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HFFC » Topics » 2007 Compensation for Ms. Solberg.

This excerpt taken from the HFFC DEF 14A filed Oct 15, 2007.
2007 Compensation for Ms. Solberg.   During the fiscal year ended June 30, 2007, Ms. Solberg received a base salary of $119,250 compared with a base salary of $116,000 during the fiscal year ended June 30, 2006. Accrued for Ms. Solberg for variable performance-based compensation was a $59,950 expense under the Corporation’s Short-Term Incentive Plan and a $25,840 expense under the Corporation’s Long-Term Incentive Plan during fiscal 2007. Thus, the variable performance-based portion was approximately 35% of Ms. Solberg’s total compensation of $242,531 in fiscal 2007.

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