Heritage Commerce CEO Walter Kaczmarek's 2009 pay stays at $739K
Heritage Commerce reports 2009 executive compensation
By ExecPay News
Published: April 20, 2010
Heritage Commerce reported fiscal year 2009 executive compensation information on April 20, 2010.
In 2009, six executives at Heritage Commerce received on average a compensation package of $396K, a 13% increase compared to previous year.
Average pay of disclosed executives at Heritage Commerce
Walter T. Kaczmarek, Chief Executive Officer, received $739K in total, which is about the same as previous year. 51% of Kaczmarek's compensation, or $377K, was of change in pension value and nonqualified deferred compensation earnings. Kaczmarek also received $334K in salary and $29K in other compensation.
Raymond Parker, Executive Vice President Banking Division, received a compensation package of $516K, which increased by 31% compared to previous year. 49% of the compensation package, or $250K, was in salary.
James A. Mayer, Executive Vice President/East Bay Division, earned $394K in 2009, a 56% increase compared to previous year.
Lawrence D. McGovern, Chief Financial Officer, received $292K in 2009, which decreases by 11% compared to 2008.
Michael Ong, Executivce Vice President Chief Credit Officer, earned $251K in 2009, a 32% increase compared to previous year.
William J. Del Biaggio, Jr, Executive Vice President/Marketing Community Relations, received $182K in 2009, which decreases by 10% compared to 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
Raymond Parker
Heritage Commerce
Executive Vice President Banking Division
Michael Ong
Heritage Commerce
Executivce Vice President Chief Credit Officer
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Source: SEC filing on April 20, 2010.