Mercantile Bank CEO Michael Price's 2009 pay slips 10% to $497K
Mercantile Bank reports 2009 executive compensation
By ExecPay News
Published: March 17, 2010
Mercantile Bank reported fiscal year 2009 executive compensation information on March 17, 2010.
In 2009, three executives at Mercantile Bank received on average a compensation package of $362K, a 10% decrease compared to previous year.
Average pay of disclosed executives at Mercantile Bank
- Salary
- Stock
- Options
- Non-Equity Incentive
- Bonus
- Change in Pension Value & NQDC
- Other
Michael H. Price, Chief Executive Officer, received $497K in total, which decreased by 10% compared to 2008. 95% of Price's compensation, or $474K, was in salary. Price also received $23K in other compensation.
Robert B. Kaminski, Jr, Chief Operating Officer, received a compensation package of $320K, which decreased by 10% compared to previous year. 95% of the compensation package, or $305K, was in salary.
Charles E. Christmas, Chief Financial Officer, earned $269K in 2009, a 10% decrease compared to previous year.
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Source: SEC filing on March 17, 2010.