Mercantile Bank CEO Gerald Johnson's 2007 pay jumps 172% to $1.5M
Mercantile Bank reports 2007 executive compensation
By ExecPay News
Published: March 19, 2008
Mercantile Bank reported fiscal year 2007 executive compensation information on March 19, 2008.
In 2007, four executives at Mercantile Bank received on average a compensation package of $675K, a 69% increase compared to previous year.
Average pay of disclosed executives at Mercantile Bank
Gerald R. Johnson, Jr, Chief Executive Officer, received $1.5M in total, which increased by 172% compared to 2006.
Michael H. Price, Chief Executive Officer, received a compensation package of $555K, which increased by 14% compared to previous year. 77% of the compensation package, or $427K, was in salary.
Robert B. Kaminski, Jr, Chief Operating Officer, earned $363K in 2007, a 19% increase compared to previous year.
Charles E. Christmas, Chief Financial Officer, received $300K in 2007, which increases by 13% compared to 2006.
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Source: SEC filing on March 19, 2008.