruem | $ | 525,300 | |
Stephen E. Makarewicz | $ | 335,000 | |
James M. Delaney | $ | 280,152 |