Estimated reading time: 0 minutes, 58 seconds

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.

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.

Read 1845 times
Rate this item
(0 votes)

Visit other PMG Sites: