| Summary Compensation Table
Restricted Stock Awards There were no issuances of restricted stock award during fiscal 2010 to any named executive. Outstanding Equity Awards at Fiscal Year End The following table sets forth information concerning outstanding equity awards for the named executives as of December 31, 2010:
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| SUMMARY COMPENSATION TABLE - FISCAL 2010 |
Name and principal position |
|
Salary
($) |
|
Bonus ($) |
(1) |
Stock awards ($) |
|
Non-equity incentive plan compensation ($) |
|
All other compensation ($) |
|
Total ($) |
Christopher Spencer – Chief Executive Officer |
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2010 |
|
145,200 |
|
0 |
|
0 |
|
0 |
|
0 |
|
145,200 |
2009 |
|
145,200 |
|
0 |
|
0 |
|
0 |
|
0 |
|
145,200 |
2008 |
|
143,875 |
|
0 |
|
0 |
|
0 |
|
0 |
|
143,875 |
John Busshaus – Chief Financial Officer |
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2010 |
|
133,100 |
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0 |
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0 |
|
0 |
|
0 |
|
133,100 |
2009 |
|
133,100 |
|
0 |
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0 |
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0 |
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0 |
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133,100 |
2008 |
|
131,115 |
|
0 |
|
293,750 |
(2) |
0 |
|
0 |
|
424,865 |
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(1) |
The bonuses shown in this column represent discretionary awards. |
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(2) |
Stock-based compensation represents the amounts recognized for financial reporting purposes for granting of stock options totaling $177,320, calculated in accordance with the requirements of SFAS No. 123R. Reference is made to Note 8 to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year 2008 for a detailed description of the assumptions used in valuing stock-based awards under SFAS No. 123R. |
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