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INFOR'S PHILLIPS PAID $3.2 MILLION IN 2015 Featured

Charles Phillips, InforCEO Charles Phillips received $3.2 million for Infor's year ended April 30. The company's SEC filings show that was down sharply from $4.8 million the prior year. In fiscal 2015, he received a discretionary bonus of $2.4 million that was related to operating performance and debt refinancing transactions during the year. His salary dropped to $733,334 for the most recently ended year, down from $800,000 for fiscal 2014. However, it appears salaries were cut for all executives, except for former CFO Nicole Anasenes, who recently departed. I am assuming this reflected a move to base compensation more heavily on performance by the privately held company (However, it reports publicly.)

The big difference in Phillips' pay was that he had no non-equity incentive compensation in 2015 and he pulled in $1.2 million in that category in 2014. Documents said that stemmed from "attainment of specific operating performance targets in fiscal 2014 related to revenue and EBITDA, and the company's equity value." Pay for Infor's co-presidents also dropped. Duncan Algove had 2015 compensation of $3.6 million, down from $3.9 million, and Stephen Scholl took in $4.2 million, down from slightly more than $5 million. Stock awards were a major factor for both—each receiving $1.4 million for Angove.

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