Executive and Director Compensation Summary for Fiscal Years 2007 and 2006

Summary

This document outlines the annual base salaries, restricted stock, and stock option awards for executive officers and non-employee directors of the company for fiscal years 2007 and 2006. It lists compensation details for key executives, including the President, CFO, and Vice President of Operations, as well as board and committee fees for directors. The summary specifies that equity grants are based on the company's prior fiscal year performance. The agreement sets out the compensation structure but does not impose additional obligations or conditions beyond these disclosures.

EX-10.1 2 d35315exv10w1.htm SUMMARY OF FISCAL 2007 AND 2006 ANNUAL BASE SALARIES exv10w1

Exhibit 10.1

Executive Officer Compensation Summary — Fiscal 2007 and 2006


		Shares of	Shares Underlying
	Base Salary	Restricted Stock	Stock Options
Executive Officer	($)	(#)*	(#)*
J.S.B. Jenkins President and Chief Executive Officer	2007 – $508,800 2006 – $508,800	2007 – 0 2006 – 14,818	2007 – 0 2006 – 24,534

Mark J. Flaherty Chief Financial Officer, Treasurer and Assistant Secretary	2007 – $187,500 2006 – $187,500	2007 – 0 2006 – 6,270	2007 – 0 2006 – 10,381

David Lawhon Vice President of Operations	2007 – $180,000 2006 – $180,000	2007 – 0 2006 – 2,467	2007 – 0 2006 – 1,490


*		All equity grants are based on the Company’s financial performance for the prior fiscal year.

Non-Employee Director Compensation Summary — Fiscal 2007

Board and Committee

Shares of

Shares Underlying

Annual Retainer

Meetings Fees

Restricted Stock

Stock Options

($)

(#)

Board Member (other than
the Chairman of the

Audit Committee:

Continuing

Board):

25,000

$2,000 per meeting

Board Member:

Audit Committee

Board and Other

New Board Member:

N/A

New Board Member:

N/A

Chairperson:

7,500

Committees: $1,500

per meeting

Other Committee Chairpersons:

5,000

Chairman of the Board:

53,000

New Chairman of the Board:

N/A

New Chairman of the Board:

N/A