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This excerpt taken from the WGNR DEF 14A filed Dec 29, 2008. Director Compensation Table The following table provides certain information concerning compensation for each non-employee director during the fiscal year ended August 29, 2008. Robert A. Placek, C. Troy Woodbury, Jr., and Ned L. Mountain, all of whom are members of our board of directors, have been omitted from this table since they receive no compensation for serving on our board of directors.
Each non-employee director is paid an annual retainer of $5,000, and for each meeting of our board of directors or any committee of our board of directors on which a non-employee director serves, such director is paid $1,000 for attendance in person and $300 for attendance by telephone conference. Directors are also reimbursed for reasonable out-of-pocket expenses. Mr. Wright also received cash compensation for his additional efforts related to strategic planning efforts. Pursuant to our 1998 Incentive Plan, each non-employee director has in the past received an option to purchase 3,000 shares of common stock on the last business day of December of each year at an exercise price equal to the fair market value on such date. These options are exercisable for ten years. On January 1, 2008, our 1998 Incentive Plan expired. The 2009 Plan does not include such a provision.
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Table of ContentsThis excerpt taken from the WGNR DEF 14A filed Dec 27, 2007. Director Compensation Table The following table provides certain information concerning compensation for each non-employee director during the fiscal year ended August 31, 2007. Robert A. Placek, C. Troy Woodbury, Jr., and Ned L. Mountain, all of whom are members of our board of directors, have been omitted from this table since they receive no compensation for serving on our board of directors.
Each non-employee director is paid an annual retainer of $5,000, and for each meeting of our board of directors or any committee of our board of directors on which a non-employee director serves, such director is paid $1,000 for attendance in person and $300 for attendance by telephone conference. Directors are also reimbursed for reasonable out-of-pocket expenses. Pursuant to our 1998 Incentive Plan, each non-employee director receives an option to purchase 3,000 shares of common stock on the last business day of December of each year at an exercise price equal to the fair market value on such date. These options are exercisable for ten years.
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