Ultimate Software Group CEO Scott Scherr's 2007 pay jumps 355% to $8.3M
Ultimate Software Group reports 2007 executive compensation
By ExecPay News
Published: April 11, 2008
Ultimate Software Group reported fiscal year 2007 executive compensation information on April 11, 2008.
In 2007, three executives at Ultimate Software Group received on average a compensation package of $5.1M, a 295% increase compared to previous year.
Average pay of disclosed executives at Ultimate Software Group
Scott Scherr, Chief Executive Officer, received $8.3M in total, which increased by 355% compared to 2006. 93% of Scherr's compensation, or $7.7M, was in stock awards. Scherr also received $600K in salary and $3.9K in other compensation.
Marc D. Scherr, Chief Operating Officer, received a compensation package of $6.1M, which increased by 325% compared to previous year. 91% of the compensation package, or $5.5M, was in stock awards.
Mitchell K. Dauerman, Chief Financial Officer, earned $990K in 2007, a 54% increase compared to previous year.
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Source: SEC filing on April 11, 2008.