October 2008 - Employment of a new chief executive officer to succeed the individual who guided the company since 1990

EX-10.50 5 d68972exv10w50.htm EX-10.50 exv10w50

EXHIBIT 10.50
TANDY BRANDS ACCESSORIES, INC.
FISCAL 2010 COMPENSATION SUMMARIES

On June 30, 2009 the Board of Directors (the “Board”) of Tandy Brands Accessories, Inc. (the “Company”), upon the recommendation of the Compensation Committee, approved the following base salaries for fiscal 2010 for the Company’s executive officers.

The Board also approved the annual cash compensation for nonemployee directors for fiscal 2010.

FISCAL 2010 EXECUTIVE OFFICER COMPENSATION SUMMARY


	Base
Executive Officer	Salary

N. Roderick McGeachy, III, Chairman of the Board,⁽¹⁾President, and Chief Executive Officer	$	330,000

M.C. Mackey, Chief Financial Officer, Teasurer, and Assistant Secretary	$	216,300

Robert J. McCarten, Senior Vice President - Sales	$	215,000


⁽¹⁾ - Mr. McGeacy does not receive compensation for serving as a director or Chairman of the Board.

FISCAL 2010 NONEMPLOYEE DIRECTOR COMPENSATION SUMMARY

Board and Committee

Meeting Fees

Annual Retainer

Per Meeting

Shares of Restricted Stock ^(A)

Board Member

Audit Committee

Continuing Board Member

3,000

(other than

$2,000

Lead Independent Director

New Board Member

4,060

and Chairman of the Board)

25,000

Board and Other

Committees

Nonemployee Chairman

Audit Committee

$1,500 in person

of the Board

4,200

Chairperson

7,500

$750 telephonic

Other Committee

Chairpersons

5,000

Lead Independent Director

50,000


^(A) - Awards pursuant to the Tandy Brands Accessories, Inc. 2002 Omnibus Plan, as amended June 6, 2007.