Tandy Brands Accessories, Inc. Fiscal 2006 Executive and Director Compensation Summary

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Summary

This document outlines the 2006 compensation for executive officers and non-employee directors of Tandy Brands Accessories, Inc. It details base salaries, restricted stock, and stock option awards for key executives, as well as annual retainers, meeting fees, and equity awards for directors. The agreement also sets stock ownership guidelines requiring non-employee directors to own stock worth three times their annual retainer, and the Chairman five times, within five years. All equity awards are granted under the company's 2002 Omnibus Plan.

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EX-10.43 2 d26432exv10w43.htm SUMMARY OF FISCAL 2006 ANNUAL BASE SALARIES AND EQUITY AWARDS exv10w43  

Exhibit 10.43

Executive Officer Compensation Summary — Fiscal 2006

                         
            Shares of   Shares Underlying
    Base Salary   Restricted Stock*   Stock Options*
Executive Officer   ($)   (#)   (#)
 
                        
J.S.B. Jenkins
                        
President and Chief
  $ 508,800       14,818       24,534  
Executive Officer
                        
 
                        
Mark J. Flaherty
                        
Chief Financial Officer, Treasurer
  $ 187,500       6,270       10,381  
and Assistant Secretary
                        

Non-Employee Director Compensation Summary — Fiscal 2006

                                     
            Board and Committee   Shares of   Shares Underlying
Annual Retainer   Meetings Fees   Restricted Stock*   Stock Options*
($)   ($)   (#)   (#)
 
                                    
Board
              Continuing           Continuing        
Member (other than the Chairman of the Board):
  $ 25,000     Audit Committee:
$2,000 per meeting		   Board Member:     1,100     Board Member:     2,000  
                                   
Audit Committee
              New           New        
Chairperson:
  $ 7,500         Board Member:     1,800     Board Member:     3,500  
 
                                    
          Board and Other   Chairman           Chairman        
Other
          Committees:   of the Board:     2,200     of the Board:     4,000  
Committee
          $1,500 per meeting                        
Chairpersons:
  $ 5,000         New Chairman           New Chairman        
              of the Board:     3,600     of the Board:     7,000  
Chairman
                                    
of the Board:
  $ 53,000                              

      In addition, the Board of Directors, upon recommendation of the Compensation Committee, approved a stock ownership guideline of three times the annual retainer for non-employee directors and five times the annual retainer for the Chairman of the Board. Non-employee directors have five years from the adoption of the stock ownership guideline by the Board, or from their first election to the Board if later, to comply.

* All equity awards will be granted under the Tandy Brands Accessories, Inc. 2002 Omnibus Plan.