Attached files
file | filename |
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10-K - FORM 10-K - HUTTIG BUILDING PRODUCTS INC | c56552e10vk.htm |
EX-32.1 - EX-32.1 - HUTTIG BUILDING PRODUCTS INC | c56552exv32w1.htm |
EX-31.2 - EX-31.2 - HUTTIG BUILDING PRODUCTS INC | c56552exv31w2.htm |
EX-23.1 - EX-23.1 - HUTTIG BUILDING PRODUCTS INC | c56552exv23w1.htm |
EX-32.2 - EX-32.2 - HUTTIG BUILDING PRODUCTS INC | c56552exv32w2.htm |
EX-31.1 - EX-31.1 - HUTTIG BUILDING PRODUCTS INC | c56552exv31w1.htm |
EX-21.1 - EX-21.1 - HUTTIG BUILDING PRODUCTS INC | c56552exv21w1.htm |
EX-10.29 - EX-10.29 - HUTTIG BUILDING PRODUCTS INC | c56552exv10w29.htm |
Exhibit 10.28
Compensation Arrangements for
Certain Named Executive Officers
Certain Named Executive Officers
Set forth below is a summary of the compensation arrangements of the incumbent executive
officers to be named in the Companys 2010 Proxy Statement for the Annual Meeting of Stockholders,
other than Mr. Jon P. Vrabely, the Companys President and Chief Executive Officer, who is covered
by a written employment agreement filed as an exhibit to the Companys Annual Report on Form 10-K
for the year ended December 31, 2009 (the Form 10-K).
Each of the executive officers named below is an employee at will whose compensation and employment
status may be changed at any time in the discretion of the Companys Board of Directors.
Base Salaries. In September 2009, the Company instituted a temporary 10% reduction in the
base salaries of certain employees, including each of the executive officers. The temporary
reductions were made to mitigate the impact of seasonal decreases in construction activity, which
generally adversely affect the Companys first and fourth quarters. The temporary reductions
remained in effect at February 15, 2010.
As of February 15, 2010, the unreduced base salary for each of the incumbent executive
officers, other than Mr. Vrabely, and the base salary for each such officer after giving effect to
the temporary salary reduction described above are as follows:
Base Salary | ||||||||
Name and Principal Position | (unreduced) | (after 10% reduction) | ||||||
Philip W. Keipp
Vice President, Chief Financial Officer and Secretary(1) |
$ | 250,000 | $ | 225,000 | ||||
Gregory W. Gurley
Vice President, Product Management and Marketing |
$ | 225,000 | $ | 202,500 | ||||
Brian D. Robinson
Vice President, Chief Information Officer |
$ | 199,500 | $ | 179,500 | ||||
Richard A. Baltz
Vice President, Internal Audit |
$ | 190,000 | $ | 171,000 |
Base salaries are adjusted from time to time. Any such adjustments are approved by the Management
Organization and Compensation Committee.
Bonuses and Equity Awards. These executive officers are also eligible to participate in the
Companys annual incentive compensation plans and equity incentive compensation plans, as provided
in the terms of such plans. Such plans, and any forms of awards thereunder providing for material
terms, are included as exhibits to the Form 10-K.