Wegener Corporation and Subsidiary EXHIBIT 10.8 Description of Executive Compensation
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.