Hub Group, Inc.
Description ofExecutive Officer Cash Compensation
For 2004 and 2005
Annual Cash Compensation
Set forthbelow are the base salaries of the Chief Executive Officer and each of the four mosthighly compensated executive officers in 2004 and their increased annual base salaryeffective January 1, 2005. The Company considers various factors in assigning executiveofficers to specific salary ranges, including job content, level of responsibility,accountability, and the competitive compensation market. On an annual basis, all executiveofficers salaries are reviewed and adjusted to reflect individual performance andposition within their respective ranges.
Executiveofficers are eligible for annual performance-based awards under the Companys bonusplan, as are all salaried employees. For 2004, goals were weighted upon achievement oftargeted levels of earnings per share and, for some executives, upon achievement of personal goals. The goals for2005 will also be weighted.
The Company makes periodic grants of restricted stockto executive officers. Grants of restricted stock have provided provided forvesting in three years after grant.
David P. Yeager
Vice Chairman and Chief ExecutiveOfficer
Mark A. Yeager
President and ChiefOperating Officer
Thomas M. White
Sr. Vice President, Treasurerand Chief Financial Officer
Executive Vice PresidentLogistics
Thomas L. Hardin
President Rail Affairs
* Salary increases from 2004 levelsare effective January 1, 2005