Delaware | 000-26966 | 84-0846841 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
1625 Sharp Point Drive, Fort Collins, Colorado | 80525 | |
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
$20,000 annual retainer paid quarterly in July, October, February and April;
An additional $50,000 annual retainer for the Chair of the Board, paid quarterly in
July, October, February and April;
An additional $30,000 annual retainer for the Lead Director paid quarterly in July,
October, February and April;
$3,000 per day for each full board meeting, whether such meeting is held in person or
telephonically;
$4,000 per Audit and Finance Committee meeting for the Chair and $1,750 per meeting for
each other committee member, whether such meeting is held in person or telephonically;
$2,000 per Compensation Committee meeting or Corporate Governance & Nominations
Committee meeting for such Committees Chair, and $750 for each other Committee member,
whether such meeting is held in person or telephonically;
15,000 restricted stock units on initial election or appointment to the Board, which
vest in equal installments over four years, contingent upon the recipient continuing to be
a director of the company; and
6,000 restricted stock units annually on the date of re-election at the annual meeting
which vest in equal installments over four years, contingent upon the recipient continuing
to be a director of the company.
Number | Exhibit | |
10.1
|
Non-Employee Director Compensation Structure |
Advanced Energy Industries, Inc.
|
||||
Date: July 28, 2006 | /s/ Mark D. Hartman | |||
Mark D. Hartman, Principal Financial and | ||||
Accounting Officer | ||||
Exhibit Number
Description
Non-Employee Director Compensation Structure
| $20,000 annual retainer paid quarterly in July, October, February and April; | ||
| An additional $50,000 annual retainer for the Chair of the Board, paid quarterly in July, October, February and April; | ||
| An additional $30,000 annual retainer for the Lead Director paid quarterly in July, October, February and April; | ||
| $3,000 per day for each full board meeting, whether such meeting is held in person or telephonically; | ||
| $4,000 per Audit and Finance Committee meeting for the Chair and $1,750 per meeting for each other committee member, whether such meeting is held in person or telephonically; | ||
| $2,000 per Compensation Committee meeting or Corporate Governance & Nominations Committee meeting for such Committees Chair and $750 for each other Committee member, whether such meeting is held in person or telephonically; | ||
| 15,000 restricted stock units on initial election or appointment to the Board, which vest in equal installments over four years, contingent upon the recipient continuing to be a director of the company; and | ||
| 6,000 restricted stock units annually on the date of re-election at the annual meeting which vest in equal installments over four years, contingent upon the recipient continuing to be a director of the company. |