Mackinac Financial CEO Kelly George's 2020 pay slips 14% to $708K
Mackinac Financial reports 2020 executive compensation
By ExecPay News
Published: April 22, 2021
Mackinac Financial reported fiscal year 2020 executive compensation information on April 22, 2021.
In 2020, three executives at Mackinac Financial received on average a compensation package of $618K, a 11% decrease compared to previous year.
Kelly W. George, Chief Executive Officer, received $708K in total, which decreased by 14% compared to 2019. 59% of George's compensation, or $418K, was in salary. George also received $150K in bonus, $114K in stock awards, as well as $27K in other compensation.
Paul D. Tobias, Chief Executive Officer, received a compensation package of $706K, which decreased by 7% compared to previous year. 60% of the compensation package, or $423K, was in salary.
Jesse A. Deering, Chief Financial Officer, earned $441K in 2020, a 10% decrease compared to previous year.