Name and Title 2009 Base Salary 2009 Option Grant 2008 BonusJeff Staszak President and Chief Executive Officer $ 385,000 90,000 $ 319,303 Mike Burns Vice President, Finance and Chief Financial Officer $ 230,000 40,000 $ 127,168 David Lidsky Vice President, Design Engineering $ 225,000 20,000 $ 119,428 Bill Numann Vice President, Marketing $ 235,000 30,000 $ 124,736 Craig Teuscher Vice President, Sales and Applications Engineering $ 240,000 30,000 $ 132,697
2009 Executive Officer Compensation
The following table sets forth (i) 2009 base salaries to the Companys executive officers, which represent no change from the levels established for such executive officers in January 2008, (ii) 2009 option grants to be made to the Companys executive officers and (iii) bonus payments to be made to the executive officers pursuant to the Companys 2008 Management Bonus Plan.
Name and Title | 2009 Base Salary | 2009 Option Grant | 2008 Bonus | |||
Jeff Staszak President and Chief Executive Officer | $ 385,000 | 90,000 | $ 319,303 | |||
Mike Burns Vice President, Finance and Chief Financial Officer | $ 230,000 | 40,000 | $ 127,168 | |||
David Lidsky Vice President, Design Engineering | $ 225,000 | 20,000 | $ 119,428 | |||
Bill Numann Vice President, Marketing | $ 235,000 | 30,000 | $ 124,736 | |||
Craig Teuscher Vice President, Sales and Applications Engineering | $ 240,000 | 30,000 | $ 132,697 |
The stock options described above (i) shall be granted on January 30, 2009 in compliance with the Companys policy on annual grants for executive officers and shall have an exercise price per share equal to the closing price of our common stock as reported on the Nasdaq Global Select Market on January 29, 2008, (ii) shall be granted pursuant to our 2004 Equity Incentive Plan, and (iii) shall terminate seven years after the date of grant, or earlier in the event the optionholders service to the Company is terminated. Subject to the optionholders continued service to us, 25% of the shares of common stock subject to such stock options vest on the first anniversary of the date of grant, and the remaining shares vest quarterly over the following three years.