TRGL » Topics » Base Salary

This excerpt taken from the TRGL DEF 14A filed Apr 24, 2009.

Base Salary

2008

        In January 2008, the Compensation Committee recommended to the Board of Directors and the Board of Directors approved that the annual base salaries of Messrs. Lovett, Campise, FitzGerald and Ramirez would not change from their annual base salaries at the end of 2007 except for increasing Mr. Campise's annual base salary to $210,000. This action was due to the Compensation Committee's belief that, other than with respect to Mr. Campise, the base salaries were appropriate based on the January 2008 Longnecker report. Mr. Campise's salary was increased in order to be more compatible with results in the Longnecker report.

2009

        As previously mentioned, in connection with the expected relocation of our headquarters to Paris, France, we are not retaining any of our U.S. employees other than Mr. McKenzie. Therefore, there is not a change in base salary for 2009 for Mr. Campise as he will continue to receive his 2008 base salary through his termination, currently anticipated to be August 30, 2009, pursuant to the terms of his Retention Agreement. Pursuant to the terms of the Letter Agreement described above under "How We Determine Each Element of Compensation—2008 Compensation," Mr. McKenzie receives a monthly salary of $35,000.

This excerpt taken from the TRGL 8-K filed Jan 31, 2007.

2005 Base Salary

 

Nigel Lovett

 

 

President and Chief Executive Officer

 

$428,400

 

Douglas W. Weir

 

 

Senior Vice President – Chief Financial Officer

 

$255,000

 

Michael J. FitzGerald

 

Senior Vice President – Exploration and Production

 

 

$275,000

 

Charles J. Campise

 

 

 

Vice President – Chief Accounting Officer

 

$168,000

 

 

 

 

 

 

This excerpt taken from the TRGL 8-K filed Feb 1, 2006.

2005 Base Salary

 

G. Thomas Graves III

 

 

President and Chief Executive Officer

 

$420,000

 

Douglas W. Weir

 

 

Senior Vice President – Chief Financial Officer

 

$250,000

 

Michael J. FitzGerald

 

Senior Vice President – Exploration and Production

 

 

$270,000

 

Charles J. Campise

 

 

 

Vice President – Chief Accounting Officer

 

$160,000

 

 

 

 

 

 

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