(1) | Title of each class of securities to which transaction applies: | |
(2) | Aggregate number of securities to which transaction applies: | |
(3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |
(4) | Proposed maximum aggregate value of transaction: | |
(5) | Total fee paid: |
o | Fee paid previously with preliminary materials: | |
o | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |
(1) | Amount Previously Paid: | |
(2) | Form, Schedule or Registration Statement No. | |
(3) | Filing Party: | |
(4) | Date filed: |
Long Term Compensation | ||||||||||||||||||||||||||||||||||
Annual Compensation | Awards | Payouts | ||||||||||||||||||||||||||||||||
Securities | ||||||||||||||||||||||||||||||||||
Other Annual | Restricted | Underlying | LTIP | All Other | ||||||||||||||||||||||||||||||
Salary | Bonus | Compensation | Stock Awards | Options | Payouts | Compensation | ||||||||||||||||||||||||||||
Name and Principal Position | Fiscal Year | ($) | ($) | ($) | ($) | (#) | ($) | ($)1 | ||||||||||||||||||||||||||
Richard D. Kurtz |
2005 | 168,000 | 40,320 | | | 28,000 | | 10,700 | ||||||||||||||||||||||||||
Chairman of the Board and |
2004 | 160,000 | 32,000 | | | 150,000 | | 5,800 | ||||||||||||||||||||||||||
Chief Executive Officer2 |
2003 | 22,000 | | 11,500 | | | | 100 | ||||||||||||||||||||||||||
Paul D. Ludwig |
2005 | 168,000 | 40,320 | | | 24,000 | 18,100 | |||||||||||||||||||||||||||
President |
2004 | 160,000 | 32,000 | | | 50,000 | | 16,300 | ||||||||||||||||||||||||||
2003 | 97,000 | | 4,000 | | 100,000 | | 7.000 | |||||||||||||||||||||||||||
Susan A. Schmidt |
2005 | 103,000 | 20,444 | | | 20,000 | | 18,200 | ||||||||||||||||||||||||||
Chief Financial Officer and |
2004 | 99,000 | 16,000 | | | | | 14,100 | ||||||||||||||||||||||||||
Secretary3 |
2003 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||
Brock Koren |
2005 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||
President and Chief Executive |
2004 | 125,000 | | | | | | | ||||||||||||||||||||||||||
Officer4 |
2003 | 155,000 | | | | | | 86,000 | ||||||||||||||||||||||||||
1 | Represents amounts paid by the Company on behalf of the named person in connection with the Companys benefits plans, 401(k) Retirement Plan, vacation pay and car allowance. |
2 | Mr. Kurtz was appointed to the office of Chief Executive Officer in February 2003, following the resignation of Mr. Koren. Other annual compensation in 2003 reflects Directors fees paid as part of plans provided to outside directors. |
3 | Ms. Schmidt joined the Company in March 2000; however, total compensation is not reported for fiscal year 2003, as annual salary and bonus did not exceed $100,000. Ms. Schmidt resigned from her position as Chief Financial Officer and Secretary in March 2005. | |
4 | Mr. Koren resigned from his position as President in February 2003. Compensation continued through December 2003 under a severance agreement. |
By Order of the Board of Directors | ||
Camarillo, California July 28, 2005 |
Paul D. Ludwig |
|
Acting Secretary |