LAKE SHORE BANCORP CEO David Mancuso's 2007 pay jumps 59% to $742K
LAKE SHORE BANCORP reports 2007 executive compensation
By ExecPay News
Published: April 18, 2008
LAKE SHORE BANCORP reported fiscal year 2007 executive compensation information on April 18, 2008.
In 2007, three executives at LAKE SHORE BANCORP received on average a compensation package of $379K, a 74% increase compared to previous year.
Average pay of disclosed executives at LAKE SHORE BANCORP
David C. Mancuso, Chief Executive Officer, received $742K in total, which increased by 59% compared to 2006. 44% of Mancuso's compensation, or $324K, was of change in pension value and nonqualified deferred compensation earnings. Mancuso also received $44K in non-equity incentive plan, $37K in option awards, $233K in salary, $61K in stock awards, as well as $45K in other compensation.
Reginald S. Corsi, Former Executive Vice President and Former Chief Operations Officer, received a compensation package of $232K, which decreased by 5% compared to previous year. 65% of the compensation package, or $150K, was in salary.
Rachel A. Foley, Chief Financial Officer, earned $163K in 2007, a 42% increase compared to previous year.
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Source: SEC filing on April 18, 2008.