This excerpt taken from the MAIR DEF 14A filed Jun 6, 2008.
INTERESTS OF DIRECTORS AND OFFICERS IN THE PROPOSED DISSOLUTION. Certain of our directors and officers own shares of our common stock and will receive distributions like our other shareholders. Our directors and officers will also receive compensation for their services during the dissolution process. The services to be performed during the dissolution process will include maintaining the Companys portfolio of marketable securities until the securities are liquidated and cash is distributed to our shareholders, managing and settling the Companys liabilities, delivering notices to creditors and addressing any responses to such notices submitted by creditors, creating a liquidating trust if one is required, ensuring that the Company is in compliance with applicable regulatory requirements and preparing and making filings, and otherwise taking actions necessary to complete the dissolution process. Until the final distribution is made to our shareholders, unless certain officers are asked to terminate their employment early, our officers will continue to receive compensation at their current levels, including guaranteed bonus payments for their services during fiscal 2008. In addition, in July 2007, our Compensation Committee adopted a Severance Policy for our employees to ensure that they had appropriate incentives to continue as employees of the Company in connection with the dissolution. Mr. Foley and Ms. Timm are entitled to severance pay in accordance with the terms of the Severance Policy. In addition, Mr. Foley and Ms. Timm are also parties to Executive Retention Agreements under which they will each receive a bonus based upon the amount of the equity distribution MAIR receives from Mesabas liquidating trust. The severance and other payments made to our officers and other employees will be dissolution expenses that will reduce the cash amounts to be distributed to our shareholders and are included inn the table above. Moreover, our Company has indemnified, and will continue during the dissolution process to indemnify, our directors and officers to the fullest extent authorized by the MBCA. We have