Paychex CEO Jonathan Judge's 2008 pay slips 1% to $4.6M
Paychex reports 2008 executive compensation
By ExecPay News
Published: August 29, 2008
Paychex reported fiscal year 2008 executive compensation information on August 29, 2008.
In 2008, five Paychex executives received on average a compensation package of $1.8M, a 6% increase compared to previous year.
Average pay of disclosed executives at Paychex
Jonathan J. Judge, Chief Executive Officer, received $4.6M in total, which decreased by 1% compared to 2007. 39% of Judge's compensation, or $1.8M, was in option awards. Judge also received $1.1M in non-equity incentive plan, $909K in salary, $835K in stock awards, as well as $40K in other compensation.
John M. Morphy, Chief Financial Officer, received a compensation package of $1.4M, which increased by 32% compared to previous year. 30% of the compensation package, or $411K, was in salary.
Martin Mucci, Senior Vice President, Operations, earned $1.1M in 2008, a 8% increase compared to previous year.
Walter Turek, Senior Vice President, Sales and Marketing, received $1.1M in 2008, which increases by 9% compared to 2007.
William G. Kuchta, Vice President, Organizational Development, earned $653K in 2008.
Paychex's fiscal year ends on May 31.
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Source: SEC filing on August 29, 2008.