In 2010, Mr. Jay S. Yoo earned $426.94K in total compensation at Hanmi Financial, including $350.00K salary and $10.49K in stock. Most recently acquired 8,209 shares in May 2012. Led Hanmi Financial as CEO for 2 years.
Compensation History
Annual executive compensation data for Mr. Jay S. Yoo, including salary, bonuses, and stock awards.
Year
2010
Total Compensation
$426.94K
Salary
$350.00K
Bonus
$0.00
Other
$66.46K
Salary
$350.00KBoard Justification
The compensation programs are designed to attract and retain high caliber banking executives and to reward them for achieving business objectives that further the success of Hanmi Financial, without inducing excessive risk-taking.
Bonus
$0.00Board Justification
The annual bonus payable to the CEO is capped at 75% of his base salary, but no bonus was paid in 2010 due to the failure to meet financial goals set by the Board of Directors.
Other Compensation
$66.46KBoard Justification
Other compensation includes life insurance premiums, automobile allowance, health insurance premiums, employer contributions under the 401(k) plan, and club memberships.
Restricted Stock
Board Justification
4,000 shares of restricted stock vested on April 8, 2010, representing 20% of the total grant of 20,000 shares awarded on April 8, 2009.
Performance Metrics
Financial performance was measured by Asset Quality, Liquidity, Capital Adequacy, Earnings and Balance Sheet Deleveraging.
Mr. Jay S. Yoo
Ex-CEO of Hanmi Financial
Education
Not specified
Field of Expertise
Finance & Banking - Banking
Sector of Economy
Financial Services
Born
June 1, 1947 - 78 years ago
CEO of Hanmi Financial for
2 years 0 months (Jun 2008 - Jun 2010)
Previous Experience
Chairman, President and Chief Executive Officer of Woori America Bank.
Holdings
Track Mr. Jay S. Yoo's stock holdings and portfolio value over time.
Insider Trading
Mr. Jay S. Yoo's recent stock transactions, purchases, and sales filed with the SEC.
Rivals
Compare Mr. Jay S. Yoo with competitor CEOs and industry peers.
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