Attached files
| file | filename |
|---|---|
| 10-K - WEGENER CORP | v202047_10k.htm |
| EX-23.2 - WEGENER CORP | v202047_ex23-2.htm |
| EX-32.2 - WEGENER CORP | v202047_ex32-2.htm |
| EX-32.1 - WEGENER CORP | v202047_ex32-1.htm |
| EX-31.2 - WEGENER CORP | v202047_ex31-2.htm |
| EX-31.1 - WEGENER CORP | v202047_ex31-1.htm |
| EX-23.1 - WEGENER CORP | v202047_ex23-1.htm |
Wegener Corporation and
subsidiary
EXHIBIT
10.8
Description
of Executive Compensation
For the
fiscal year ended September 3, 2010, compensation paid to the executive officers
consisted of their individual salaries. These amounts were as
follows:
|
Name and Position
|
Salary
|
|||
|
Robert
A. Placek
Chairman
of the
Board; Director
|
$ | 98,703 | ||
|
C.
Troy Woodbury, Jr.
President
and Chief
Executive
Officer;
Director
|
$ | 129,532 | ||
|
James
Traicoff
Treasurer
and Chief
Financial
Officer
|
$ | 91,910 | ||
Effective
October 9, 2009, the Board of Directors appointed C. Troy Woodbury Jr. as
President and Chief Executive Officer of Wegener Corporation and WCI. James
Traicoff was appointed Treasurer and Chief Financial Officer of Wegener
Corporation and WCI. Robert Placek resigned as President and Chief
Executive Officer of Wegener Corporation on October 9, 2009, but remains as
Chairman of the Board of Wegener Corporation. On October 13, 2009, Ned L.
Mountain tendered his resignation as director of Wegener Corporation and
effective October 16, 2009, Mr. Mountain left WCI. Mr. Mountain was President
and Chief Operating Officer of WCI from January 2005 to October 2009 and
Director of the Company from May 2003 to October 2009. For the fiscal year ended
August 28, 2009, compensation paid to Mr. Mountain was salary of $140,193 and a
Company matching 401K contribution of $7,269.
The above
salary amounts reflect a company-wide reduction in paid working hours by
approximately 10% beginning in January 2009. Current annual base salaries in
effect for the above executive officers are as follows: Robert A. Placek-
$89,539; C.Troy Woodbury, Jr.- $143,924; and James Traicoff- $102,122. The
compensation committee is currently reviewing the salary compensation of the
executive officers as a result of the October 9, 2009 appointments.