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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.

Last modified on Wednesday, 16 October 2013
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