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The Honolulu Advertiser
Updated at 12:25 p.m., Friday, December 12, 2008

Steve Case to receive $27K retainer for joining MLP board

Advertiser Staff

Steve Case, the former AOL executive who is Maui Land & Pineapple Co.'s largest shareholder, will receive an annual cash retainer of $27,000 for joining the Kahului-based company's board of directors.

Maui Land & Pineapple announced Monday that Case was joining its board. In addition to appointing Case, the board also increased the number of directors to 10 from nine, and the number of its Class One directors to four from three.

Case was appointed as a Class One director, a category whose terms of office expire at the 2009 annual meeting of shareholders.