Summary of Non-Management Director Compensation as of October 1, 2024
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Summary
This document outlines the compensation structure for non-management directors of the company as of October 1, 2024. Directors receive an annual stock retainer of $125,000 paid quarterly in company shares, and an annual cash retainer of $85,000 paid quarterly. Additional cash compensation is provided for committee members and chairs, as well as for the independent chairman of the board, all paid in quarterly increments. The agreement specifies the amounts and forms of payment for each role.
EX-10.8 2 ex108q42024directorscomp.htm EX-10.8 Document
Exhibit 10.8
SUMMARY OF NON-MANAGEMENT DIRECTOR COMPENSATION
As of October 1, 2024
| Function | Amount Paid | Form of Payment | ||||||||||||
| Annual Stock Retainer | $125,000 annually | Payable in quarterly increments in shares of company common stock at its fair market value | ||||||||||||
| Annual Cash Retainer | $85,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Audit Committee Members | $15,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Audit Committee Chair | $30,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Compensation Committee Members | $10,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Compensation Committee Chair | $20,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Nominating & Governance Committee Members | $10,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Nominating & Governance Committee Chair | $15,000 annually | Payable in cash in quarterly increments | ||||||||||||
| Independent Chairman of the Board | $100,000 annually | Payable in cash in quarterly increments | ||||||||||||
