EXHIBIT 10.8

EX-10.8 2 v241695_ex10-8.htm EXHIBIT 10.8 Unassociated Document
 
EXHIBIT 10.8

Description of Executive Compensation
 


For the fiscal year ended September 2, 2011, compensation paid to the executive officers consisted of their individual salaries. These amounts were as follows:

Name and Position
Salary
  
 
 
  
Robert A. Placek
 $ 89,539  
  Chairman of the
  Board;  Director
      
       
C. Troy Woodbury, Jr. 
 $ 129,532  
  President and Chief
  Executive Officer;
  Director
      
       
James Traicoff
 $ 91,910  
  Treasurer and Chief
  Financial Officer
      


The above salary amounts for C.Troy Woodbury, Jr. and James Traicoff reflect a company-wide reduction in paid working hours by approximately 10% beginning in January 2009. Current annual base salaries in effect for these two executive officers are as follows: C.Troy Woodbury, Jr.- $143,924; and James Traicoff- $102,122.