YTB International Inc.’s board of directors appointed Burt Saunders as a director, as well as to the board’s investment committee, the company said in a regulatory filing Monday.
The appointment was effective March 2. In addition to one-time and restricted stock awards, as a nonemployee director Saunders will receive annual compensation of $30,000 for his board service and $1,000 in cash for each board meeting or committee meeting he attends.
The multilevel marketer of travel agent Web sites also said that on March 2, the board approved an additional $12,000 in monthly pay for CEO Robert Van Patten for his duties as interim chief financial officer, according to the company’s filing Monday with the Securities and Exchange Commission.
Source: St. Louis Business Journal
