Attached files
file | filename |
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10-K - FORM 10-K - BLACK BOX CORP | l42680e10vk.htm |
EX-31.2 - EX-31.2 - BLACK BOX CORP | l42680exv31w2.htm |
EX-32.1 - EX-32.1 - BLACK BOX CORP | l42680exv32w1.htm |
EX-31.1 - EX-31.1 - BLACK BOX CORP | l42680exv31w1.htm |
EX-23.1 - EX-23.1 - BLACK BOX CORP | l42680exv23w1.htm |
EX-21.1 - EX-21.1 - BLACK BOX CORP | l42680exv21w1.htm |
Exhibit 10.22
SUMMARY OF DIRECTOR COMPENSATION
Directors who are not employees of Black Box Corporation (the Company) receive directors
fees of $35,000 per annum, paid quarterly, and an additional fee of $2,000 for each meeting of the
Board of Directors attended in person and $1,000 for each meeting of the Board of Directors
attended via telephone. The Chairman of the Board also receives an annual fee of $75,000, paid
quarterly. Non-employee directors also are eligible to receive awards under the 2008 Long-Term
Incentive Plan (the 2008 Plan). On May 17, 2011, each non-employee director received an
immediately-vested restricted stock unit award with a value of $100,000 on such date. Based on the
closing price of the Companys common stock, par value $.001 per share (the Common Stock), on the
date of grant (and rounding to the nearest ten shares), this grant resulted in a restricted stock
unit award to each non-employee director for 3,090 shares of Common Stock which vested immediately
upon grant.
Members of the Audit Committee of the Board of Directors receive a fee of $1,500 for each
meeting of the Audit Committee attended in person or by telephone, and members of each of the
Compensation Committee, Nominating Committee and Governance Committee receive a fee of $1,000 for
each meeting of the respective committee attended in person or by telephone. The Chairman of each
of the Audit Committee and Compensation Committee receives an annual fee of $15,000, paid
quarterly, and the Chairman of each of the Nominating Committee and Governance Committee receives
an annual fee of $7,500, paid quarterly.
Any director who is an employee of the Company does not receive additional compensation for
service as a director of the Company.
In addition, the Company maintains directors and officers liability insurance. Directors
also are reimbursed customary expenses for attending meetings of the board of directors, board
committees and stockholders.