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This excerpt taken from the STLY DEF 14A filed Mar 5, 2009. Director Compensation Our board of directors has approved a policy for compensation of non-employee directors providing that:
The corporate governance and nominating committee reviews director compensation annually and, as part of that process, has for review publicly available director compensation information about other comparable companies in the furniture industry. Our board of directors approves director compensation. The following table sets forth information concerning the compensation of directors for the year ended December 31, 2008. This excerpt taken from the STLY DEF 14A filed Mar 4, 2008. Director Compensation Our board of directors has approved a policy for compensation of non-employee directors providing that:
The corporate governance and nominating committee reviews director compensation annually and, as part of that process, has for review publicly available director compensation information about other comparable companies in the furniture industry. Our board of directors approves director compensation. The following table sets forth information concerning the compensation of directors for the year ended December 31, 2007. This excerpt taken from the STLY DEF 14A filed Mar 16, 2007. Director Compensation Our board of directors has approved a policy for compensation of non-employee directors providing that:
The corporate governance and nominating committee reviews director compensation annually and, as part of that process, has for review publicly available director compensation information about other comparable companies in the furniture industry. Our board of directors approves director compensation. The following table sets forth information concerning the compensation of directors for the year ended December 31, 2006. This excerpt taken from the STLY DEF 14A filed Mar 17, 2006. Director Compensation The Board of Directors has approved a policy for compensation of non-employee directors providing that (i) each non-employee director (other than the lead director) receives annual cash compensation in the amount of $30,000, (ii) the lead director receives annual cash compensation in the amount of $120,000, and (iii) each non-employee director receives an annual stock option grant, as of the date of the annual meeting of stockholders, to acquire a number of shares with a fair value of $30,000. Pursuant to this policy, in April 2005, each director, other than Messrs. Prillaman and Scheffer, received options under the 2000 Incentive Compensation Plan to acquire 3,182 shares. Messrs. Culp, Haley, McIlhenny and Millner each also received compensation in the amount of $28,750 for serving as a director in 2005. Mr. Prillaman did not receive any separate compensation for serving as a director while he was an employee of the Company through April 2005 and thereafter received $80,000 as lead director. Mr. Scheffer did not receive any separate compensation for serving as a director. This excerpt taken from the STLY DEF 14A filed Mar 24, 2005. Director Compensation
Messrs. Culp, Haley, McIlhenny and Millner each received compensation in the amount of $25,000 for serving as a director in 2004. Messrs. Prillaman and Scheffer did not receive any separate compensation for serving in that capacity. During 2004, each director, other than Messrs. Prillaman and Scheffer, also received options under the 2000 Incentive Compensation Plan to acquire 1,000 shares. The Board has established a policy of providing an annual grant of an option to acquire 1,000 shares to non-employee directors to be granted as of the date of the annual meeting of stockholders.
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