Rackable Systems, Inc. Executive Officer Compensation Summary (2007)
This document outlines the annual base salaries and target bonuses for senior executive officers of Rackable Systems, Inc. as of December 29, 2007. It lists the compensation details for each executive, including the CEO, CFO, and other key officers. The agreement also specifies that 25% of the annual target bonus may be earned each quarter, based on the company's achievement of performance goals set by the Compensation Committee.
Exhibit 10.18
Executive Officer Summary Compensation Sheet
Annual Cash Compensation for Senior Executive Officers
The annual cash compensation for Executive Officers of Rackable Systems, Inc. as of December 29, 2007, was as follows:
| Executive Officers | Annual Base Salary | Annual Target Bonus | ||||
| Mark J. Barrenechea | $ | 350,000 | $ | 250,000 | ||
| Chief Executive Officer | ||||||
| Giovanni Coglitore | $ | 250,000 | $ | 100,000 | ||
| Founder and Chief Technology Officer | ||||||
| Anthony P. Gaughan | $ | 270,000 | $ | 135,000 | ||
| Senior Vice President and Chief Products Officer | ||||||
| Maurice Leigenstern | $ | 235,000 | $ | 94,000 | ||
| General Counsel, Senior Vice President and Corporate Secretary | ||||||
| Madhu Ranganathan | $ | 263,000 | $ | 105,000 | ||
| Chief Financial Officer | ||||||
| David M. Yoffie | $ | 240,000 | $ | 84,000 | ||
| Senior Vice President of Operations | ||||||
Cash Bonus Arrangements for Executive Officers:
| 1. | 25% of the Annual Target Bonus maybe earned each quarter. The bonus awards are determined based upon Rackable Systems’ achievement of certain performance goals to be established by the Compensation Committee of the Board. |
