2005 Base Salary Approval for Named Executive Officers
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Summary
The Compensation Committee of the Company's Board of Directors approved the 2005 base salaries for its named executive officers, effective March 1, 2005. The officers and their respective salaries are: Joseph R. Gromek ($950,000), Lawrence R. Rutkowski ($550,000), Roger A. Williams ($680,000), Frank Tworecke ($700,000), and Stanley P. Silverstein ($525,000). Only Roger A. Williams received a salary increase from his previous amount of $650,000.
EX-10.5 6 file003.htm 2005 BASE SALARIES OF NAMED EXECUTIVE OFFICERS
Exhibit 10.5 2005 Base Salaries of Named Executive Officers On March 2, 2005, the Compensation Committee of the Board of Directors of the Company approved the following 2005 base salaries, which were effective March 1, 2005, for the Company's named executive officers: Joseph R. Gromek ($950,000); Lawrence R. Rutkowski ($550,000); Roger A. Williams ($680,000); Frank Tworecke ($700,000); and Stanley P. Silverstein ($525,000). Roger A. Williams was the only named executive officer to receive a base salary increase for 2005. His prior salary was $650,000.
