Attached files
file | filename |
---|---|
EX-23.1 - WEGENER CORP | v167683_ex23-1.htm |
EX-32.2 - WEGENER CORP | v167683_ex32-2.htm |
EX-32.1 - WEGENER CORP | v167683_ex32-1.htm |
EX-31.1 - WEGENER CORP | v167683_ex31-1.htm |
EX-3.1-2 - WEGENER CORP | v167683_ex3-1x2.htm |
10-K - WEGENER CORP | v167683_10k.htm |
EX-31.2 - WEGENER CORP | v167683_ex31-2.htm |
EXHIBIT
10.8
Description
of Executive Compensation
For the
fiscal year ended August 28, 2009 compensation paid to the executive officers
consisted of their individual salaries and Company matching 401K contributions.
These amounts were as follows:
401k
|
||||||||||||
Name and Position
|
Salary
|
Contribution
|
Total
|
|||||||||
Robert
A. Placek
|
$ | 155,660 | $ | 5,526 | $ | 164,186 | ||||||
Chairman
of the Board;
|
||||||||||||
Director
|
||||||||||||
C.
Troy Woodbury, Jr.
|
$ | 134,514 | $ | 6,975 | $ | 141,488 | ||||||
President
and Chief
|
||||||||||||
Executive
Officer;
|
||||||||||||
Director
|
||||||||||||
James
Traicoff
|
$ | 95,445 | $ | 4,949 | $ | 100,494 | ||||||
Treasurer
and Chief
|
||||||||||||
Financial
Officer
|
Effective
October 9, 2009, the Board of Directors appointed C. Troy Woodbury Jr. as
President and Chief Executive Officer of Wegener Corporation and
WCI. James Traicoff was appointed Treasurer and Chief Financial
Officer of Wegener Corporation and WCI. Robert Placek resigned as
President and Chief Executive Officer of Wegener Corporation on October 9, 2009,
but remains as Chairman of the Board of Wegener Corporation. On October 13,
2009, Ned L. Mountain tendered his resignation as director of Wegener
Corporation and effective October 16, 2009, Mr. Mountain left
WCI. Mr. Mountain was President and Chief Operating Officer of WCI
from January 2005 to October 2009 and Director of the Company from May 2003 to
October 2009. For the fiscal year ended August 28, 2009, compensation
paid to Mr. Mountain was salary of $140,193 and a Company matching 401K
contribution of $7,269.
The above
salary amounts reflect a company-wide reduction in paid working hours by
approximately 10% beginning in January 2009. Current annual base salaries in
effect for the above executive officers are as follows: Robert A. Placek-
$89,539; C.Troy Woodbury, Jr.- $143,924; and James Traicoff- $102,122. The
compensation committee is currently reviewing the salary compensation of the
executive officers as a result of the October 9, 2009
appointments.