Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective November 1, 2008, Ready Mix, Inc. (the "Company") implemented a 5% reduction to the base salary of all salaried employees in the Company.
As a result of the base salary reduction, the annual base salary of the Company's President, Robert De Ruiter, decreased $8,250 to a new base annual salary of $156,750, which may be adjusted from time to time by the Company's compensation committee and subject to the approval of the board of directors.
The annual base salary of the Company's Chief Financial Officer, Clint Tryon, decreased $7,500 to a new base annual salary of $142,500, which may be adjusted from time to time by the Company's compensation committee and subject to the approval of the board of directors.