Old Point Financial CEO Robert Shuford's 2008 pay jumps 30% to $423K
Old Point Financial reports 2008 executive compensation
By ExecPay News
Published: March 18, 2009
Old Point Financial reported fiscal year 2008 executive compensation information on March 18, 2009.
In 2008, five executives at Old Point Financial received on average a compensation package of $287K, a 26% increase compared to previous year.
Average pay of disclosed executives at Old Point Financial
Robert F. Shuford, Sr, Chief Executive Officer, received $423K in total, which increased by 30% compared to 2007. 69% of Shuford's compensation, or $292K, was in salary. Shuford also received $15K in bonus, $13K of change in pension value and nonqualified deferred compensation earnings, $4.2K in non-equity incentive plan, as well as $98K in other compensation.
Louis G. Morris, Chief Executive Officer, received a compensation package of $357K, which increased by 47% compared to previous year. 68% of the compensation package, or $243K, was in salary.
Margaret P. Causby, EVP/ RMO Bank, earned $252K in 2008, a 49% increase compared to previous year.
Laurie D. Grabow, Chief Financial Officer, received $234K in 2008, which increases by 49% compared to 2007.
Robert F. Shuford, Jr, Chief Operating Officer, earned $171K in 2008.
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Source: SEC filing on March 18, 2009.