ChoiceOne Financial Services CEO Kelly Potes' 2019 pay jumps 23% to $428K
ChoiceOne Financial Services reports 2019 executive compensation
By ExecPay News
Published: April 16, 2020
ChoiceOne Financial Services reported fiscal year 2019 executive compensation information on April 16, 2020.
In 2019, three executives at ChoiceOne Financial Services received on average a compensation package of $342K, a 38% increase compared to previous year.
Average pay of disclosed executives at ChoiceOne Financial Services
Kelly J. Potes, Chief Executive Officer, received $428K in total, which increased by 23% compared to 2018. 67% of Potes' compensation, or $287K, was in salary. Potes also received $80K in non-equity incentive plan, $22K in option awards, $19K in stock awards, as well as $21K in other compensation.
Michael J. Burke, Jr, Chief Executive Officer, received a compensation package of $386K. 65% of the compensation package, or $250K, was in other compensation.
Bradley A. Henion, Vice President of ChoiceOne and Senior Vice President & Chief Lending Officer of Choice One Bank, earned $211K in 2019, a 4% increase compared to previous year.
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Source: SEC filing on April 16, 2020.