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EPICOR EXECS HAD BIG 2011 PAYDAY
Four top Epicor Software executives had sharply higher compensation in 2011 as the result of the merger of Epicor and Activant. The execs got paid for vested options and were given the difference between the exercise price of cancelled options and the $7.08 per share merger price.
CEO Pervez Qureshi earned $9.2 million last year, $7.9 million of that coming from the option deal. He earned $525,845 in salary for fiscal 2011. I should say the former Activant execs did well as Qureshi and the three other named executives were all from Activant. These include CFO Kathleen Crusco who had $2.2 million in total compensation with $1.5 million coming from the option payment. EVP and general manager Kevin Roach made $1.8 million with $1.09 million from the deal. EVP and GM Paul Salsgiver got $1.7 million total with $1.2 million from the option source.
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