Lincoln Educational Services CEO Shaun McAlmont's 2009 pay jumps 158% to $2.1M
Lincoln Educational Services reports 2009 executive compensation
By ExecPay News
Published: March 24, 2010
Lincoln Educational Services reported fiscal year 2009 executive compensation information on March 24, 2010.
In 2009, four executives at Lincoln Educational Services received on average a compensation package of $1.5M, a 62% increase compared to previous year.
Average pay of disclosed executives at Lincoln Educational Services
Shaun E. McAlmont, Chief Executive Officer, received $2.1M in total, which increased by 158% compared to 2008. 47% of McAlmont's compensation, or $999K, was in stock awards. McAlmont also received $188K in bonus, $563K in non-equity incentive plan, $375K in salary, as well as $6.5K in other compensation.
Scott M. Shaw, Chief Operating Officer, received a compensation package of $1.4M, which increased by 64% compared to previous year. 37% of the compensation package, or $500K, was in stock awards.
David F. Carney, Chairman, earned $1.3M in 2009, a 10% increase compared to previous year.
Cesar Ribeiro, Chief Financial Officer, received $1.1M in 2009, which increases by 38% compared to 2008.
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Source: SEC filing on March 24, 2010.