Executive Compensation Description for Fiscal Year Ended September 2, 2011

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the salaries paid to the company's executive officers for the fiscal year ending September 2, 2011. It lists the compensation for Robert A. Placek (Chairman of the Board), C. Troy Woodbury, Jr. (President and CEO), and James Traicoff (Treasurer and CFO). The document also notes a company-wide reduction in paid working hours by about 10% since January 2009, affecting the reported salaries of Mr. Woodbury and Mr. Traicoff, and provides their current annual base salaries.

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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.