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John R. Schimkaitis is the former CEO of Chesapeake Utilities Corporation, where he served from 1999 to 2011. He has a Bachelor's degree in Business Administration and close to four decades of experience in the utilities industry, with a significant...

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John R. Schimkaitis

Ex-CEO of Chesapeake Utilities Corporation

Education

Bachelor's degree in Business Administration from the University of Delaware

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

November 15, 1947 - 77 years ago

CEO of Chesapeake Utilities Corporation for

12 years 0 months (Jan 1999 - Jan 2011)

Previous Experience

Various executive roles at Chesapeake Utilities

Holdings

See how much did John R. Schimkaitis make over time.

During his time at Chesapeake Utilities, Schimkaitis held significant shares, reflecting his investment in the company’s future. In 2010, his total compensation was reported at $1,270,473, which included a base salary of $415,425 and a substantial amount of vested stock...

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Insider Trading

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Compensation History

See how much did John R. Schimkaitis make over time.

Schimkaitis's compensation package over the years reflected his performance and alignment with shareholder interests. In 2010, he earned a total package of $1,270,473, showcasing a well-structured deal that tied a significant part of his earnings to the company's performance. This included a base salary of $415,425 and vested stock options that contributed to over $483,000 in value. These figures clearly indicate not only his standing with the company but also how his leadership correlated with company growth. As he transitioned into his role as Vice Chairman in 2011, his compensation dropped significantly, indicating a shift from executive pay to a more advisory role, one that still maintained his commitment to the company's long-term vision.

Year

2011

Total Compensation

$185.25K

Salary

$52.62K

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and retention strategies, ensuring competitive pay to attract and retain top talent.

Bonus

$0.00

Board Justification

No cash bonus was awarded for the year 2011.

Other

$120.00K

Board Justification

Consulting fee of $10,000 per month for 12 months under a consulting agreement.

Restricted Stock

$12.63K(304 common stock)

Board Justification

304 shares of stock were granted with a fair value of $12,628, fully vested as of the 2011 Annual Meeting.

Performance Metrics

Performance metrics included achieving financial and operational targets, with a focus on long-term growth and shareholder value.

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