Landstar System CEO Henry Gerkens' 2009 pay falls 72% to $1.8M
Landstar System reports 2009 executive compensation
By ExecPay News
Published: March 22, 2010
Landstar System reported fiscal year 2009 executive compensation information on March 22, 2010.
In 2009, six executives at Landstar System received on average a compensation package of $813K, a 54% decrease compared to previous year.
Average pay of disclosed executives at Landstar System
Henry H. Gerkens, Chief Executive Officer, received $1.8M in total, which decreased by 72% compared to 2008. 68% of Gerkens' compensation, or $1.2M, was in option awards. Gerkens also received $43K of change in pension value and nonqualified deferred compensation earnings, $500K in salary, as well as $29K in other compensation.
James B. Gattoni, Chief Financial Officer, received a compensation package of $750K, which decreased by 27% compared to previous year. 54% of the compensation package, or $402K, was in option awards.
Michael K. Kneller, General Counsel, earned $658K in 2009, a 5% decrease compared to previous year.
Jim M. Handoush, Chief Operating Officer, received $651K in 2009, which decreases by 23% compared to 2008.
Patrick J. O'Malley, Vice President, and Chief Commercial and Marketing Officer, earned $624K in 2009, a 34% decrease compared to previous year.
Larry S. Thomas, Vice President and Chief Information Officer, received $419K in 2009, which decreases by 41% compared to 2008.
Landstar System's fiscal year ends on December 28.
Related executives
Henry Gerkens
Landstar System
Chief Executive Officer
James Gattoni
Landstar System
Chief Executive Officer
Patrick O'Malley
Landstar System
Vice President and Chief Commercial and Marketing Officer
Michael Kneller
Landstar System
General Counsel
Larry Thomas
Landstar System
Vice President and Chief Information Officer
Jim Handoush
Landstar System
Chief Operating Officer
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Source: SEC filing on March 22, 2010.