This excerpt taken from the KAMN DEF 14A filed Mar 9, 2006.
Annual Compensation Comparison
* All restrictions immediately lapse.
The total estimated annual compensation for a Director sitting on two committees (non-chair, 5 meetings per Committee per year) and assuming a stock price of $20 per share was $76,000 under the previous compensation structure and is $106,000 under the new structure.
Directors may defer all, or a portion of, their cash compensation. Interest accrues on such deferrals at the same rate that applies to our Deferred Compensation Plan.
Eileen S. Kraus, Chair of the Special Committee of the Board that was responsible for negotiating the recapitalization transaction and recommending it to the Board, received a lump sum payment in the amount of $105,000 during 2005 in recognition of her role in the transaction over a three-year period.