Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Diversified Restaurant Holdings, Inc. | dfrh20130311_8k.htm |
| EX-10 - EXHIBIT 10.1 - Diversified Restaurant Holdings, Inc. | dfrh20130311_8kex10-1.htm |
Exhibit 10.2
2013 Diversified Restaurant Holdings, Inc. Short-Term Incentive Program
Short-term Incentive Program – Designed to support the business’ objectives of profitable growth through a combination of new store openings, same store sales growth, cost savings, and key strategic initiatives.
|
Corporate Financial |
|||||||||||||
|
Name |
Title |
2013 Target Bonus |
(80% CEO and CFO and 70% all Others) |
$ of Bonus at Target Associated with: | |||||||||
|
% of Salary |
$ |
Corporate EBITDA |
Same Store Sales Growth (Bagger Daves) |
Same Store Sales Growth (Buffalo Wild Wings) |
Strategic / Individual |
Corporate EBITDA |
Same Store Sales Growth (Bagger Daves) |
Same Store Sales Growth (Buffalo Wild Wings) |
Strategic / Individual | ||||
|
Michael Ansley |
Chairman, President, & CEO |
60% |
$129,000 |
70% |
5% |
5% |
20% |
$90,300 |
$6,450 |
$6,450 |
$25,800 | ||
|
David Burke |
CFO & Treasurer |
40% |
$80,000 |
70% |
5% |
5% |
20% |
$56,000 |
$4,000 |
$4,000 |
$16,000 | ||
|
Jason Curtis |
COO |
40% |
$74,000 |
60% |
5% |
5% |
30% |
$44,400 |
$3,700 |
$3,700 |
$22,200 | ||
|
Ioana Ben-Ezra |
Chief Compliance Officer and Controller |
30% |
$36,000 |
60% |
5% |
5% |
30% |
$21,600 |
$1,800 |
$1,800 |
$10,800 | ||
|
Lupita Distaso |
VP of Purchasing |
20% |
$23,000 |
60% |
5% |
5% |
30% |
$13,800 |
$1,150 |
$1,150 |
$6,900 | ||
|
Rebecca Raver |
VP of Marketing |
20% |
$23,000 |
60% |
5% |
5% |
30% |
$13,800 |
$1,150 |
$1,150 |
$6,900 | ||
|
Amy Kuschel |
Director of HR |
10% |
$6,500 |
60% |
5% |
5% |
30% |
$3,900 |
$325 |
$325 |
$1,950 | ||
|
Total |
$371,500 |
$243,800 |
$18,575 |
$18,575 |
$90,550 | ||||||||
2013 Financial Metrics:
|
Threshold |
Target |
Maximum | |
|
Payout (as a %of Target) |
50% |
100% |
150% |
|
Corporate EBITDA |
$12,000,000 |
$15,000,000 |
$18,000,000 |
|
Same Store Sales Growth (Bagger Daves) |
3% |
4% |
6% |
|
Same Store Sales Growth (Buffalo Wild Wings) |
1.5% |
2% |
3% |
Straight-line interpolation will be used to calculate actual bonus earned for 2013, such that any performance below Threshold will result in a payout of 0% for the metric and all amounts will be capped at 150% of target.
Strategic/Individual Goals will consist of 3-5 specific and measureable objectives where possible. Committee and management evaluation of achievement of goals will be used to develop final award for this component of the incentive program.