Heritage Commerce CEO Walter Kaczmarek's 2008 pay slips 7% to $740K
Heritage Commerce reports 2008 executive compensation
By ExecPay News
Published: April 20, 2009
Heritage Commerce reported fiscal year 2008 executive compensation information on April 20, 2009.
In 2008, seven executives at Heritage Commerce received on average a compensation package of $349K, a 25% decrease compared to previous year.
Average pay of disclosed executives at Heritage Commerce
Walter T. Kaczmarek, Chief Executive Officer, received $740K in total, which decreased by 7% compared to 2007. 50% of Kaczmarek's compensation, or $367K, was of change in pension value and nonqualified deferred compensation earnings. Kaczmarek also received $332K in salary and $41K in other compensation.
Raymond Parker, Executivce Vice President Banking Division, received a compensation package of $395K, which decreased by 26% compared to previous year. 63% of the compensation package, or $249K, was in salary.
Richard Hagarty, Former Executive Vice President & Chief Credit Officer, earned $338K in 2008, a 21% increase compared to previous year.
Lawrence D. McGovern, Chief Financial Officer, received $328K in 2008, which decreases by 22% compared to 2007.
James A. Mayer, Executive Vice President/East Bay Division, earned $253K in 2008.
William J. Del Biaggio, Jr, Executive Vice President/Marketing Community Relations, received $202K in 2008, which decreases by 29% compared to 2007.
Michael Ong, Executivce Vice President Chief Credit Officer, earned $190K in 2008.
Related executives
William Del Biaggio
Heritage Commerce
Executive Vice President/Marketing Community Relations
James Mayer
Heritage Commerce
Executive Vice President/East Bay Division
Walter Kaczmarek
Heritage Commerce
Chief Executive Officer
Lawrence McGovern
Heritage Commerce
Chief Financial Officer
Michael Ong
Heritage Commerce
Executivce Vice President Chief Credit Officer
Raymond Parker
Heritage Commerce
Executive Vice President Banking Division
Richard Hagarty
Heritage Commerce
Former Executive Vice President & Chief Credit Officer
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Source: SEC filing on April 20, 2009.