"In March 2003, Mr. Peter Sprague, who is the former Chairman of Wave, was appointed Chairman and Chief Executive Officer of Wavexpress. On January 1, 2010, Mr. Sprague became an employee of Wave. Mr. Sprague was paid a salary of $134,200, $134,160, and $129,000 for the years ended December 31, 2012, 2011, and 20120 [sic], respectively. Mr. Sprague earned bonuses of $30,000, $125,000 and $125,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Mr. Peter Sprague is the father of Wave's President and Chief Executive Officer, Steven Sprague.
On August 1, 1997, Michael Sprague became an employee of Wave and was paid a salary of $189,300, $189,280 and $182,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Mr. Sprague earned bonuses of $45,000, $55,000 and $35,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Michael Sprague is the brother of Steven Sprague and the son of Wave's former Chairman, Peter Sprague."
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