Exhibit 10.26

Summary of Oral Employment Agreements with Named Executive Officers

On February 7, 2007 the Compensation Committee of Great Lakes Dredge & Dock
Corporation approved the 2007 annual base salaries of the Company’s named
executive officers after review of performance and competitive market data.  The
following table sets forth the annual base salary levels for 2007 of the
Company’s five named executive officers.

 

Name and Position

 

Salary

 

 

 

 

 

Douglas B. Mackie (President and CEO)

 

$

420,000

 

Deborah A. Wensel (SVP and CFO)

 

$

255,000

 

Richard M. Lowry (EVP and COO)

 

$

410,000

 

David E. Simonelli (VP, Special Projects Manager)

 

$

175,000

 

Kyle D. Johnson (VP, Chief Contract Manager)

 

$

160,000

 

 

 

 

 

 

 

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