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

Contract Categories: Business Finance - Stock Agreements
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.