EX-10.27



 






Exhibit 10.27




VCA ANTECH, INC.

SUMMARY OF EXECUTIVE OFFICERS’ COMPENSATION

FOR 2005




Annual Cash Compensation



Base Compensation. Set forth below are the base salaries effective for 2004 of the Chief Executive
Officer, each of the four most highly compensated executive officers in 2004, and each of our other
executive officers. These salaries continue in 2005 until the Compensation Committee of the Board
of Directors completes its annual review, which is expected to occur in March 2005. The
Compensation Committee of the Board of Directors reviews the base salaries of the executive
officers annually and makes adjustments as it deems appropriate.




	 	 	 	 	 
	Name	 	Title	 	Base Salary
	Robert L. Antin (1)

	 	Chairman, President &

Chief Executive Officer
	 	 $562,432
	 
	 	 	 	 
	Arthur J. Antin (1)

	 	Chief Operating Officer &

Senior Vice President
	 	 $449,946
	 
	 	 	 	 
	Tomas W. Fuller (1)

	 	Chief Financial Officer,
Vice President and
Secretary
	 	 $264,368
	 
	 	 	 	 
	Neil Tauber 

	 	Senior Vice President
	 	 $295,152
	 
	 	 	 	 
	Dawn Olsen

	 	Principal Accounting

Officer, Vice President &

Controller
	 	 $183,040







	   	(1) Please refer to the employment agreements of these executive officers, each of
which has been filed with the Securities and Exchange Commission, for the other terms and
conditions of their employment.






	   	Cash Bonus Plan. Each of the executive officers are eligible to participate in the bonus
plan. In the case of the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer
and Senior Vice President, under the plan, the Compensation Committee awards annual cash bonuses to
executive officers in an amount computed as a percentage of such officer’s base salary dependent
upon the achievement by the Company and/or the executive of performance criteria established by the
Compensation Committee with respect to any year. In 2004, the Chief Executive Officer, Chief
Operating Officer, Chief Financial Officer and Senior Vice President had the opportunity to earn a
bonus under the plan of up to 100%, 90%, 70% and 70% of their base salary. For each of our Chief
Executive Officer, Chief Operating Officer and Chief Financial Officer, the performance targets
established for 2004 by the Compensation Committee were based on Adjusted EBITDA, which is defined
as earnings before interest, taxes, depreciation and amortization, adjusted to exclude certain
significant items as determined in the discretion





 








 








of the Compensation Committee. For our Senior Vice President of Development, the performance targets
established for 2004 by the Compensation Committee are based on Adjusted EBITDA and an annual
development target measured by the aggregate annualized revenue attributable to all acquired
businesses during the year. Any bonus awarded to the Principal Accounting Officer is determined in
the sole discretion of the Compensation Committee. The Compensation Committee of the Board of
Directors has not established bonus awards or performance targets for 2005 as of the date of this
filing.




      Bonuses awarded for 2004 in accordance with the foregoing were as follows:



	 	 	 	 	 
	Name	 	Title	 	2004 Bonus
	Robert L. Antin

	 	Chairman, President & Chief

Executive Officer
	 	 $562,432
	 
	 	 	 	 
	Arthur J. Antin

	 	Chief Operating Officer & Senior

Vice President
	 	 $404,951
	 
	 	 	 	 
	Tomas W. Fuller

	 	Chief Financial Officer, Vice
President and Secretary
	 	 $206,606
	 
	 	 	 	 
	Neil Tauber

	 	Senior Vice President
	 	 $185,058






      The Compensation Committee of the Board of Directors has not determined the amount of the cash
bonus payable to the Principal Accounting Officer as of the date of this filing.



Long Term Incentives



Stock Options and Restricted Stock. Executive officers, together with our other employees, are
eligible to receive grants of awards under our 2001 Stock Option Plan. These awards may be in the
form of stock options or purchase rights. The number of shares underlying options or shares are
established by the Compensation Committee of our Board of Directors.



Other Plans. Executive officers are eligible to participate in our group health, dental, life,
disability, retirement and other plans on the same basis as all other employees.