Franklin Financial Corp. (FRNK)
The parent of Franklin Federal Savings Bank released its latest proxy and disclosed the compensation packages paid to its top executives in 2012.
Chairman, President and CEO Richard Wheeler received $2.17 million in total compensation for 2012. That includes a $240,000 base salary, $1 million in stock awards and $695,000 in option awards. His total pay package was up from $449,000 in the previous year, largely as a result of the stock and option awards. Wheeler’s total also included a car and club allowance.
CFO Donald Marker received a total pay package of $1.41 million, up from $250,000. His 2012 total included a $150,000 base salary and $1.1 million in stock and option awards.
Vice presidents Steven Lohr and Barry Shenton each received a total of $1.43 million for 2012, including base salaries of $167,000 and $1.1 million in stock and option awards.
Marker, Lohr and Shenton also saw big jumps in their total packages from the previous year because of the newly awarded stock and options.
Franklin will hold its annual shareholders meeting at the Cultural Arts Center at Glen Allen on Feb. 12 at 4 p.m.
Markel (MKL)
Peter Minton, chief operating officer of Alterra Capital Holdings, which Markel is in the process of acquiring, notified the company that he would resign effective April 1. Minton is entitled to a severance of estimated at $5.18 million.
Owens & Minor (OMI)
The company announced that D. Andrew Edwards, its controller, chief accounting officer and acting CFO, will resign effective Feb. 7. Edwards has been CFO since March 2012. Michael W. Lowry, O&M current treasurer, will serve as interim CFO and CAO. Lowry will receive an increase of $5,000 per month to his current annual base salary of $207,741. The company will continue a search to fill both those positions.
Star Scientific (STSI)
Tradewinds Master Fund, an investment fund that owns a large stake in Star Scientific, sold a total of 1.4 million shares at an average price of $2.52 per share for a total sale of approximately $3.52 million. The fund still owns more than 16 million shares of the company’s stock.
Franklin Financial Corp. (FRNK)
The parent of Franklin Federal Savings Bank released its latest proxy and disclosed the compensation packages paid to its top executives in 2012.
Chairman, President and CEO Richard Wheeler received $2.17 million in total compensation for 2012. That includes a $240,000 base salary, $1 million in stock awards and $695,000 in option awards. His total pay package was up from $449,000 in the previous year, largely as a result of the stock and option awards. Wheeler’s total also included a car and club allowance.
CFO Donald Marker received a total pay package of $1.41 million, up from $250,000. His 2012 total included a $150,000 base salary and $1.1 million in stock and option awards.
Vice presidents Steven Lohr and Barry Shenton each received a total of $1.43 million for 2012, including base salaries of $167,000 and $1.1 million in stock and option awards.
Marker, Lohr and Shenton also saw big jumps in their total packages from the previous year because of the newly awarded stock and options.
Franklin will hold its annual shareholders meeting at the Cultural Arts Center at Glen Allen on Feb. 12 at 4 p.m.
Markel (MKL)
Peter Minton, chief operating officer of Alterra Capital Holdings, which Markel is in the process of acquiring, notified the company that he would resign effective April 1. Minton is entitled to a severance of estimated at $5.18 million.
Owens & Minor (OMI)
The company announced that D. Andrew Edwards, its controller, chief accounting officer and acting CFO, will resign effective Feb. 7. Edwards has been CFO since March 2012. Michael W. Lowry, O&M current treasurer, will serve as interim CFO and CAO. Lowry will receive an increase of $5,000 per month to his current annual base salary of $207,741. The company will continue a search to fill both those positions.
Star Scientific (STSI)
Tradewinds Master Fund, an investment fund that owns a large stake in Star Scientific, sold a total of 1.4 million shares at an average price of $2.52 per share for a total sale of approximately $3.52 million. The fund still owns more than 16 million shares of the company’s stock.