Summary of Director and Executive Officer Non-Plan Compensation
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EX-10.(K) 3 ex10_k.htm EXHIBIT 10(K)
EXHIBIT 10(K)
SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER NON-PLAN COMPENSATION
Non-Employee Directors
The current fees paid to non-employee directors are as follows:
Non-employee directors of the Company are each paid $24,000 per year for their services. The Chairman of the Board of Directors receives an additional $20,000 for his duties as such, the Chairman of the Audit Committee receives an additional $5,000 for his duties as such, and the Chairmen of the Compensation Committee and the Nominating and Governance Committee each receive an additional $3,500 per year for their duties as such. Members of committees other than the Executive Committee, each receive an additional $1,000 for their duties as such.
Executive Officers
The current annual salaries of the executive officers are as follows:
Matthew Boyle, President and Chief Executive Officer
-- British Pounds 204,075
Paul N. Farquhar, Vice President, Treasurer and Chief Financial Officer
-- British Pounds 125,291
Annual cash bonuses will be determined at the end of the year.
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Further information about compensation of directors and executive officers is found in the Company’s proxy statements on file with the Commission, as well as in periodic Form 8-K filings by the Company.
