The absence of significant options as part of this year's package also reduced the compensation of general counsel, James J. Wheaton. His pay for 2012 plunged to $337,516, down 55 percent from $746,000 the prior year. The 2011 total included $606,000 in option grants versus none for 2012. He also had a $90,000 bonus, which included $50,000 from the signing bonus when he joined the company in February 2011 and a $50,000 minimum cash bonus as part of his contract.
CFO Mark Baumgartner saw his compensation rise to $378,597, an increase of 14 percent from $332 013 for fiscal 2011. That stemmed from both an increase in his base pay and in non-equity incentives. COO Rufe Vanderpool was on the receiving end for an option grant in 2012. His pay rose to $564,535 from $322,601. That 74.4-percent rise was based on an options grant of $269,100, compared to $99,000 in 2011.Last modified on Sunday, 02 June 2013