5 J.B. Hunt executives receive base pay bump

by Jeff Della Rosa ([email protected]) 1,746 views 

Five executives of J.B. Hunt Transport Services received raises for 2017.

On Oct. 20, the Lowell-based carrier’s executive compensation committee approved base salary increases of between 2% and 5%, according to a filing with the U.S. Securities and Exchange Commission.

John N. Roberts III, president and CEO, received a 3% raise to $825,000, from $800,000.

Roberts’ total 2015 compensation jumped 23% to $5.38 million, from $4.35 million in 2014, according to the company’s 2016 proxy statement.

Total compensation includes base salary, bonuses, reimbursements, 401(k) matching contributions and company shares.

The following three executives were approved for a 2% increase to $485,000, from $475,000:

• David G. Mee, executive vice president of finance and administration and CFO

• Terry Matthews, executive vice president and president of intermodal

• Shelley Simpson, executive vice president of integrated capacity solutions and truckload and chief marketing officer

Total 2015 compensation for Mee jumped 43% to $2.44 million, from $1.70 million.

Simpson’s total 2015 compensation increased 24% to $2.02 million, from $1.62 million.

Matthews’ total 2015 compensation rose 29% to $1.72 million, from $1.33 million.

Nicholas Hobbs, executive vice president and president of dedicated contract services, will see a 5% bump in pay to $475,000, from $450,000.

Hobbs received $1.98 million in total 2015 compensation.

Board chairman Kirk Thompson’s salary will remain at $350,000.

His total 2015 compensation rose 8% to $2.27 million, from $2.09 million.

The executives’ 2017 salary increases are set to go into effect Jan. 1.