Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - GROUP 1 AUTOMOTIVE INC | h74806e10vq.htm |
| EX-31.1 - EX-31.1 - GROUP 1 AUTOMOTIVE INC | h74806exv31w1.htm |
| EX-32.1 - EX-32.1 - GROUP 1 AUTOMOTIVE INC | h74806exv32w1.htm |
| EX-10.2 - EX-10.2 - GROUP 1 AUTOMOTIVE INC | h74806exv10w2.htm |
| EX-31.2 - EX-31.2 - GROUP 1 AUTOMOTIVE INC | h74806exv31w2.htm |
| EX-32.2 - EX-32.2 - GROUP 1 AUTOMOTIVE INC | h74806exv32w2.htm |
Exhibit 10.1
Group 1
Automotive, Inc.
Summary
of Non-Employee Director Compensation
Effective
July 1, 2010
| Amount | ||||
|
Annual
Retainer(1):
|
||||
|
Cash
|
$ | 35,000 | ||
|
Stock(2)
|
95,000 | |||
|
Additional Annual Retainers:
|
||||
|
Non-Executive Chairman of the Board
|
100,000 | |||
|
Audit Committee Chair
|
25,000 | |||
|
Compensation Committee Chair
|
10,000 | |||
|
All Other Committee Chairs
|
7,500 | |||
|
Meeting
Fees(3):
|
||||
|
Board
|
2,500 | |||
|
Audit Committee
|
2,500 | |||
|
Non-Audit Committee
|
1,500 | |||
|
Vehicle Stipend
|
17,600 | |||
| (1) | Payable in quarterly installments. | |
| (2) | Granted under Group 1 Automotive, Inc. 2007 Long Term Incentive Plan; valued at the date of grant. | |
| (3) | Abbreviated meetings, as determined at the discretion of the chair, will result in the payment of one-half of the regular fees for the meeting. |
Summary
of Director
Stock Ownership Guidelines
Approved November 2009
Stock Ownership Guidelines
Approved November 2009
Directors are required to maintain ownership of a minimum
of 10,000 shares of Group 1 Automotive, Inc.’s
common stock. The minimum ownership requirement must be
achieved within five years of election to the Board of
Directors. Restricted stock granted to directors as part of the
annual retainer counts toward the minimum ownership requirement
without regard to the vesting or other liquidity provisions
related thereto.