Taken from the proxy. I'm not sure these are excessive amounts. Those who chair committees (.e. Johnson, Felcyn) also get the corresponding pay for that particular function. Looks like Johnson, Felcyn and Shrock had their board fees reduced. Do these fees seem excessive as compared to paid board members from other companies? If you want to read an interesting compensation arrangement, I suggest you read the "Goerner Agreement" .
Directors who are not our employees are compensated for their service as a director as shown in the table below:
Schedule of Director Fees
May 31, 2009
|
Compensation Item
|
|
Amount
|
|
|
Board
|
|
$
|
36,000/28,800(1)
|
|
|
Corporate Development, M & A Committee Chair
|
|
|
28,800
|
|
|
Audit Committee Chair
|
|
|
67,200
|
|
|
Compensation Committee Chair
|
|
|
28,800
|
|
|
Executive Committee Chair
|
|
|
28,800
|
|
|
Phoenix Digital Solutions, LLC Management Committee Board Member
|
|
|
36,000
|
|
|
1.
|
Mr. Johnson, Ms. Felcyn and Mr. Schrock receive the lesser amount in conjunction with their fee reductions implemented in May 2009.
|
