FISCAL 2006 SUMMARY OF EXECUTIVE OFFICER COMPENSATION Executive Officer Title New Base SalaryMichael J.Blumenfeld Chief Executive Officer $ 375,000 Adam Blumenfeld President $ 375,000 William R. Estill Chief Financial Officer $ 245,000 Executive Vice President, U.S. Tevis Martin Operations $ 175,000 Arthur J. Coerver Chief Operating Officer $ 152,000 Harvey Rothenberg Vice President, Marketing $ 145,000
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1
Exhibit 10.1
FISCAL 2006 SUMMARY OF EXECUTIVE OFFICER COMPENSATION
| Executive Officer | Title | New Base Salary | ||||||
Michael J. Blumenfeld | Chief Executive Officer | $ | 375,000 | |||||
Adam Blumenfeld | President | $ | 375,000 | |||||
William R. Estill | Chief Financial Officer | $ | 245,000 | |||||
| Executive Vice | ||||||||
| President, U.S. | ||||||||
Tevis Martin | Operations | $ | 175,000 | |||||
Arthur J. Coerver | Chief Operating Officer | $ | 152,000 | |||||
Harvey Rothenberg | Vice President, Marketing | $ | 145,000 | |||||
Commencing as of the first day of fiscal 2006 (July 1, 2005), each of the executive officers, other than Mike Blumenfeld and Tevis Martin, will be eligible to receive a bonus of (a) up to 25% of his base salary if Collegiate Pacific’s earnings before interest, taxes, depreciation and amortization (“EBITDA”) for fiscal 2006 is at least $15,000,000 and (b) up at an additional 8% of his base salary for each $1,000,000 of additional EBITDA of Collegiate Pacific for fiscal 2006 up to a maximum fiscal 2006 EBITDA of $18,000,000.
