Wegener Corporation Executive Compensation Description for Fiscal Year Ended August 29, 2008

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation paid to Wegener Corporation's executive officers for the fiscal year ending August 29, 2008. It details the salaries, bonuses, and 401(k) contributions for Robert A. Placek, C. Troy Woodbury, Jr., and Ned L. Mountain. Each executive received a set salary, a $500 bonus paid equally to all employees, and a company-matched 401(k) contribution. The document also lists the current annual base salaries for these executives. This summary provides transparency regarding executive pay and benefits for the specified period.

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EX-10.8 7 v133319_ex10-8.htm
Wegener Corporation and Subsidiary
 
EXHIBIT 10.8

Description of Executive Compensation
 
For the fiscal year ended August 29, 2008 compensation paid to the executive officers consisted of their individual salaries, a bonus paid equally to all employees in December 2007, and Company matching 401K contributions. These amounts were as follows:

Name and Position
  
Salary
  
Bonus
  
401k
Contribution
  
Total
  
                   
Robert A. Placek
Chairman of the
Board, President and
Chief Executive Officer;
Director
  
$
179,078
  
$
500
  
$
10,250
  
$
189,828
  
                           
C. Troy Woodbury, Jr.
Treasurer and Chief
Financial Officer;
Director
  
$
140,997
  
$
500
  
$
10,250
  
$
151,747
  
                           
Ned L. Mountain
President and Chief
Operation Officer of
WCI; Director
  
$
147,693
  
$
500
  
$
10,250
  
$
158,443
  

Current annual base salaries in effect for the above executive officers are as follows: Robert A. Placek- $179,078; C. Troy Woodbury, Jr.- $143,924; and Ned L. Mountain - $150,000.