Summary of Named Executive Officer Compensation for Wolverine Tube, Inc. (2009)
Wolverine Tube, Inc.'s Compensation Committee has set the 2009 annual base salaries for its Chief Operating Officer, Chief Financial Officer, and Senior Vice President, Sales and Customer Relations. The named executives are Harold M. Karp ($335,000), David A. Owen ($280,000), and Garry K. Johnson ($232,000). These executives also participate in the company's standard benefit and incentive plans, as described in the company's 2008 Form 10-K filing.
Exhibit 10.51
SUMMARY OF NAMED EXECUTIVE OFFICER COMPENSATION
Current Annual Base Salaries. The Compensation Committee (the “Committee”) of the Board of Directors of Wolverine Tube, Inc. (the “Company”) has approved the following for 2009 annual base salaries for the Chief Operating Officer, the Chief Financial Officer and the Senior Vice President, Sales and Customer Relations:
| Name and Position | Current Annual Base Salary | ||
| Harold M. Karp | $ | 335,000 | |
| David A. Owen | $ | 280,000 | |
| Garry K. Johnson | $ | 232,000 | |
Other. The above listed executive officers also participate in the Company’s executive and regular benefit plans, programs and arrangements, including retirement and 401(k) plans, equity incentive plans and other plans, programs and arrangements as disclosed in the Company’s Form 10-K for the year ended December 31, 2008 as filed with the Securities and Exchange Commission.
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