Attached files
file | filename |
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10-K - FORM 10-K - SYNOVIS LIFE TECHNOLOGIES INC | c61917e10vk.htm |
EX-31.2 - EX-31.2 - SYNOVIS LIFE TECHNOLOGIES INC | c61917exv31w2.htm |
EX-21.1 - EX-21.1 - SYNOVIS LIFE TECHNOLOGIES INC | c61917exv21w1.htm |
EX-32.1 - EX-32.1 - SYNOVIS LIFE TECHNOLOGIES INC | c61917exv32w1.htm |
EX-23.1 - EX-23.1 - SYNOVIS LIFE TECHNOLOGIES INC | c61917exv23w1.htm |
EX-31.1 - EX-31.1 - SYNOVIS LIFE TECHNOLOGIES INC | c61917exv31w1.htm |
EX-10.10 - EX-10.10 - SYNOVIS LIFE TECHNOLOGIES INC | c61917exv10w10.htm |
Exhibit 10.11
Summary of Fiscal 2011 Named Executive Officer Compensation
Set forth below is a summary of fiscal 2011 compensation arrangements between Synovis Life
Technologies, Inc. (the Company) and certain of its executive officers who are expected to
constitute the Companys named executive officers (defined in Regulation S-K Item 402(a)(3)) for
fiscal 2011. All of the Companys executive officers are at-will employees whose compensation and
employment status may be changed at any time in the discretion of the Companys Board of Directors,
subject only to the terms of the Management Change in Control Agreements between the Company and
these executive officers (the forms of which have been filed or incorporated by reference as
exhibits to the Companys annual report on Form 10-K).
Base Salary
Effective November 1, 2010, the following executive officers are scheduled to receive the following
annual base salaries in their current positions:
Name and Current Position | Base Salary | |||
Richard W. Kramp |
$ | 388,533 | ||
(President and Chief Executive Officer) |
||||
Brett A. Reynolds |
$ | 223,487 | ||
(Vice President of Finance and Chief Financial Officer) |
||||
Michael K. Campbell |
$ | 220,000 | ||
(President of Synovis Micro Companies Alliance, Inc.) |
||||
Mary L. Frick |
$ | 202,887 | ||
(Vice President of Regulatory Affairs, Clinical Affairs and Quality) |
||||
Timothy M. Floeder |
$ | 199,093 | ||
(Vice President of Corporate Development) |
Annual Cash Incentive Compensation
For fiscal 2011, the Companys named executive officers are eligible to receive annual cash
incentive compensation up to 5% of their base salary based upon the Companys achievement of its
budgeted quarterly revenue, operating income and gross margin percent. Additionally for fiscal
2011, the Companys named executive officers are eligible to receive annual cash incentive
compensation ranging from 20% to 35% of their base salary based upon achievement of the Companys
annual financial performance goals. Additional cash incentive compensation may be awarded at the
discretion of the Compensation Committee for performance or achievement above individual goals.
Benefits
The Company provides medical, dental and life and disability insurance benefits as well as a 401(k)
retirement plan and a stock purchase plan to its executive officers. The same benefits are
available to all Company employees.