Nelnet CFO Terry Heimes' 2009 pay jumps 73% to $683K
Nelnet reports 2009 executive compensation
By ExecPay News
Published: April 15, 2010
Nelnet reported fiscal year 2009 executive compensation information on April 15, 2010.
In 2009, five Nelnet executives received on average a compensation package of $521K, a 21% increase compared to previous year.
Average pay of disclosed executives at Nelnet
Terry J. Heimes, Chief Financial Officer, received $683K in total, which increased by 73% compared to 2008. 48% of Heimes' compensation, or $325K, was in bonus. Heimes also received $325K in salary and $33K in other compensation.
Jeffrey R. Noordhoek, President, received a compensation package of $660K, which increased by 72% compared to previous year. 49% of the compensation package, or $325K, was in bonus.
Michael S. Dunlap, Chief Executive Officer, earned $510K in 2009, which is the same as previous year.
Timothy A. Tewes, Chief Executive Officer, received $407K in 2009, which decreases by 7% compared to 2008.
Todd M. Eicher, Executive Director, Nelnet Enrollment Solutions LLC, a subsidiary of Nelnet, Inc, earned $342K in 2009.
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Source: SEC filing on April 15, 2010.