BMNM » Topics » Compensation of OFS' Chief Executive Officer and President

This excerpt taken from the BMNM DEF 14A filed Mar 15, 2006.

Compensation of OFS' Chief Executive Officer and President

        OFS entered into an employment agreement with Mr. Norden in September 2005. This agreement provides for an annual base salary of $750,000 and an annual nondiscretionary cash bonus of $750,000 to be paid in four equal quarterly installments in return for his service as Chief Executive Officer and President of OFS and Senior Executive Vice President of the Company.

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Compensation Committee
Kevin L. Bespolka, Chairperson
Maureen A. Hendricks
W. Christopher Mortenson

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