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Re: mclawhon post# 736

Friday, 10/24/2014 6:22:20 PM

Friday, October 24, 2014 6:22:20 PM

Post# of 1752
A year ago the shareholders voted at the annual meeting to pay the President $130,000 per annum.
In the initial agenda for this years meeting the compensation proposal was a raise to $200,000 a year. However, a revised agenda for the 2014 meeting was sent out a week before the meeting and that proposal read $120,000. So rather than a $70,000 raise, the proposal voted on Thursday was actually for a $10,000 pay cut for the company's president. It is up to the board of directors to keep, hire or fire company presidents.