Old Point Financial CEO Robert Shuford's 2010 pay rises 5% to $411K
Old Point Financial reports 2010 executive compensation
By ExecPay News
Published: April 12, 2012
Old Point Financial reported fiscal year 2010 executive compensation information on April 12, 2012.
In 2010, seven executives at Old Point Financial received on average a compensation package of $256K, a 8% increase compared to previous year.
Average pay of disclosed executives at Old Point Financial
Robert F. Shuford, Sr, Chief Executive Officer, received $411K in total, which increased by 5% compared to 2009. 73% of Shuford's compensation, or $300K, was in salary. Shuford also received $2.2K in bonus, $97K of change in pension value and nonqualified deferred compensation earnings, as well as $12K in other compensation.
Louis G. Morris, Chief Executive Officer, received a compensation package of $357K, which increased by 13% compared to previous year. 76% of the compensation package, or $271K, was in salary.
Joseph R. Witt, EVP/CBO Bank, earned $209K in 2010, a 24% increase compared to previous year.
Joseph R. Witt SEVP CAO, Bank, received $209K in 2010.
Laurie D. Grabow, Chief Financial Officer, earned $204K in 2010, a 13% increase compared to previous year.
Robert F. Shuford, Chief Operating Officer, received $199K in 2010, which increases by 12% compared to 2009.
Robert F. Shuford, Jr, Chief Operating Officer, earned $199K in 2010, a 12% increase compared to previous year.
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Source: SEC filing on April 12, 2012.