Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Salton Signs Employment Contracts with Senior Officers
Oct 25, 2002
 Printable format
 Email this Article
 Search

Small appliance maker Salton Inc. (Mount Prospect, IL, U.S.) entered into new employment contracts with its senior executives on Wednesday, according to a regulatory filing with the Securities and Exchange Commission on Friday.

The agreements with chairman David C. Sabin, CEO Leonhard Dreimann, and president and COO William B. Rue are effective Jan. 1, 2003 and provide employment through June 30, 2006, the filing said. (Dow Jones)

Each of the executives is entitled under the agreements to an annual salary of U.S. $600,000, subject to an annual increase based on the company's performance. They are also entitled to an annual bonus of 150 percent of the executive's salary if the company achieves maximum performance goals, the filing said.

Salton also entered into an employment agreement, effective Jan. 1, with David M. Mulder, executive vice president, chief administrative officer and senior financial officer, providing him with a $300,000 annual salary and bonus of up to 100 percent his salary, the filing said.

Back to Daily News

 

Daily News

...........................................................

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows