9-Apr-2010 Source: PHI
Official filing states on Form 8-K – Change in Directors or Principal Officers
Item 5.02(c) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 1, 2010, PHI, Inc. (the “Company”) appointed Lance F. Bospflug, 55, as President. He will continue to report to Mr. Gonsoulin, Chairman and CEO. Mr. Bospflug, who is also a director of the Company, continues as the Company’s Chief Operating Officer, a position held since February 2009. Previously, beginning September 2008, Mr. Bospflug was employed by the Company for special projects, reporting directly to Al A. Gonsoulin, our Chairman and CEO. From May 2004 to September 2008, Mr. Bospflug was self employed.
Mr. Bospflug’s current annual salary is $543,000 and he participates in the annual incentive compensation plan and the officer’s deferred compensation plan. Mr. Bospflug is eligible for the same insurance and welfare benefits as other employees, and while employed will not receive any additional compensation for his service on the Company’s board.