David J. Hepfinger served as the President and CEO of Weis Markets, Inc. from January 2009 until September 2013. During his leadership, he oversaw significant changes and strategies to strengthen the company. Before joining Weis Markets, he had a long...

David J. Hepfinger served as the President and CEO of Weis Markets, Inc. from January 2009 until September 2013. During his leadership, he oversaw significant changes and strategies to strengthen the company. Before joining Weis Markets, he had a long career with Price Chopper Supermarkets, where he spent 32 years and rose to become Senior Vice President of Retail and Administration. Hepfinger's experience in retail management brought valuable insight to Weis, a company known for its grocery operations in the Pennsylvania area. Under his guidance, the CEO Incentive Award Plan was introduced, tying his compensation to the company's performance, which suggests a focus on growth and responsibility. Interestingly, Hepfinger's total compensation in 2013 reached $3,122,824, mainly driven by a large severance package following his departure. While his time at Weis ended with a resignation, Hepfinger's contributions to the grocery industry are evident from his long-standing commitment. He's an intriguing figure in retail, having seen the sector evolve over decades while adapting to its many challenges.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Weis Markets CEOs

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David J. Hepfinger

Ex-CEO of Weis Markets

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

CEO of Weis Markets for

4 years 8 months (Jan 2009 - Sep 2013)

Previous Experience

Price Chopper Supermarkets

Rivals

Competitors/colleagues of David J. Hepfinger

I

James Lanning

CEO of Ingles Markets

2023 Compensation

Stock

$0.00

Salary

$1.12M

Bonus

$2.12M

Other

$57.52K

Total Holdings

$623.10K

Holdings

See how much did David J. Hepfinger make over time.

David Hepfinger's financial stake in Weis Markets saw significant adjustments throughout his tenure as CEO. At one point, his holdings were closely tied to the company's performance metrics defined under incentive plans. His wealth fluctuated alongside the company's growth, with...

David Hepfinger's financial stake in Weis Markets saw significant adjustments throughout his tenure as CEO. At one point, his holdings were closely tied to the company's performance metrics defined under incentive plans. His wealth fluctuated alongside the company's growth, with reported yearly compensation peaking at $3,122,824 in 2013 due to a severance agreement that included significant health benefits and continued compensation through the end of the agreement. Earlier years showed considerably lower compensation, around $286,709 in 2012, suggesting his financial alignment with the company adjusted based on his role and its performance. When Hepfinger resigned in September 2013, the structure of his holdings and compensation reflected both past achievements in the grocery sector and the transition of leadership within Weis Markets.

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Insider Trading

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Compensation History

See how much did David J. Hepfinger make over time.

During his tenure at Weis Markets, David Hepfinger's compensation package evolved significantly. In 2013, his total compensation reached an impressive $3,122,824, mainly because of a large severance payment following his departure. Earlier, in 2012, he earned $286,709, highlighting how his income was closely tied to his performance and market conditions. His roles in previous years were linked with basic salary and occasional performance-based incentives. The company’s philosophy aimed to retain talented executives through a competitive package that included annual reviews and various benefits. Despite the ups and downs in his compensation, Hepfinger's approach to tying incentives directly to performance metrics showed an interesting commitment to aligning executive pay with the company’s success. In summary, while his earnings reflected the perspective of his role, they also indicated an overall aim to keep the company's leadership focused on performance.

Year

2013

Total Compensation

$3.12M

Salary

$623.97K

Board Justification

The compensation philosophy aims to attract and retain qualified executives through a competitive compensation package that aligns with the company's financial objectives.

Bonus

$0.00

Board Justification

No bonus was earned under the non-equity incentive plan or the CEO Incentive Award Plan for 2013 as these plans were superseded by the Separation Agreement.

Other

$2.50M

Board Justification

Includes severance pay of $2,458,884 pursuant to the Separation Agreement and other payments related to health benefits and physical examinations.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2013.

Performance Metrics

The performance metrics for determining compensation are based on the overall performance of the Company, although executive compensation is not specifically tied to corporate performance.

Other Weis Markets CEOs

Here are other CEOs of Weis Markets

Norman S. Rich

Ex-CEO of Weis Markets

January 1994 - December 2008

Jonathan H. Weis

CEO of Weis Markets

September 2013 - Present