Summary Sheet for Executive Cash Compensation



 Exhibit 10.3 
 SUMMARY SHEET FOR EXECUTIVE CASH COMPENSATION 
 The following table sets forth annual base
salaries provided to the Company’s principal executive officer, principal financial officer and other named executive officers in 2011 and the 2012 base salaries approved by the Compensation Committee of the Board of Directors
(“Committee”) on March 28, 2012. 
  

									
	 Named Executive Officers
	  	2011 Base
Salaries	 	  	2012 Base
Salaries	 
	 David S. Haffner, President and Chief Executive Officer
	  	$	960,000	  	  	$	995,000	  
	 Karl G. Glassman, Executive Vice President and Chief Operating Officer
	  	$	720,000	  	  	$	745,000	  
	 Matthew C. Flanigan, Senior Vice President – Chief Financial Officer
	  	$	420,000	  	  	$	441,000	  
	 Joseph D. Downes, Jr., Senior Vice President, President – Industrial Materials
	  	$	320,000	  	  	$	329,000	  

 The executive officers will also be eligible to receive a cash award under the Company’s 2009 Key Officers Incentive
Plan (filed March 26, 2009 as Appendix B to the Company’s Proxy Statement) in accordance with the 2012 Award Formula (filed April 2, 2012 as Exhibit 10.2 to the Company’s Form 8-K). An executive’s cash award is calculated by
multiplying his annual salary at the end of the year by a percentage (“Target Percentage”) set by the Committee, then applying an award formula adopted by the Committee for that year. The Target Percentages applicable to the Company’s
principal executive officer, principal financial officer and other named executive officers are shown in the following table. The 2012 Target Percentages were not changed from 2011 levels, except for Mr. Haffner’s percentage was increased
from 90% to 100%. 
  

					
	 Named Executive Officers
	  	2012 Target
Percentages	 
	 David S. Haffner, President and Chief Executive Officer
	  	 	100	%
	 Karl G. Glassman, Executive Vice President and Chief Operating Officer
	  	 	75	%
	 Matthew C. Flanigan, Senior Vice President – Chief Financial Officer
	  	 	65	%
	 Joseph D. Downes, Jr., Senior Vice President, President – Industrial Materials
	  	 	50	%

 Individual Performance Goals. An executive’s cash award under the 2012 Award Formula is based, in part, on
individual performance goals established outside the 2009 Key Officers Incentive Plan (20% relative weight). The types of goals for our named executive officers in 2012 include: 
 David S. Haffner: Margin enhancement, strategic direction for profitable growth, profitability of targeted business groups, and succession planning; 

Karl G. Glassman: Margin enhancement, revenue growth, increase on-site reviews of operations, and remediation of internal audit findings;

 Matthew C. Flanigan: Working capital management, upgrade of financial systems, cash repatriation, succession planning, and
continuous improvement projects; and 
 Joseph D. Downes, Jr.: Segment revenue growth, profitability of targeted businesses, and
utilization and efficiency initiatives. 
 The achievement of the individual performance goals is measured by the following scale. 

Individual Performance Goals Payout Schedule 
                                 (1-5
scale)                                 

 

					
	 Achievement
	  	Payout	 
	 1 – Did not achieve goal
	  	 	0	% 
	 2 – Partially achieved goal
	  	 	50	% 
	 3 – Substantially achieved goal
	  	 	75	% 
	 4 – Fully achieved goal
	  	 	100	% 
	 5 – Significantly exceeded goal
	  	 	up to 150	% 

 Retired Named Executive Officer. Paul R. Hauser, a named executive officer in the Company’s Proxy
Statement filed March 30, 2012, retired as Senior Vice President, President—Residential Furnishings on February 18, 2012. As such, Mr. Hauser (i) will not participate in the Key Officers Incentive Plan in 2012;
(ii) does not have individual performance goals for the Company in 2012; and (iii) no longer receives a salary from the Company. As previously reported, Mr. Hauser received an annual base salary at the rate of $340,000 with a Target
Percentage of 50% in 2011.