Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - MCG CAPITAL CORP | d10k.htm |
| EX-21 - EXHIBIT 21 - MCG CAPITAL CORP | dex21.htm |
| EX-31.1 - EXHIBIT 31.1 - MCG CAPITAL CORP | dex311.htm |
| EX-23.1 - EXHIBIT 23.1 - MCG CAPITAL CORP | dex231.htm |
| EX-10.21 - EXHIBIT 10.21 - MCG CAPITAL CORP | dex1021.htm |
| EX-31.3 - EXHIBIT 31.3 - MCG CAPITAL CORP | dex313.htm |
| EX-31.2 - EXHIBIT 31.2 - MCG CAPITAL CORP | dex312.htm |
| EX-32.1 - EXHIBIT 32.1 - MCG CAPITAL CORP | dex321.htm |
| EX-32.3 - EXHIBIT 32.3 - MCG CAPITAL CORP | dex323.htm |
| EX-32.2 - EXHIBIT 32.2 - MCG CAPITAL CORP | dex322.htm |
Exhibit 10.41
Non-Employee Director Compensation Summary
MCG Capital Corporation’s (the “Company’s”) non-employee directors are currently: (i) A. Hugh Ewing, III; (ii) Kim D. Kelly; (iii) Wallace B. Millner, III; (iv) Richard W. Neu; (v) Kenneth J. O’Keefe; and (vi) Gavin Saitowitz. The compensation structure for the Company’s non-employee directors is as follows:
AWARD OF RESTRICTED STOCK UPON APPOINTMENT OR ELECTION
The SEC has granted an order authorizing us to award restricted shares of our common stock to our non-employee directors. Under the Amended and Restated 2006 Non-Employee Director Restricted Stock Plan, which we refer to as the 2006 Director Plan, non-employee directors each receive an award of 7,500 shares of restricted stock at the beginning of each three-year term of service on our board of directors. Forfeiture provisions lapse as to one-third of the awarded shares each year over the three-year term. Awards of restricted stock under the 2006 Director Plan are automatic and may not be changed without further approval from the SEC.
PAYMENT OF RETAINER FEE; CHAIR AND COMMITTEE FEES; REIMBURSEMENT OF TRAVEL AND OTHER EXPENSES
During the year ended December 31, 2010, each non-employee director received an annual retainer of $85,000 for his or her service on our board of directors. Additional amounts were paid as follows:
| Position | Additional Fees | |
| Non-Employee Chairman of the Board |
$15,000 | |
| Audit Committee and Investment and Valuation Committee Chairs |
$15,000 | |
| Compensation Committee and Nominating and Corporate Governance Committee Chairs |
$10,000 | |
| Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Investment and Valuation Committee Members (in addition to fees paid for service as Non-Employee Chairman of the Board for service as Committee chairs) |
$10,000/Committee | |
All retainer amounts were paid quarterly during Fiscal 2010 in arrears. Non-employee directors also received reimbursement for reasonable travel and other expenses in connection with attending meetings of our board of directors during Fiscal 2010.