Security Federal CEO Timothy Simmons receives $249K in 2007
Security Federal reports 2007 executive compensation
By ExecPay News
Published: June 21, 2007
Security Federal reported fiscal year 2007 executive compensation information on June 21, 2007.
In 2007, three executives at Security Federal received on average a compensation package of $213K.
Average pay of disclosed executives at Security Federal
Timothy W. Simmons, Chief Executive Officer, received $249K in total. 87% of Simmons' compensation, or $215K, was in salary. Simmons also received $34K in other compensation.
J. Chris Verenes, President of Security Federal Bank and Director of Security Federal and Security Federal Bank, received a compensation package of $211K. 85% of the compensation package, or $179K, was in salary.
Roy G. Lindburg, Chief Financial Officer, earned $179K in 2007.
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Source: SEC filing on June 21, 2007.