Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Executive Officer Base Salary ($)Thomas H. Werner , President and Chief Executive Officer 600,000Manavendra S. Sial , Executive Vice President and Chief Financial Officer 435,000Douglas J. Richards , Executive Vice President, Administration 380,000Kenneth L. Mahaffey , Executive Vice President and General Counsel 335,000
As previously reported, the temporary salary reductions, which initially took
effect on
These actions are part of the Company's thoughtful management of its business throughout the pandemic, including through reduced work weeks and employee pay reductions, which were reinstated this past summer, as previously announced.
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