A meeting of the Compensation Committee of the Board of Trustees convened at 9:20 a.m. on Friday, August 2, 2024, in Room 326 of Stewart Center on the campus of Purdue University in West Lafayette, Indiana.

All committee members were present: Malcolm DeKryger, chair; Michael Klipsch; and Gary Lehman. Other trustees were present: Sonny Beck; Michael Berghoff; Kevin Boes; JoAnn Brouillette; Vanessa Castagna and Shawn Taylor. Theresa Carter participated via conference call.

Officers and administrators in attendance were: Mung Chiang, president; Patrick Wolfe, provost and executive vice president for academic affairs and diversity; Chris Ruhl, chief financial officer and treasurer; Eva Nodine, senior vice president, assistant treasurer, and assistant secretary; Steve Schultz, senior vice president and general counsel; Cindy Ream, corporate secretary and senior executive assistant to the Board; and Ron Elsenbaumer, chancellor, Purdue University Fort Wayne.

I. APPROVAL OF AMENDMENT TO EMPLOYMENT CONTRACT FOR ATHLETIC DIRECTOR*

Committee Chair DeKryger noted that last October, the contract for Vice President and Director of Athletics, Mike Bobinski was renewed. In a recent amendment, he was awarded flight time as part of his contract. Mr. DeKryger proposed a change as it relates to the manner in which Mr. Bobinski will be made whole for the taxability of his receipt of 15 hours of flight time annually. Supporting materials were filed with the minutes.

Upon proper motion made and duly seconded, the Compensation Committee voted unanimously to approve the Amendment to Employment Contract for Athletic Director.

II. ADJOURNMENT

By consent, the meeting adjourned at 9:22 a.m.