Total Compensation of Overland's CEO Kelly to Be Divided par Nine

At the annual meeting of shareholders of Overland Storage, Inc. to be held at next June 18, the proposed salaries and total compensation of the three main executives will be in $US:

Name	2011 salary	2012 salary	*Growth*	Total compen- sation 2011	Total compen- sation 2012	Growth
Eric Kelly, 54, president and CEO	400,000	400,000	0%	5,192,448	596,260	-89%
Kurt Kalbfleisch, 47, CFO	243,500	266,000	9%	2,156,330	364,556	-83%
Jillian Mansolf, 46, SVP global sales and marketing	334,095	326,500	*-2%*	1,921,564	365,805	-81%

The Overland’s agreement with Kelly provides him to earn a base salary of $400,000 since his appointment as CEO on January 27, 2009. He is eligible to receive an annual bonus based upon "the achievement of financial and management objectives reasonably established by our board of directors or an authorized committee of our board of directors." And as we published them, the financial results of the company in 2012 were far to be impressive.

Total Compensation of Overland’s CEO Kelly to Be Divided par Nine

From $5,192,448 in 2011 to $596,260 in 2012