Titan Machinery Inc. Executive Officer Compensation Arrangements for Fiscal Year 2011
Titan Machinery Inc.'s Board of Directors has approved the annual base salaries for its executive officers for the 2011 fiscal year. The agreement specifies the following salaries: David J. Meyer, Chairman and CEO, and Peter Christianson, President and CFO, will each receive $275,000, while Ted Christianson, Vice President, Finance and Treasurer, will receive $170,000. This arrangement outlines the compensation terms for these key executives for the specified fiscal year.
EXHIBIT 10.39
TITAN MACHINERY INC.
COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
FOR FISCAL YEAR 2011
The Titan Machinery Inc. Board of Directors approved the 2011 fiscal year base salaries for the executive officers as set forth below.
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| 2011 Annual |
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| Executive Officer and Title |
| Base Salary |
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| David J. Meyer |
| $ | 275,000 |
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| Chairman and Chief Executive Officer |
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| Peter Christianson |
| $ | 275,000 |
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| President and Chief Financial Officer |
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| Ted Christianson |
| $ | 170,000 |
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| Vice President, Finance and Treasurer |
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