FY 07 Summary of Compensation Arrangements for Named Executive Officers (December 14th, 2006)
The executive officers of the Company serve at the discretion of the Board of Directors. From time to time, the Organization & Compensation Committee of the Board reviews and determines the salaries that are paid to the Companys executive officers. Salaries are intended to be competitive and reflect factors such as individual performance, level of responsibility, and prior experience. The following are the annual base salaries for fiscal 2007 for the Companys fiscal 2006 Chief Executive Officer, other four most highly compensated executive officers for fiscal 2006, and Dale R. Olseth, the Companys former Executive Chairman, whose compensation disclosure would have been provided in the Companys proxy statement for fiscal 2006 but for the fact that he was not serving as an executive officer of the Company at the end of fiscal 2006.