-2-
C. Consent Items
Mr. Miles called attention to the consent items which included the minutes, PR 2
Personnel Actions, and acceptance FCRs 1, 2, and 3 which included pledges and gifts. Mr.
Stuckert moved approval of the consent items. Mr. Shoop seconded the motion, and it passed
without dissent. (See consent items listed below at the end ofthe Minutes.)
Minutes — June 8, 2010
PR 2 Personnel Actions
FCR 1 Gift from the Estate of Dianne L. McKaig
FCR 2 William Stamps Farish Fund Gift and Pledge
FCR 3 Multiple Gifts to Replace Unfulfilled Pledge to Research Challenge Trust Fund
D. 2011 Schedule for Meetings of Board of Trustees
Mr. Miles noted that the 2011 Schedule for Meetings of Board of Trustees was in the
agenda book and asked if there were any objections to the schedule or comments. There were no
comments, and the schedule was accepted as presented.
E. Executive Committee Report
Mr. Miles then asked for the Executive Committee Report. He asked Dr. Brockrnan to
speak first. Dr. Brockrnan reported that nine months ago Chair Mira Ball asked him and Board
Member Sandy Bugie Patterson to examine the compensation package for the president. He
used a PowerPoint presentation as he made his report. (See the presentation titled "Analysis of
Presidential Compensation” below.)
Dr. Brockrnan first explained the current compensation package in his slide presentation.
It showed a $304,000 base salary that is tied to faculty salary increases, plus $25,000 for chairing
UKRF and $25,000 for chairing the UK Athletic Association Board. These amounts make a
total recurring base salary of $354,000.
A bonus amount is $200,000, the bonus payment is based on the president’s perfonnance
under a grading system that the Board of Trustees had put in place. Dr. Brockrnan also pointed
out that from what he and Ms. Patterson were able to determine, the bonus was intended to be
part ofthe recurring salary for the president.
The last part ofthe presidential compensation package is his retirement funding, which is
15 percent ofthe base, or $45,612, plus other standard benefits received by university
employees, and some personal compensation specific to the president’s position.
Slide 3 compared the 2009-10 presidential salary with salaries received by presidents of
other Kentucky public institutions. UK’s president’s salary ranks fourth, after the salaries ofthe
presidents of University of Louisville, Northem Kentucky University, and the chair ofthe
Council of Postsecondary Education.