In 2006, Michael L. Cox earned $408.19K in total compensation at First Merchants Corporation, including $355.00K salary and $25.27K in stock.
Compensation History
Annual executive compensation data for Michael L. Cox, including salary, bonuses, and stock awards.
Year
2006
Total Compensation
$408.19K
Salary
$355.00K
Bonus
$0.00
Other
$27.92K
Salary
$355.00KBoard Justification
The Corporation's compensation programs are intended to provide incentives to employees, and to senior management in particular, to achieve the Corporation's current and long-term strategic goals, with the ultimate objective of obtaining a superior return on shareholders' investment.
Bonus
$0.00Board Justification
No bonus was paid to any other Named Executive Officer during 2006 except as part of a non-equity incentive plan.
Other Compensation
$27.92KBoard Justification
Includes matching contributions to the First Merchants Corporation Retirement and Income Savings Plan and perquisites.
Restricted Stock
Board Justification
Restricted stock awarded under the Long-term Equity Incentive Plan on February 10, 2006, which will vest on February 10, 2009.
Performance Metrics
For 2006, Mr. Cox's incentive pay was 1.35% of his base salary, based on the Corporation's return on equity exceeding the threshold but less than the target.
Michael L. Cox
Ex-CEO of First Merchants Corporation
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
CEO of First Merchants Corporation for
0 years 1 month (Apr 2006 - Jun 2006)
Previous Experience
Unknown
Other First Merchants Corporation CEOs
Holdings
Track Michael L. Cox's stock holdings and portfolio value over time.
Insider Trading
Michael L. Cox's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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