Not to bad for a company without any Rev's.. EXEC
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Posted On: 01/04/2013 11:53:12 PM
Not to bad for a company without any Rev's..
EXECUTIVE COMPENSATION
The following table provides information regarding the compensation earned during the period from May 16, 2012 (date of inception) to the Company’s fiscal year end September 30, 2012 by our Chief Executive Officer and the two next most highly compensated executive officers.
| Name/Position | Year | Salary | Bonus | Option Awards | Total | |||||||||||||||
| J. Duncan Reid, CEO | 2012 | $ | 97,500 | (1) | $ | 0 | $ | 0 | $ | 97,500 | ||||||||||
| Donald J. Page, CFO | 2012 | (2) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
| Sam Kerr, VP, Business Development | 2012 | $ | 9,600 | $ | 0 | $ | 0 | $ | 9,600 | |||||||||||
| (1) | Of the $97,500, J. Duncan Reid was paid cash of $95,000 and has agreed to accrue $2,500 of unpaid wages. |
| (2) | Donald J. Page was a consultant to TrioResouces AG Inc. from October 15, 2012 to November 30, 2012 and was hired by TrioResources AG Inc. as CFO on December 1, 2012 and therefore was not paid any compensation prior to September 30, 2012. |
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