EX-10.5 2 d644558dex105.htm EX-10.5

EXHIBIT 10.5

Hub Group, Inc.

Description of Executive Officer Cash Compensation

For 2014

Annual Cash Compensation

Base Salary

Set forth below are the 2014 base salaries of the Chief Executive Officer and each of the four most highly compensated executive officers in 2013. The Company considers various factors in assigning executive officers to specific salary ranges, including job content, level of responsibility, accountability, and the competitive compensation market. On an annual basis, all executive officers’ salaries are reviewed and adjusted to reflect individual performance and position within their respective ranges.

Bonus Plan

Executive officers are eligible for annual performance-based awards under the Company’s bonus plan, as are all salaried employees. For 2013, goals were weighted upon achievement of targeted levels of earnings per share and, for some executives, upon achievement of personal goals. The goals for 2014 will also be similarly weighted.

Restricted Stock

The Company makes periodic grants of restricted stock to executive officers. The grants of restricted stock made in early 2014 vest in equal installments over a five year period beginning a year from the grant date.

David P. Yeager

Chairman and Chief Executive Officer

|  | Base |
2014 |  | $ | 693,750 |

Mark A. Yeager

Vice Chairman, President and Chief Operating Officer

|  | Base |
2014 |  | $ | 565,000 |

Terri A. Pizzuto

Executive Vice President, Chief Financial Officer and Treasurer

|  | Base |
2014 |  | $ | 380,050 |

James J. Damman

President – Mode Transportation

|  | Base |
2014 |  | $ | 361,530 |

David C. Zeilstra

Vice President, Secretary and General Counsel

|  | Base |
2014 |  | $ | 344,000 |