Attached files
file | filename |
---|---|
10-K - FORM 10-K - ESCALADE INC | escalade_10k09.htm |
EX-21 - EXHIBIT 21 - ESCALADE INC | ex_21.htm |
EX-23.2 - EXHIBIT 23.2 - ESCALADE INC | ex23_2.htm |
EX-32.1 - EXHIBIT 32.1 - ESCALADE INC | ex32_1.htm |
EX-23.1 - EXHIBIT 23.1 - ESCALADE INC | ex23_1.htm |
EX-31.2 - EXHIBIT 31.2 - ESCALADE INC | ex31_2.htm |
EX-31.1 - EXHIBIT 31.1 - ESCALADE INC | ex31_1.htm |
EX-32.2 - EXHIBIT 32.2 - ESCALADE INC | ex32_2.htm |
EX-10.25 - EXHIBIT 10.25 - ESCALADE INC | ex10_25.htm |
EX-10.24 - EXHIBIT 10.24 - ESCALADE INC | ex10_24.htm |
EX-10.26 - EXHIBIT 10.26 - ESCALADE INC | ex10_26.htm |
Exhibit
10.23
Escalade,
Incorporated
Schedule
of Director Compensation
Each
independent director of Escalade, Incorporated currently is entitled to receive
an annual cash retainer of $25,000. Each member of the Audit Committee is
entitled to receive an additional annual fee of $5,000 except for the Audit
Committee Chairman who is entitled to receive $15,000. Each member of the
Compensation Committee is entitled to receive an additional annual fee of $3,000
except for the Compensation Committee Chairman who is entitled to receive
$10,000. Members of the Audit Committee and Compensation Committee receive
additional fees of $1,000 per committee meeting attended in excess of six and
four meetings respectively. Mr. Robert Griffin, the Chairman of the Board, is
entitled to receive an annual cash retainer of $50,000. All independent
directors and Mr. R. Griffin are entitled to receive an additional fee of $1,000
per board meeting attended in excess of eight meetings per year. In 2009, the
independent directors and Mr. R. Griffin have all volunteered to take a 10%
reduction in all fees in which they are entitled to receive. In 2009, each of
the independent directors and Mr. R. Griffin received an annual stock option
award of 5,000 shares with a one year vesting.
Under the
terms of the Escalade, Incorporated 2007 Incentive Plan, directors can elect to
receive some or all of the fees earned in shares of the Company’s common stock
or in the form of RSU’s which vest after one year. In 2009, there were 33,195
shares issued and 54,103 RSU’s issued pursuant to the plan. In 2009, directors
Baalmann, Williams and White opted to receive 100% of the fees they were
entitled to in the form of RSU’s and stock. Director R. Griffin received a
combination of cash and stock. Directors Matthews and Savitsky received their
fees in cash.
Directors
Keller and Patrick Griffin are full-time employees of the Company and receive no
board fees in connection with their service on the Company’s Board of
Directors.