FBSI » Topics » Summary Compensation Table

This excerpt taken from the FBSI DEF 14A filed Sep 29, 2005.

Summary Compensation Table

The following information is furnished for Mr. Schumacher, who served as the Chief Executive Officer of the Corporation and the Savings Bank during the year ended June 30, 2005.   No other executive officer of the Corporation or the Savings Bank received salary and bonus in excess of $100,000 during the year ended June 30, 2005.  Effective September 7, 2005 Mr. Schumacher resigned as Chairman of the Board, Director, President and Chief Executive Officer of the Corporation and the Savings Bank.


Annual Compensation(1)


Name and Position


Salary ($)(2)

Other Annual



All Other Compensation



Charles W. Schumacher






President and Chief Executive Officer of the Corporation






And the Savings Bank








All compensation, including fringe benefits, is paid by the Savings Bank.


Amounts for fiscal 2005 include director’s fees of $3,900 and Chairman of the Board fees of $2,275.


Does not include perquisites which did not exceed $50,000 or 10% of salary and bonus.


For fiscal years 2003 and 2004, consists of 401(k) contributions.  There were no 401(k) contributions for fiscal year 2005.

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