14 Special Report Minneapolis/St. Paul Business Journal | mspbj.com July 29, 2011 July 29, 2011 Minneapolis/St. Paul Business Journal | mspbj.com Special Report 15

CEO Company Score James Prokopanko The Mosaic Co. -67 Joel Ronning Digital River Inc. -64 Michele Volpi H.B. Fuller Co. -60 CEO Company Score Gregg Steinhafel Target Corp. -59 Lee Schram Deluxe Corp. 22 Russell Huffer Apogee Enterprises Inc. -58 Chris Killingstad Tennant Co. 23 Brian Dunn Co. Inc. -55 Patrick McHale Graco Inc. 23 Craig Herkert Supervalu Inc. -49 Scott Wine Polaris Industries Inc. 24 William McLaughlin Select Comfort Corp. -43 Cary Deacon Navarre Corp. 25 Harry Debes Lawson Software -40 Richard Braun Medtox Scientific Inc. 27 Mark Greene Fair Isaac Corp. -40 Richard Kramp Synovis Life Technologies Inc. 27 Laura Hamilton MTS Systems Corp. -40 Andrew Duff Piper Jaffray Cos. -39 Joseph Levesque Aetrium Inc. 29 METHODOLOGY Richard Kelly Inc. -36 Michael Pudil WSI Industries Inc. 30 Douglas Baker Jr. Inc. -35 Paul Lidsky Datalink Corp. 32 In an effort to determine which Paul Finkelstein Regis Corp. -35 Daniel Baker NVE Corp. 32 of ’s public-company Anthony Bihl III American Medical Systems Holdings Inc. -35 William Ulland Ikonics Corp. 34 Alec Covington Nash Finch Co. -34 CEOs are “OVERPAID” and Scott Drill Insignia Systems Inc. 35 Sherman Black Rimage Corp. -34 which are “UNDERPAID,” the Andrew Borgstrom Analysts International Corp. 37 Lyle Berman Lakes Entertainment Inc. -32 Steven Wagenheim Granite City Food & Brewery 42 Minneapolis/St. Paul Business Kendall Powell Inc. -29 Journal has evaluated 2010 CEO Stephen Hemsley UnitedHealth Group Inc. -25 Mark Gorder IntriCon Corp. 42 compensation in relation to the Randall Hogan Pentair Inc. -24 Robert Demorest Mocon Inc. 49 performance of each Ronald Raup MakeMusic Inc. -23 Scott Crump Stratasys Inc. 50 CEO’s company. Jeffrey Ettinger Foods Corp. -22 Howard Root Vascular Solutions Inc. 56 Wayne Fortun Hutchinson Technology Inc. -22 John Morgan Winmark Corp. 58 John Erickson Otter Tail Corp. -21 Those CEOs with a disparity APPROPRIATELY PAID CEOs Edward Cameron Appliance Recycling Centers of America Inc. 58 CEO Company Score between their own high rank in Donald Mitchell FSI International Inc. 59 Douglas Milroy G&K Services Inc. -19 OVERPAID CEOs Michael Degen Nortech Systems Inc. 60 total compensation and the low William Cook Donaldson Co. Inc. -18 Kathleen Iverson CyberOptics Corp. 73 rank of their company’s fi nancial Sally Smith Buffalo Wild Wings Inc. -18 performance are considered Joseph Grillo Digital Angel Corp. -17 Joseph Micallef Great Northern Iron Ore Properties 89 overpaid. Conversely, those CEOs Daniel Starks St. Jude Medical Inc. -14 Jeffrey Myhre Broadview Institute Inc. 91 David Martin Cardiovascular Systems Inc. -14 who rank low in compensation John Coughlan Xata Corp. -13 and high in performance are George Buckley Co. -12 UNDERPAID CEOs considered underpaid. Those Richard Davis U.S. Bancorp -12 CEOs who place in the middle William Cooper TCF Financial Corp. -12 Bradley Krehbiel HMN Financial Inc. -12 of the spectrum are deemed Joseph Dunsmore Digi International Inc. -10 “APPROPRIATELY PAID.” Thomas de Petra Winland Electronics Inc. -10 Cheryl Beranek Clearfield Inc. -10 Companies newly public during the fi scal William Mansfield The Corp. -4 year of the study, as well as companies Bahram Akradi Inc. -3 recently removed from the development James Wiltz Patterson Cos. -3 stage, have special characteristics that aren’t captured by our performance metrics. These Bill Otis New Ulm Telecom Inc. -2 characteristics might include a stock run of Michael Hoffman The Co. 1 less than one full year, certain special charges Anthony Conway Rochester Medical Corp. 1 to earnings that long-term public companies Kenneth Aubrey Image Sensing Systems Inc. 2 don’t have, or the lack of prior-year revenue James Cracchiolo Inc. 3 to plug into our formulas. With no way of William Hawkins III Medtronic Inc. 3 developing a fair pay-performance link, we’ve Peter Hauser Entrx Corp. 6 delayed until next year the overpaid/underpaid- CEO debut for the following companies: John Wiehoff C.H. Robinson Worldwide Inc. 7 Michael Tattersfield Caribou Coffee Co. Inc. 11 Electromed Inc., CEO Robert Hansen Christopher Twomey Arctic Cat Inc. 11 SPS Commerce Inc., CEO Archie Black Rodney Young Angeion Corp. 13 Additionally, our methodology requires that overpaid/underpaid Michael Carrel Vital Images Inc. 14 CEOs be in charge of their company for at least nine months John Finke HickoryTech Corp. 15 during the fi scal year in question. Anything less doesn’t support a meaningful evaluation of the pay-performance link. Therefore, Michael Reger Northern Oil and Gas Inc. 16 the following current or former CEOs are also exempt from our Kevin Gilligan Capella Education Co. 17 overpaid-underpaid list this year: Willard Oberton Co. 17

Alan Hodnik, Allete Inc. Keith Stewart ValueVision Media Inc. 17 Daniel Murphy, Alliant Techsystems Inc. James Dolan The Dolan Co. 17 Lorna Nagler, Christopher & Banks Corp. James Mandel Multiband Corp. 17 Mark Lucas, Imation Corp. Bruce Barclay, SurModics Inc. Randall Sampson Canterbury Park Holding Corp. 17 Thomas Oland Techne Corp. 17 And, fi nally, the following CEO was not included due to his recent Jeffrey Berg Communications Systems Inc. 18 death: Christopher O’Donnell Famous Dave’s of America Inc. 18 John Hawkins, Hawkins Inc.