10-K: Annual report pursuant to Section 13 and 15(d)
Published on February 15, 2008
EXHIBIT
10.16
EXECUTIVE
SALARIES AND
BONUSES
On
December
13, 2007, the Compensation Committee of our Board of Directors increased the
annual salary of our named executive officers, in accordance with the terms
and
conditions of the respective employment agreements previously filed by us,
as
follows:
|
C.
Taylor Pickett
|
$549,500
|
|
Daniel
J. Booth
|
$338,500
|
|
Robert
O. Stephenson
|
$272,000
|
|
R.
Lee Crabill
|
$262,500
|
|
Michael
D. Ritz
|
$181,500
|
Also,
the Compensation Committee
approved 2007 cash bonus payments to executive officers in the amounts set
forth
below opposite the name of such officer:
|
C.
Taylor Pickett
|
$663,125
|
|
Daniel
J. Booth
|
$244,875
|
|
Robert
O. Stephenson
|
$157,620
|
|
R.
Lee Crabill
|
$136,840
|
|
Michael
D. Ritz
|
$61,250
|