|
2.
|
Consists of $35,400 board fee, $36,000 Phoenix Digital Solutions, LLC management committee fee, $35,400 Compensation Committee Chair fee and $35,400 Executive Committee Chair fee. In May 2009, Mr. Johnson’s Patriot board fees were reduced by 20%.
|
|
3.
|
Consists of $35,400 board fee and $82,600 Audit Committee Chair fee. In May 2009, Ms. Felcyn’s board fees were reduced by 20%.
|
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.
|
All retainers are paid in monthly installments.
.
.
.
Be well
