EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1

Information Concerning Executive Compensation
 
On January 06, 2017, the Compensation Committee of HomeFed Corporation (the “Company”) approved annual salary increases (effective January 1, 2017) and discretionary 2016 cash bonuses for each of the Company’s executive officers who were included as named executive officers in the Company’s 2016 proxy statement.

Name and Title
  
Base Salary in 2017
    
Bonus Award for 20161
  
Paul J. Borden
  
$
390,770
    
$
254,2322
 
President and
                
Chief Executive Officer
                
                 
John Kent Aden, Jr.
  
$
319,707
    
$
209,403
  
Vice President
                
                 
Christian E. Foulger
  
$
245,714
    
$
207,227
  
Vice President
                
                 
Erin N. Ruhe
  
$
234,462
    
$
206,896
  
Vice President,
                
Treasurer and Controller
                


1 Includes a holiday bonus paid to each of the named executive officers based on a percentage of salary of $11,493 for Mr. Borden, $9,403 for Mr. Aden, $7,227 for Mr. Foulger and $6,896 for Ms. Ruhe.
 
2 Also includes a gross-up bonus of $42,739 for Mr. Borden as reimbursement for taxes payable on travel, commuting and lodging expenses.