Summary of Officer and Director Compensation for Utah Medical Products, Inc. (2009)
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Summary
This document outlines the scheduled compensation for the Chief Executive Officer, Principal Financial Officer, and directors of Utah Medical Products, Inc. for 2009. It details base salaries, potential bonuses, matching contributions to retirement and health plans, pet and family health benefits, and travel expense reimbursements. Directors receive set fees for their roles and committee participation, along with travel reimbursements. The company does not have written compensation contracts with these individuals, except for a separate employment agreement referenced elsewhere.
EX-10.3 4 utmd10k123108ex10-3.htm SUMMARY OF OFFICER AND DIRECTOR COMPENSATION utmd10k123108ex10-3.htm
EXHIBIT 12
SUMMARY OF OFFICER AND DIRECTOR COMPENSATION
Except for the Employment Agreement in Exhibit 6 of this report, the Company does not have any written contractual compensation arrangements with any of its employees or directors, including Executive Officers.
During 2009, the Company’s Chief Executive and Principal Financial Officers (the Company’s “Named Executive Officers”) are scheduled to receive the following compensation from the Company:
| Compensation Arrangement | 2009 Scheduled Amount | |
| Base salary | $ 256,100 (CEO); $99,000 (PFO) | |
| 401(k) matching contributions | 5,880 (maximum) | |
| Section 125 plan matching contributions (1) | 450 (maximum) | |
| Management bonus | will be determined at year-end | |
| Pet health benefits (1) | 500 (maximum) | |
| Family medical benefits (1) | will depend on future events | |
| Travel expense reimbursement (2) | 8,000 (CEO); 2,000 (PFO) |
During 2009, the Company’s Directors are scheduled to receive the following compensation from the Company:
| Compensation Arrangement | Ernst Hoyer | Barbara Payne | James Beeson | |||||||||
| Base | $ | 21,000 | $ | 21,000 | $ | 21,000 | ||||||
| Executive Committee | 4,000 | - | - | |||||||||
| Audit Committee Chairman | 2,000 | - | - | |||||||||
| Travel Expense Reimbursement (2) | 500 | 700 | 500 | |||||||||
(1) CEO and PFO participate on the same basis as other eligible employees.
(2) Estimated 2009 travel expenses on behalf of UTMD business. The Company reimburses its employees and directors for authorized business expenses.
