Weis Markets Chairman Robert Weis' 2008 pay jumps 39% to $1.6M
Weis Markets reports 2008 executive compensation
By ExecPay News
Published: March 12, 2009
Weis Markets reported fiscal year 2008 executive compensation information on March 12, 2009.
In 2008, five executives at Weis Markets received on average a compensation package of $1M, a 39% increase compared to previous year.
Average pay of disclosed executives at Weis Markets
Robert F. Weis, Chairman, received $1.6M in total, which increased by 39% compared to 2007. 46% of Weis' compensation, or $725K, was in salary. Weis also received $11K in bonus, $343K of change in pension value and nonqualified deferred compensation earnings, $352K in non-equity incentive plan, as well as $129K in other compensation.
David J. Hepfinger, Chief Executive Officer, received a compensation package of $1.4M. 56% of the compensation package, or $779K, was in other compensation.
Norman S. Rich, Chief Executive Officer, earned $1M in 2008, a 10% increase compared to previous year.
Jonathan H. Weis, Secretary, received $736K in 2008, which increases by 40% compared to 2007.
William R. Mills, Chief Financial Officer, earned $527K in 2008, a 22% increase compared to previous year.
Weis Markets' fiscal year ends on December 25.
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Source: SEC filing on March 12, 2009.