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JTH Execs Get Fat Salary Increases

Execs at JTH Holding, the parent of Liberty Tax Service, lost out big on incentive pay. But they more than made up for it as the company awarded double-digit increase in salary for the year ended April 30. For CEO John Hewitt, the result was a 33-percent increase in compensation for fiscal 2013.

Hewitt had $640,460 in total compensation for the most recently ended up year, up 33 percent from $619,791 a year earlier. His non-equity incentive compensation was $316,045, off 40 percent from $187,600 a year earlier. However, the company raised his salary to $417,025, an increase of 49.2 percent from $299,619

The story was the same for other named executives, CFO Mark Baumgartner and chief counsel James Wheaton – the drop in incentive compensation was more than offset by salary increases. The higher salaries also give them a chance for increase incentive pay as rewards are generally calculated as a percent of base salaries.

Meanwhile, the company noted that COO Rufe Vanderpool had resigned on October 7. He made $319,785 in fiscal 2013, down from $585,535 in 2012.

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