CompUSA 2007 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2007 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 107

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107

7
KL2 2553275.3
Compensation of Directors
The Company’s policy is not to pay compensation to Directors who are also employees of the Company or its
subsidiaries. Each non-employee Director receives annual compensation as follows: $50,000 per year as base
compensation, $5,000 per year for each committee of which such director is a non-chair member, $15,000 per year
for each committee chair, and a grant each year of shares of Company stock (restricted for sale for two years) in an
amount equal to $25,000 divided by the fair market value of such stock on the date of grant. The Lead Independent
Director, currently Robert D. Rosenthal, also receives an additional $10,000 per year. The restricted stock grants
were made pursuant to the 2006 Stock Incentive Plan for Non-Employee Directors, which was approved by
stockholders at the 2006 Annual Stockholders’ Meeting.