Titan Machinery Inc. Executive Officer Compensation Arrangements for Fiscal Year 2009
Titan Machinery Inc.'s Board of Directors has approved the base salaries for its executive officers for the 2009 fiscal year. The agreement specifies the annual base salaries for David J. Meyer (Chairman and CEO), Peter Christianson (President and CFO), and Ted Christianson (Vice President, Finance and Treasurer). This arrangement outlines the compensation each executive will receive for their roles during the specified fiscal year.
EXHIBIT 10.39
TITAN MACHINERY INC.
COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
FOR FISCAL YEAR 2009
The Titan Machinery Inc. Board of Directors approved the 2009 fiscal year base salaries for the executive officers as set forth below.
|
|
| 2008 Annual |
| |
| Executive Officer and Title |
| Base Salary |
| |
| David J. Meyer |
| $ | 250,000 |
|
| Chairman and Chief Executive Officer |
|
|
| |
|
|
|
|
| |
| Peter Christianson |
| $ | 250,000 |
|
| President and Chief Financial Officer |
|
|
| |
|
|
|
|
| |
| Ted Christianson |
| $ | 155,000 |
|
| Vice President, Finance and Treasurer |
|
|
| |
