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GIS » Topics » Annual Retainer for Directors

This excerpt taken from the GIS 8-K filed Dec 16, 2005.

Annual Retainer for Directors

Non-employee directors receive a $75,000 annual retainer for their board service. The Audit Committee chair receives a $15,000 annual retainer and other members of the Audit Committee receive a $5,000 annual retainer. Chairs of the Compensation Committee, Corporate Governance Committee, Finance Committee and Public Responsibility Committee each receive a $10,000 annual retainer. The retainers can be paid quarterly in cash, paid quarterly in General Mills stock, or deferred quarterly into a variety of book-entry investment funds, including a General Mills stock fund.















This excerpt taken from the GIS 10-K filed Jul 28, 2005.

Annual Retainer for Directors

Non-employee directors receive a $50,000 annual retainer for their board service. In addition, the Audit Committee Chairman receives a $10,000 annual retainer and other members of the Audit Committee receive a $5,000 annual retainer. The retainer can be paid quarterly in cash, paid quarterly in company stock, or deferred quarterly into a variety of book-entry investment funds, including a General Mills stock fund.









EXCERPTS ON THIS PAGE:

8-K
Dec 16, 2005
10-K
Jul 28, 2005
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