Duane E. Geiger was the CEO during a pivotal time at Biglari Holdings Inc. He served as the interim Chief Financial Officer and played a significant role in the financial management of the company. Geiger's compensation in 2012 totaled $472,758,...

Duane E. Geiger was the CEO during a pivotal time at Biglari Holdings Inc. He served as the interim Chief Financial Officer and played a significant role in the financial management of the company. Geiger's compensation in 2012 totaled $472,758, which included a salary of $227,692 and a substantial bonus of $230,000, reflecting the company's growth during his tenure. Notably, he received no stock options or grants, showing a focus on cash compensation over equity incentives. In 2012, Geiger’s role was heavily influenced by the leadership of Sardar Biglari, the chairman and CEO, indicating a management style that heavily relied on subjective performance evaluations for bonuses. An intriguing change in his job agreement happened in 2010, allowing him to receive a severance package only if the CEO position changed hands, which reduced his security in the role. His time at Biglari from 2010 to 2012 was marked by strategic decisions during a transformative phase for the company, making him a key figure in its evolution.

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4. Compensation History

5. Other Biglari Holdings Inc. CEOs

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Duane E. Geiger

Ex-CEO of Biglari Holdings Inc.

Sector of Economy

Consumer Cyclical

CEO of Biglari Holdings Inc. for

2 years 2 months (Jan 2010 - Apr 2012)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Duane E. Geiger

Holdings

See how much did Duane E. Geiger make over time.

During his time as CEO, Duane E. Geiger's holdings were primarily in Biglari Holdings Inc.'s Class B Common Stock. His stock compensation reflected a conservative approach, with no stock grants issued from the company during his leadership years. By 2011,...

During his time as CEO, Duane E. Geiger's holdings were primarily in Biglari Holdings Inc.'s Class B Common Stock. His stock compensation reflected a conservative approach, with no stock grants issued from the company during his leadership years. By 2011, he had 520 shares vesting that year, valued around $207,719, showcasing a strong alignment with company performance even though they didn't significantly increase in number. His total compensation rose from $371,389 in 2010 to $472,758 in 2012, highlighting a peak period during which the company's market performance likely influenced his slight stock vesting. Throughout this period, his wealth was largely tied to how the company performed financially and less about ownership stakes in the form of stock options or grants, which remained untouched.

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Insider Trading

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Compensation History

See how much did Duane E. Geiger make over time.

Duane E. Geiger's compensation package was structured around strong performance incentives during his time as CEO. In 2012, Geiger earned a total of $472,758, which was a significant increase from his earnings in previous years. His salary was $227,692, complemented by a notable bonus of $230,000, showing the company's appreciation for his performance. Unlike many CEOs, he did not receive any stock options or grants, making his pay heavily reliant on cash. This approach reflects Biglari Holdings' strategy of incentivizing executives through immediate financial rewards rather than deferred stock-based compensation. Such a pay structure shows a clear emphasis on aligning executive performance with the company’s financial health and goals, appealing to a straightforward perspective on executive compensation.

Year

2012

Total Compensation

$472.76K

Salary

$227.69K

Board Justification

The compensation philosophy emphasizes a pay-for-performance approach, aligning compensation with the company's financial performance and the executive's contributions.

Bonus

$230.00K

Board Justification

The bonus is based on subjective performance evaluations by Mr. Biglari, considering factors such as the executive's performance and changes in responsibilities.

Other

$15.07K

Board Justification

Other compensation includes various benefits and reimbursements, such as relocation expenses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2012 as the company does not grant stock options to executive officers.

Performance Metrics

The performance metrics for determining compensation include subjective evaluations of performance and changes in responsibilities.

Other Biglari Holdings Inc. CEOs

Here are other CEOs of Biglari Holdings Inc.

Sardar Biglari

CEO of Biglari Holdings Inc.

August 2008 - Invalid Date

Bruce Lewis

Ex-CEO of Biglari Holdings Inc.

April 2012 - October 2019