Titan Machinery Inc. Executive Officer Compensation Arrangements for Fiscal Year 2012
Titan Machinery Inc.'s Board of Directors has approved the annual base salaries for its executive officers for the 2012 fiscal year. The agreement specifies that David J. Meyer, Chairman and CEO, and Peter J. Christianson, President and COO, will each receive a base salary of $330,000, while Mark P. Kalvoda, CFO, will receive $225,000. This document outlines the compensation terms for these key executives for the specified period.
EXHIBIT 10.39
TITAN MACHINERY INC.
COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
FOR FISCAL YEAR 2012
The Titan Machinery Inc. Board of Directors approved the 2012 fiscal year base salaries for the executive officers as set forth below.
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| 2012 Annual |
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| Executive Officer and Title |
| Base Salary |
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| David J. Meyer |
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| Chairman and Chief Executive Officer |
| $ | 330,000 |
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| Peter J. Christianson |
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| President and Chief Operating Officer |
| $ | 330,000 |
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| Mark P. Kalvoda |
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| Chief Financial Officer |
| $ | 225,000 |
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