In 2008, Norman S. Rich earned $691.04K in total compensation at Weis Markets, including $675.00K salary and $10.13K bonus. Led Weis Markets as CEO for 14 years.
Compensation History
Annual executive compensation data for Norman S. Rich, including salary, bonuses, and stock awards.
Year
2008
Total Compensation
$691.04K
Salary
$675.00K
Bonus
$10.13K
Other
$5.92K
Salary
$675.00KBoard Justification
The compensation philosophy aims to attract and retain qualified executives by providing competitive compensation packages aligned with company performance and peer benchmarking.
Bonus
$10.13KBoard Justification
The bonus is based on the achievement of specific financial objectives set by the Compensation Committee, with a payout potential of up to 50% of base salary for the CEO.
Other Compensation
$5.92KBoard Justification
Other compensation includes contributions to the SERP and perquisites such as use of company automobiles and tax filing assistance.
Restricted Stock
Board Justification
No stock was vested in 2008 as the company does not have an equity-based incentive plan.
Performance Metrics
The performance metrics for determining the CEO's compensation included total company sales growth and operating profit growth compared to the previous fiscal year.
Norman S. Rich
Ex-CEO of Weis Markets
Field of Expertise
Consumer Goods & Retail - Retail
Sector of Economy
Consumer Defensive
CEO of Weis Markets for
14 years 11 months (Jan 1994 - Dec 2008)
Previous Experience
Unknown
Other Weis Markets CEOs
Holdings
Track Norman S. Rich's stock holdings and portfolio value over time.
Insider Trading
Norman S. Rich's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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