LAKE SHORE BANCORP CEO David Mancuso's 2008 pay slips 11% to $662K
LAKE SHORE BANCORP reports 2008 executive compensation
By ExecPay News
Published: April 9, 2009
LAKE SHORE BANCORP reported fiscal year 2008 executive compensation information on April 9, 2009.
In 2008, three executives at LAKE SHORE BANCORP received on average a compensation package of $299K, a 21% decrease compared to previous year.
Average pay of disclosed executives at LAKE SHORE BANCORP
David C. Mancuso, Chief Executive Officer, received $662K in total, which decreased by 11% compared to 2007. 51% of Mancuso's compensation, or $338K, was of change in pension value and nonqualified deferred compensation earnings. Mancuso also received $22K in non-equity incentive plan, $255K in salary, as well as $48K in other compensation.
Rachel A. Foley, Chief Financial Officer, received a compensation package of $156K, which decreased by 5% compared to previous year. 79% of the compensation package, or $123K, was in salary.
Reginald S. Corsi, Former Executive Vice President and Former Chief Operations Officer, earned $79K in 2008, a 66% decrease compared to previous year.
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Source: SEC filing on April 9, 2009.