The company also changed its fiscal year from the previous December year-end. Qureshi's pay this year was overwhelmingly from stock awards, which totaled $8.5 million. Last year's pay reflected $7.9 million in acquisition-related compensation. Pay for the other named executives of the privately held company also came overwhelmingly from the award of restricted stock units. CFO Kathleen Crusco received almost $2 million for the most recently ended year, including stock awards of $1.4 million. That was down from 2011's $2.1 million, which reflected $1.5 million in acquisition-related pay. Kevin Roach, the EVP who serves as GM for the Americas, drew $1.9 million with $1.3 million coming from stock awards. That was up from $1.8 million. Keith Deane, EVP and GM for EMEA, earned just under $670,000, while Deane was not a named executive in 2011, like the other three, he had been an executive with Activant prior to the merger.
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EPICOR CEO PAY NEARS $10M
Compensation for Pervez Qureshi, CEO of Epicor Software, reached $9.8 million for the company's year ended September 30, the first full year of the company's operation following the merger of Epicor and Activant. That was up from $9.2 million for the prior year, but the merger makes direct comparisons impossible as the new company began business in May 2011.
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