Mr. Charles L. Dunlap This is Me

 Web References

1. 1. www.sec.gov

   www.sec.gov/Archives/edgar/dat - [Cached]

   Published on: 2/20/2001   Last Visited: 9/12/2001

   Officer ( 3 ) Charles Dunlap
   
   President and Chief
   
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   ( 5 ) Mr. Dunlap was awarded a grant of 50 , 000 shares of restricted stock on March 31 , 1999 valued at $2.375 per share price.As of June 30 , 2000 , this grant was worth $10 , 785 based on a $0.719 per share price.No dividends are paid on 37 , 500 of the shares.( 6 ) Mr. Little's employment with PRECISION AUTO CARE INC began June 1 , 1999 and was terminated effective September 6 , 2000.( 7 ) Mr. Klumb's employment with PRECISION AUTO CARE INC was terminated on November 12 , 2000 , and on January 9 , 2001 , he resigned from the Board.
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   Charles Dunlap--
   
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   Charles Dunlap
   
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   Mr. Brown replaced Charles Dunlap , who resigned on August 4 , 2000.
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   In October 1998 , PRECISION AUTO CARE INC entered into an employment agreement with Charles L. Dunlap pursuant to which Mr. Dunlap agreed to serve as President and Chief Executive Officer for a period of three years.The agreement also provided that Mr. Dunlap was to serve as a member of PRECISION AUTO CARE INC's Board of Directors.Mr. Dunlap received a base salary of $200 , 000 per annum..Under the terms of the employment agreement , Mr. Dunlap was required to maintain the confidentiality of proprietary business or technical information he obtained in the course of his employment with PRECISION AUTO CARE INC , and he is prohibited from competing with the Company in the United States for a period of two years from August 4 , 2000 , the date of his resignation.In connection with Mr. Dunlap's resignation , the Company has paid him $110 , 961 as of the date of this proxy statement.In addition , PRECISION AUTO CARE INC has agreed to pay him $10 , 000 per month from March 2001 through August 2002 and $20 , 000 per month from September 2002 through November 2002.PRECISION AUTO CARE INC will make a final payment of $9 , 039 to Mr. Dunlap on December 15 , 2002.The remaining unvested 37 , 500 shares of Mr. Dunlap's Restricted Share award will vest and no shares will be issued prior to March 2002 unless the following conditions are satisfied : ( a ) if PRECISION AUTO CARE INC's stock price closes at $6.00 per share , 25 , 000 shares will become vested ; and ( b ) if PRECISION AUTO CARE INC's stock price closes at $8.00 per share , all of the shares will become vested.
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   As of the Record Date , Mr. Brown , Chairman of the Board , Chief Executive Officer and President , has received no options or Restricted Share awards under the 1999 Plan ; Mr. Dunlap , former President and Chief Executive Officer , has received options for a total of 100 , 000 shares and Restricted Share awards covering 50 , 000 shares ; Mr. Little , former Senior Vice President and Chief Financial Officer , has received options for a total of 35 , 000 shares ; Mr. Klumb , former Vice President-Car Wash Division , has received options for a total of 20 , 000 shares and Restricted Share awards covering 10 , 000 shares ; Mr. Wiegand , Senior Vice President-Franchise Operations , has received options for a total of 25 , 000 shares and Restricted Share awards covering 15 , 000 shares ; and Mr. Valdes , Senior Vice President-Latin America , has received options for a total of 25 , 000 shares.

2. 2. Precision Auto Care Inc.

   www.precisionac.com/press/arch - [Cached]

   Last Visited: 4/30/2006

   Charles Dunlap Named New President and CEO of Precision Auto Care