EXHIBIT 10.39

 

TITAN MACHINERY INC.

COMPENSATION ARRANGEMENTS FOR EXECUTIVE OFFICERS
FOR FISCAL YEAR 2012

 

The Titan Machinery Inc. Board of Directors approved the 2012 fiscal year base
salaries for the executive officers as set forth below.

 

 

 

2012 Annual

 

Executive Officer and Title

 

Base Salary

 

David J. Meyer

 

 

 

 

Chairman and Chief Executive Officer

 

$

330,000

 

 

 

 

 

Peter J. Christianson

 

 

 

 

President and Chief Operating Officer

 

$

330,000

 

 

 

 

 

Mark P. Kalvoda

 

 

 

 

Chief Financial Officer

 

$

225,000

 

 

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