Liberty Tax paid CEO Nicole Ossenfort slightly more than $1.4 million in compensation for the year ended April 30. A proxy statement recently filed with the SEC also show that Ossenfort, who left the company in June, received another $981,000 in compensation under a release agreement.

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.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Tuesday, 20 August 2019
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