HCI Group Chairman Paresh Patel's 2008 pay jumps 135% to $522K
HCI Group reports 2008 executive compensation
By ExecPay News
Published: April 29, 2009
HCI Group reported fiscal year 2008 executive compensation information on April 29, 2009.
In 2008, five HCI Group executives received on average a compensation package of $261K, a 69% increase compared to previous year.
Average pay of disclosed executives at HCI Group
Paresh Patel, Chairman, received $522K in total, which increased by 135% compared to 2007.
Francis McCahill, III, Chief Executive Officer, received a compensation package of $357K, which increased by 43% compared to previous year. 56% of the compensation package, or $200K, was in salary.
Richard R. Allen, Chief Financial Officer, earned $190K in 2008, a 63% increase compared to previous year.
Sanjay Madhu, Vice President Marketing, received $150K in 2008, which increases by 1056% compared to 2007.
Ronald E. Chapman, Chief Operating Officer, earned $88K in 2008, a 50% decrease compared to previous year.
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Source: SEC filing on April 29, 2009.