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Charles W. "Chuck" Berger served as the President and CEO of Extreme Networks from April 2013 to April 2015. He took on the role during a time when the company was navigating significant changes and aiming for growth after acquiring...

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Charles W. "Chuck" Berger

Ex-CEO of Extreme Networks

Field of Expertise

Business & Management

Sector of Economy

Technology

CEO of Extreme Networks for

0 years 0 months (Apr 2015 - Apr 2015)

Previous Experience

Unknown

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Holdings

See how much did Charles W. "Chuck" Berger make over time.

During his tenure, Chuck Berger's compensation structure at Extreme Networks showcased a focus on aligning pay with performance. In 2015, his total compensation was reported at approximately $1.3 million, primarily made up of a $400,000 salary, a $100,000 bonus based...

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Compensation History

See how much did Charles W. "Chuck" Berger make over time.

Chuck's compensation at Extreme Networks was designed to align with the company's performance metrics. In 2015, his total compensation was around $1.3 million, which included a base salary of $400,000. He earned a performance-based bonus of $100,000, which was contingent upon hitting specific financial targets. Significant portions of his earnings also came from vested stock, valued at $750,000 in 2015, which represented shares he was granted in previous years and tied to Extreme Networks’ growth. His pay plan reflected a strong incentive for executives to push for revenue growth and profitability, essential in the tech sector where rapid changes can impact company performance. Chuck's approach stemmed from a philosophy of tying pay to performance, ensuring that leadership is focused on long-term success rather than short-term gains or static salaries.

Year

2015

Total Compensation

$1.30M

Salary

$400.00K

Board Justification

The compensation philosophy aims to align CEO compensation with company performance, utilizing peer benchmarking and retention strategies to ensure competitive pay.

Bonus

$100.00K

Board Justification

The bonus is based on the achievement of specific performance goals set by the Board of Directors for the fiscal year 2015.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid by the company.

Restricted Stock

$750.00K(50K RSU)

Board Justification

The vested stock represents shares that were granted in prior years and vested in 2015, based on the company's performance metrics.

Performance Metrics

Performance metrics include revenue growth and EBITDA targets set by the Board.

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