Comparison with compensation figures for fiscal 2018 are not meaningful given the turnover in Liberty executives in the past two years. Liberty is also changing its business model with the parent company acquiring franchised operations and its historic tax preparation business becoming one subsidiary among three at this point. Ossenfort returned to the channel to operate tax franchises in South Dakota
Ossenfort’s 2019 compensation included a salary of $444,231, a bonus of $225,000, stock awards of $325,000 and option awards of the same amount. Her release agreement gives her a cash payment of $487,500, and vesting of restricted stock units of $216,669 and option grants of $216,669.
CFO Michael Piper received $1.3 million in 2019 compensation, more than double the $609,000 in 2018. His history is complicated as he left as VP of financial products in September 2017, despite being offered a retention bonus after the firing of former CEO John Hewitt. He rejoined as CFO in June 2018.
Piper’s 2019 base salary was $346,000 as CFO. However, since rejoined after the year had started, he was paid $294,100 of that. He also received a $200,000 bonus, stock awards of $300,000 and option awards of $300,000.
COO Shaun York, who moved into an executive spot under Ossenfort, had $983,169 in pay fiscal 2019. That included a base salary of $300,000, bonus of $150,000, stock awards of $200,000 and option awards of the same amount.