<PAGE>
 
                          SUMMARY COMPENSATION TABLE
 

<TABLE>
<CAPTION>
                                             ANNUAL COMPENSATION
                                           ------------------------  ALL OTHER
                                                  SALARY     BONUS     COMP.
  NAME AND PRINCIPAL POSITION              YEAR      $         $        ($)
- ----------------------------------------   ----  --------  --------  ---------
<S>                                       <C>    <C>       <C>       <C>
 
Avram A. Glazer, President and             1995   192,634        --         --
 Chief Executive Officer (1)
 
Malcolm I. Glazer, Chairman (2)            1995    11,250        --         --
                                           1994    29,800        --         --
 
Ronald C. Lassiter, Chairman and           1995   196,220        --         --
 Chief Executive Officer of                1994   361,779        --         --
 Zapata Protein, Inc. (3)                  1993   358,600   175,000      2,100 (8)
 
Robert W. Jackson, President and           1995   200,000        --         --
 Chief Executive Officer of                1994   200,000        --         --
 Cimarron (4)                              1993   200,000        --         --
 
Joseph B. Mokry, President and             1995   192,855    83,460         --
 Chief Operating Officer of                1994   172,260   100,080      8,512 (8)
 Energy Industries, Inc. (5)
 
Lamar C. McIntyre, Vice President,         1995   131,943        --      7,800 (8)
 Chief Financial Officer and               1994   113,881        --      2,230 (8)
 Assistant Secretary (6)                   1993   108,964    18,000      2,382 (8)
 
Bruce K. Williams, Chairman, President     1995   140,434        --     22,645 (7)
 and Chief Executive Officer of            1994   160,824    39,000      3,596 (8)
 Zapata Exploration Company (7)            1993   156,240    54,684      3,193 (8)
</TABLE>

________________
(1)  In March 1995, Mr. A. Glazer was elected as President and Chief Executive
     Officer.  In addition to regular salary, the amount shown in the "Salary"
     column includes director and board committee fees for the portion of the
     fiscal year during which Mr. A. Glazer was not an executive officer.

(2)  Mr. M. Glazer currently serves as Chairman, and served as President and
     Chief Executive Officer from August 1994 to March 1995.  He received no
     compensation during the period for acting in these capacities other than
     director and board committee fees, which are included in the "Salary"
     column.

(3)  Amounts in the "Salary" column include amounts paid to Mr. Lassiter under
     the consulting agreement described below under "Employment Agreements and
     Other Incentive Plans."

(4)  Mr. Jackson ceased serving as an executive officer effective December 1,
     1995.

(5)  In connection with the sale of the assets of Energy Industries, Mr. Mokry
     ceased serving as an executive officer in December 1995.

(6)  Mr. McIntyre ceased serving as an executive officer of the Company
     effective January 15, 1996.

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