Pittsfield’s Berkshire Hills Bancorp, the parent of Berkshire Bank, has re-elected Lawrence A. Bossidy as non-executive chairman of the board and Michael P. Daly as president and chief executive officer.

At its annual meeting of stockholders, Daly also reviewed the company’s current earnings per share guidance of $0.85 – $0.95 for 2010, and noted that first quarter results were ahead of expectations.

John B. Davies, Rodney C. Dimock and David E. Phelps were also reelected to three-year terms as directors.

Berkshire also announced executive compensation was reduced by 27 percent due to the forfeiture of incentive compensation in light of the recession’s impacts on 2009 results.

Last month, the company reported net income of $3.3 million in the first quarter of 2010, up 3 percent from $3.2 million in same quarter last year.

First quarter earnings per share decreased from $0.27 in 2009 due to additional shares issued in the second quarter last year.