Titan Machinery Inc. Executive Officer Compensation Arrangements for Fiscal Year 2010
Titan Machinery Inc.'s Board of Directors approved the annual base salaries for its executive officers for the 2010 fiscal year. The agreement lists the base salaries for David J. Meyer (Chairman and CEO), Peter Christianson (President and CFO), and Ted Christianson (Vice President, Finance and Treasurer). This document formalizes the compensation terms for these executives for the specified fiscal year.
EXHIBIT 10.39
TITAN MACHINERY INC.
COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
FOR FISCAL YEAR 2010
The Titan Machinery Inc. Board of Directors approved the 2010 fiscal year base salaries for the executive officers as set forth below.
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| 2009 Annual |
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| Executive Officer and Title |
| Base Salary |
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| David J. Meyer |
| $ | 262,500 |
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| Chairman and Chief Executive Officer |
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| Peter Christianson |
| $ | 262,500 |
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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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