Exhibit 10.39
Escalade, Incorporated
Schedule of Executive Officer Compensation
Compensation for the executive
officers of Escalade, Incorporated consists of a base salary,
bonuses and long-term incentives in the form of stock option grants
or restricted stock unit grants.
Base Salary
In general, base salaries are set
at the beginning of each year based upon the Company’s income
level generated in the prior year, any changes in the level of
responsibility and the subjective individual performance review
conducted by the Company’s Compensation Committee. The 2009
base salaries for the Companies executive officers are as
follows:
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Name
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Position
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Annual Base Salary
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Robert Griffin (a)
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Chairman of the Board
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$ 50,580
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Robert J. Keller (a)
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President and Chief Executive
Officer
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$ 270,000
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Deborah J. Meinert (b)
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VP Finance, CFO
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$ 132,000
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(a) Messrs Griffin and Keller
were entitled to receive $56,200 and $300,000 respectively but have
voluntarily agreed to a 10% reduction in each of these
amounts.
(b) Ms. Meinert replaced Terry
Frandsen, who resigned as VP Finance and CFO of Escalade, Inc. on
January 30, 2