Landstar System CEO Henry Gerkens' 2011 pay falls 26% to $2.6M
Landstar System reports 2011 executive compensation
By ExecPay News
Published: April 12, 2012
Landstar System reported fiscal year 2011 executive compensation information on April 12, 2012.
In 2011, six executives at Landstar System received on average a compensation package of $1.2M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Landstar System
Henry H. Gerkens, Chief Executive Officer, received $2.6M in total, which decreased by 26% compared to 2010. 80% of Gerkens' compensation, or $2.1M, was in non-equity incentive plan. Gerkens also received $500K in salary and $31K in other compensation.
James B. Gattoni, Chief Financial Officer, received a compensation package of $1.2M, which decreased by 24% compared to previous year. 59% of the compensation package, or $700K, was in non-equity incentive plan.
Patrick J. O'Malley, Vice President and Chief Commercial and Marketing Officer, earned $964K in 2011, a 7% decrease compared to previous year.
Michael K. Kneller, General Counsel, received $905K in 2011, which decreases by 7% compared to 2010.
Larry S. Thomas, Vice President and Chief Information Officer, earned $814K in 2011, a 21% decrease compared to previous year.
Joseph J. Beacom, Vice President and Chief Safety and Operations Officer, received $806K in 2011, which increases by 24% compared to 2010.
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
Joseph Beacom
Landstar System
Vice President and Chief Safety and Operations Officer
Michael Kneller
Landstar System
General Counsel
Larry Thomas
Landstar System
Vice President and Chief Information Officer
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Source: SEC filing on April 12, 2012.