CLB 2019 Proxy Statement

38 conclusion of the 2018 annual meeting of shareholders, May 24, 2018. Mr. Bergmark retired from the Company and his role as Executive Vice President effective December 31, 2018. Monty L. Davis Mr. Davis served as our Chief Operating Officer until his retirement as of December 31, 2018 pursuant to an employment agreement entered into on August 1, 1998, as amended and restated as of December 31, 2007. Unless either party gave notice to terminate the agreement, the agreement would have automatically renewed each year on the anniversary of the effective date for a successive three-year term. Mr. Davis' employment agreement, as amended, entitled him to an initial base salary of $231,000, subject to increase at the discretion of the Compensation Committee, and the opportunity to earn a yearly bonus of up to 150% of his then current annual base salary dependent upon his reaching certain performance objectives established by the Compensation Committee anddescribed above under "CompensationDiscussion andAnalysis - Elements of Compensation -Non-Equity Incentive Compensation." The employment agreement provided that Mr. Davis was entitled to participate in all of our benefit plans and programs that were available to our other executive employees. As disclosed above under "Compensation Discussion andAnalysis - Introduction", Mr. Davis retired from the Company and his role as our Chief Operating Officer, effective December 31, 2018. Lawrence Bruno Mr. Bruno serves as our President (and Chief Operating Officer as of January 1, 2019) pursuant to an employment agreement entered into on March 1, 2019. Unless either party gives notice to terminate the agreement, the agreement will automatically renew each year on the anniversary of the effective date for a successive three-year term. Mr. Bruno's employment agreement entitles him to an initial base salary of $531,000, subject to increase at the discretion of the Compensation Committee, and the opportunity to earn a yearly bonus of up to 180% of his then current annual base salary dependent upon his reaching certain performance objectives established by the Compensation Committee and described above under "Compensation Discussion and Analysis - Elements of Compensation - Non-Equity Incentive Compensation." The employment agreement provides that Mr. Bruno is entitled to participate in all of our benefit plans and programs that are generally available to our other executive employees. Christopher S. Hill Mr. Hill serves as our Senior Vice President and Chief Financial Officer pursuant to an employment agreement entered into on March 1, 2019. Unless either party gives notice to terminate the agreement, the agreement will automatically renew each year on the anniversary of the effective date for a successive three-year term. Mr. Hill’s employment agreement entitles him to an initial base salary of $365,000, subject to increase at the discretion of the Compensation Committee, and the opportunity to earn a yearly bonus of up to 150% of his then current annual base salary dependent upon his reaching certain performance objectives established by the Compensation Committee and described above under "Compensation Discussion andAnalysis - Elements of Compensation - Non-Equity Incentive Compensation." The employment agreement provides that Mr. Hill is entitled to participate in all of our benefit plans and programs that are generally available to our other executive employees. Outstanding Equity Awards at Fiscal Year End The following table provides information concerning stock that has not vested, and equity incentive plan awards for our Chief Executive Officer and each of our other NEOs as of the end of our last completed fiscal year. None of our NEOs held unexercised options as of the end of our last completed fiscal year.