Central Federal Chairman David Vernon receives $264K in 2006
Central Federal reports 2006 executive compensation
By ExecPay News
Published: March 29, 2007
Central Federal reported fiscal year 2006 executive compensation information on March 29, 2007.
In 2006, three executives at Central Federal received on average a compensation package of $217K.
Average pay of disclosed executives at Central Federal
David C. Vernon, Chairman, received $264K in total. 46% of Vernon's compensation, or $120K, was in salary. Vernon also received $73K of change in pension value and nonqualified deferred compensation earnings, $43K in stock awards, as well as $28K in other compensation.
Mark S. Allio, Chief Executive Officer, received a compensation package of $234K. 75% of the compensation package, or $175K, was in salary.
Raymond E. Heh, Chief Operating Officer, earned $153K in 2006.
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Source: SEC filing on March 29, 2007.