The NW Arkansas Executive Compensation List
by October 1, 2001 12:00 am 180 views
Ranked by total compensation in 2000 for public company executives in Benton, Washington, Sebastian and Boone counties:
Rank — Executive — Total 2000 Compensation —?2000 Salary or Cash Compensation — 2000 Stock Options Exercised — 2000 Profit Sharing — Bonus or Performance-Based Pay — Other 2000 — 2000 Net Income — Salary Plus Bonus as Percent of Income — Company — 1999 Compensation — 1999 Salary — 1999 Options — 1999 Profit Sharing — 1999 Bonus — Other 1999
1 — H. Lee Scott Jr., Pres. & CEO — $8,921,635 — $992,308 — 1,750,000 — — $6,083,159 — $96,168 — $6,295,000,000 — 0.11 —
— Wal-Mart Stores Inc. — 5,520,045 — 800,000 — 3,413,975 — $3,200 — 1,215,385 — 87,485
2 — Thomas Coughlin, EVP — 4,509,302 — 828,734 — 2,441,584 — — 1,120,000 — 118,984 — 6,295,000,000 — 0.03 —
— Wal-Mart Stores Inc. — 3,008,749 — 720,000 — 1,143,256 — 3,200 — 1,008,000 — 134,293
3 — David Glass, COB — 4,188,576 — 1,219,110 — 797,203 — — 1,778,000 — 394,263 — 6,295,000,000 — 0.05 —
— Wal-Mart Stores Inc. — 10,102,208 — 1,406,154 — 5,654,871 — 3,200 — 2,540,000 — 497,983
4 — John B. Menzer, EVP — 2,898,013 — 640,385 — 1,556,015 — — 637,000 — 64,613 — 6,295,000,000 — 0.02 —
— Wal-Mart Stores Inc. — 2,181,667 — 567,308 — 750,128 — 3,200 — 805,385 — 55,646 — — —
5 — David Banks, COB — 2,582,282 — 775,000 — 1,610,583 — — 160000 — 36,699 — -54,502,000 — N/A
— Beverly Enterprises Inc. — 824,696 — 769,161 — — — — 55,535
6 — Robert Young III, Pres. & CEO — 2,562,583 — 503,600 — — — 1,117,992 — 940,991 — 76,155,000 — 2.13 —
— Arkansas Best Corp. — 1,974,334 — 503,600 — — — 844,235 — 626,499
7 — Thomas R. Grimm, EVP & CEO — 2,215,149 — 590,385 — 978,361 — — 608,400 — 38,003 — 6,295,000,000 — 0.02 —
— Wal-Mart Stores Inc. — 889,972 — 527,308 — — 2,538 — 357,500 — 2,626
8 — John H. Tyson, COB, Pres. & CEO — 1,374,636 — 782,886 — 483,750 — — — 108,000 — 151,000,000 — 0.52 —
— Tyson Foods Inc. — 1,252,373 — 650,000 — — — 375,000 — 227,373
9 — Don Tyson, Senior COB — 1,279,001 — 944,001 — — — 200,000 — 135,000 — 151,000,000 — 0.76 —
— Tyson Foods Inc. — 1,403,666 — 600,000 — — — 310,000 — 493,666?
10 — David Stubblefield, Pres. & CEO — 1,222,599 — 303,600 — — — — 918,999 — 76,155,000 — 0.40 —
— Arkansas Best Corp. — 1,590,596 — 303,600 — — — 793,914 — 493,082
11 — T. Gerald Moore, EVP — 1,124,075 — 327,023 — 734,268 — — 55,826 — 6,958 — -54,502,000 — N/A —
— Beverly Enterprises Inc. — 485,101 — 317,346 — — — 145,685 — 22,070
12 — Jerry Yarbrough, SVP — 1,084,329 — 243,600 — — — 450,660 — 390,069 — 76,155,000 — 0.91 —
— Arkansas Best Corp. — 829,938 — 243,600 — — — 340,309 — 246,029
13 — William Mathies, EVP — 1,000,270 — 400,000 — 543,431 — — 35,000 — 21,839 — -54,502,000 — N/A —
— Beverly Enterprises Inc. — 426,413 — 397,346 — — — — 29,067
14 — Lary Scott, EVP — 904,510 — 253,600 — — — 469,160 — 181,750 — 76,155,000 — 0.95 —
— Arkansas Best Corp. — 744,497 — 253,600 — — — 354,279 — 136,618
15 — Harold Korell, Pres. & CEO — 900,922 — 510,975 — 109,703 — — 265,000 — 15,244 — -46,700,000 — N/A —
— Southwestern Energy Co.** — 636,811 — 410,000 — — — 160,000 — 66,811
16 — Greg Lee, COO — 883,077 — 412,500 — 322,500 — — 110,000 — 38,077 — 151,000,000 — 0.35 —
— Tyson Foods Inc. — 566,230 — 379,167 — — — 150,000 — 37,063
17 — Terry Bellora, CFO — 684,991 — 251,046 — — — — 433,945 — -1,681,000 — N/A —
— Edgewater Technologies Inc.*** — 250,562 — 212,500 — — — 24,250 — 13,812
18 — David Loeffler, VP — 623,405 — 196,100 — — — 362,785 — 64,520 — 76,155,000 — 0.73 —
— Arkansas Best Corp. — 521,273 — 196,100 — — — 273,952 — 51,221
19 — William W. Lovette, Pres. — 594,982 — 305,000 — 215,000 — — 63,500 — 11,482 — 151,000,000 — 0.24 —
— Tyson Foods Inc. — # — #
20 — R.S. Boreham Jr., COB — 594,486 — 270,000 — 267,300 — — — 57,186 — 46,300,000 — 0.58 —
— Baldor Electric Inc. — 899,518 — 363,000 — 120,543 — 15,546 — 362,000 — 38,429
21 — John S. Lea, EVP — 589,666 — 285,000 — 215,000 — — 65,000 — 24,666 — 151,000,000 — 0.23 —
— Tyson Foods Inc. — # — #
22 — Alan H. Stevens, Pres. & COO — 523,896 — 304,694 — 11,156 — — 168,000 — 40,046 — -46,700,000 — N/A —
— Southwestern Energy Co.** — 429,585 — 264,000 — — — 100,000 — 65,585
23 — John McFarland, Pres. & CEO — 523,629 — 250,000 — 247,500 — — — 26,129 — 46,300,000 — 0.54 —
— Baldor Electric Inc. — 948,444 — 215,000 — 491,541 — 15,546 — 215,000 — 11,357
23 — William Floyd, Pres. & COO — 520,125 — 393,019 — — — 125,000 — 2,106 — -54,502,000 — N/A —
— Beverly Enterprises Inc. — 588,952 — 546,262 — — — — 42,690
25 — Greg Kerley, EVP & CFO — 511,154 — 300,737 — 55,781 — — 143,000 — 11,636 — -46,700,000 — N/A —
— Southwestern Energy Co.** — 354,800 — 235,000 — — — 100,000 — 19,800
26 — Kirk Thompson, Pres. & CEO — 497,385 — 450,000 — — — 45,000 — 2,385 — 36,075,000 — 1.37 —
— J.B. Hunt Transport Services Inc. — 453,603 — 450,000 — — — — 3,603
27 — J.B. Hunt, Senior COB — 464,135 — 448,345 — — — — 15,790 — 36,075,000 — 1.24 —
— J.B. Hunt Transport Services Inc. — 436,302 — 375,000 — — — — 61,302
28 — Dean G. Cannon, Pres. & COB — 450,016 — 210,016 — — — 240,000 — — 520,501 — 86.46 —
— Cannon Express Inc. — 448,053 — 208,053 — — — 240,000 —
29 — Lloyd Davis, EVP & COO — 425,401 — 200,000 — 198,000 — — — 27,401 — 46,300,000 — 0.43 —
— Baldor Electric Inc. — 503,469 — 190,000 — 134,102 — 15,546 — 150,000 — 13,821
30 — Robert Weaver, Pres. & CEO — 412,788 — 362,500 — — — 47,738 — 2,550 — 8,600,000 — 4.77 —
— P.A.M. Transportation Inc. — 413,500 — 343,500 — — — 70,000 —
31 — Jun-Sheng Li, EVP — 398,362 — 386,947 — — — 9,800 — 1,615 — 36,075,000 — 1.10 —
— J.B. Hunt Transport Services Inc. — 264,423 — 264,423 — — — —
32 — Scott Tabakin, EVP & CFO — 380,613 — 360,196 — — — — 20,417 — -54,502,000 — N/A —
— Beverly Enterprises Inc. — 390,158 — 349,992 — — — — 40,166
33 — Wayne Garrison, COB — 375,000 — 375,000 — — — — — 36,075,000 — 1.04 —
— J.B. Hunt Transport Services Inc. — 429,104 — 375,000 — — — — 54,104
34 — Jerry Walton, EVP & CFO — 358,286 — 321,154 — — — 32,500 — 4,632 — 36,075,000 — 0.98 —
— J.B. Hunt Transport Services Inc. — 276,872 — 275,000 — — — — 1,872
35 — George A. Taaffe, SVP — 356,696 — 232,672 — 37,187 — — 70,000 — 16,837 — -46,700,000 — N/A —
— Southwestern Energy Co.** — 125,820 — 72,820 — — — 21,400 — 31,600
36 — Clete Brewer, COB & CEO — 356,000 — 356,000 — — — — — -1,681,000 — N/A —
— Edgewater Technologies Inc.*** — 302,083 — 232,500 — 15,752 — — 42,500 — 11,331
37 — Frank Coffman Jr., COB & CEO? — 345,828 — 296,540 — — — 15,221 — 34,067 — 5,592,000 — 5.58 —
— First Federal Bancshares of Arkansas Inc. — 399,601 — 354,080 — — — 15,221 — 30,300
38 — James Kimzey, EVP — 320,894 — 168,000 — 130,680 — — — 22,214 — 46,300,000 — 0.36 —
— Baldor Electric Inc. — 720,540 — 163,000 — 407,325 — 15,546 — 127,000 — 7,669
39 — Larry Brandt, Pres. & COO? — 309,590 — 258,780 — — — 16,743 — 34,067 — 5,592,000 — 4.93 —
— First Federal Bancshares of Arkansas Inc. — 294,323 — 247,280 — — — 16,743 — 30,300
40 — Stephen R. Bova, Pres., COO?? — 302,607 — 302,607 — — — — — -1,681,000 — N/A —
— Edgewater Technologies Inc.*** — 95,250 — 95,250 —
41 — Carolyn Thomason, EVP — 262,851 — 216,100 — — — 12,684 — 34,067 — 5,592,000 — 4.09 —
— First Federal Bancshares of Arkansas Inc. — 249,914 — 206,930 — — — 12,684 — 30,300
42 — Debbie Branch, SVP — 257,329 — 148,550 — — — — 108,779 — -46,700,000 — N/A —
— Southwestern Energy Co.** — 273,663 — 179,500 — — — 60,000 — 34,163
43 — R.L. Qualls, VC — 255,424 — 120,000 — 118,800 — — — 16,624 — 46,300,000 — 0.26 —
— Baldor Electric Inc. — 446,133 — 188,000 — 37,254 — 15,546 — 187,000 — 18,333
44 — E. Lynn Scott, Pres. & CEO — 249,164 — 193,500 — — — 49,830 — 5,834 — 8,668,000 — 2.81 —
— Brass Eagle Inc. — 185,384 — 180,000 — — — — 5,384
45 — Gordon Y. Allison, EVP & GC — 228,600 — 152,100 — — — 76,500 — — -1,681,000 — N/A —
— Edgewater Technologies Inc.*** — 206,920 — 132,000 — — — 70,000 — 4,920
46 — W. Clif Lawson, EVP & COO — 213,899 — 186,680 — — — 24,719 — 2,500 — 8,600,000 — 2.46 —
— P.A.M. Transportation Inc. — 398,531 — 171,680 — 189,390 — — 35,836 — 1,625
47 — Larry Goddard, VP & CFO — 173,236 — 150,000 — — — 20,686 — 2,550 — 8,600,000 — 1.98 —
— P.A.M. Transportation Inc. — 169,753 — 137,500 — — — 30,000 — 2,253
48 — Steven DeMent, VP — 171,995 — 138,915 — — — 30,005 — 3,075 — 8,668,000 — 1.95 —
— Brass Eagle Inc. — 182,366 — 180,000 — — — — 2,366
49 — Robert Powell, Pres. & CEO — 171,265 — 164,352 — — — — 6,913 — 94,000 — 174.84 —
— USA Truck Inc. — 458,001 — 164,352 — — — 284,405 — 9,244
50 — J.R. Brian Hanna, VP & CFO — 170,183 — 132,825 — — — 33,909 — 3,449 — 8,668,000 — 1.92 —
— Brass Eagle Inc. — 125,174 — 123,210 — — — — 1,964
51 — Larry L. Patrick, VP — 162,081 — 162,081 — — — — — 520,501 — 31.14 —
— Cannon Express Inc. — 162,855 — 162,855 — — — —
52 — Tommy W. Richardson, EVP & CFO — 158,904 — 108,600 — — — 17,250 — 33,054 — 5,592,000 — 2.25 —
— First Federal Bancshares of Arkansas Inc. — 127,646 — 90,600 — — — 8,118 — 28,928
53 — Sherri R. Billings, SVP — 151,192 — 108,000 — — — 10,147 — 33,045 — 5,592,000 — 2.11 —
— First Federal Bancshares of Arkansas Inc. — 127,440 — 90,000 — — — 8,524 — 28,916
54 — Danny Funderburg, Pres. & COO — 149,901 — 116,360 — — — 32,500 — 1,041 — 226,000 — 65.87 —
— National Home Centers — 122,824 — 113,940 — — — 8,000 — 884
55 — Joe Brooks, Co-CEO — 145,000 — 105,000 — 40,000 — — — — -2,207,000 — N/A —
— AERT — 105,000 — 105,000 — — — —
56 — Duane Wormington, VP — 139,241 — 139,241 — — — — — 520,501 — 26.75 —
— Cannon Express Inc. — 124,158 — 124,158 — — — —
57 — George Jacobs, VP — 136,511 — 131,484 — — — — 5,027 — 94,000 — 139.88 —
— USA Truck Inc. — 394,122 — 131,484 — 28,000 — — 227,526 — 7,112
58 — Jerry Orler, VP & CFO — 136,145 — 131,484 — — — — 4,661 — 94,000 — 139.88 —
— USA Truck Inc. — 387,935 — 131,384 — 21,000 — — 227,526 — 8,025
59 — Steven Schulte, EVP — 113,076 — 113,076 — — — — — -1,681,000 — N/A —
— Edgewater Technologies Inc.*** — 137,792 — 125,000 — — — — 12,792
60 — Brent A. Hanby, EVP & CFO — 105,781 — 95,092 — — — 10,000 — 689 — 226,000 — 46.50 —
— National Home Centers — # — #
61 — Roger Holman, SVP — 105,747 — 95,060 — — — 10,000 — 687 — 226,000 — 46.49 —
— National Home Centers — 89,830 — 75,245 — — — — 14,585
62 — Patrick Majors, VP — 92,772 — 89,200 — — — — 3,572 — 94,000 — 98.89 —
— USA Truck Inc. — 245,692 — 88,200 — — — 152,622 — 4,870
63 — Dwain Newman, COB & CEO — 85,306 — 80,000 — — — — 5,306 — 226,000 — 35.40 —
— National Home Centers — 86,192 — 80,000 — — — — 6,192
64 — James Speed, COB — 73,020 — 68,480 — — — — 4,540 — 94,000 — 77.85 —
— USA Truck Inc. — 233,702 — 82,176 — — — 142,202 — 9,324
65 — Stephen Brooks, Co-CEO — 0 — 0 — — — — — -2,207,000 — N/A —
— AERT — 0 — 0
Other Executive Compensation
Ranked by total compensation in 2000 for Arkansas public company executives with significant Northwest Arkansas interests:
Rank — Executive — Total 2000 Compensation —?2000 Salary or Cash Compensation — 2000 Stock Options Exercised — 2000 Profit Sharing — Bonus or Performance-Based Pay — Other 2000 — 2000 Net Income — Salary Plus Bonus as Percent of Income — Company — 1999 Compensation — 1999 Salary — 1999 Options — 1999 Profit Sharing — 1999 Bonus — Other 1999
1 — Dennis Foster, VC — 8,085,192 — 375,000 — 600,000 — — 2,900,000 — 4,210,192 — 1,929,000,000 — 0.17 —
— Alltel Corp. — 8,745,638 — 650,000 — 3,472,366 — 9,600 — 2,780,000 — 1,833,672
2 — Joe Ford, COB & CEO — 2,959,770 — 825,000 — 778,750 — 6,800 — 1,237,500 — 111,720 — 1,929,000,000 — 0.11 —
— Alltel Corp. — 2,307,552 — 750,000 — 413,269 — 9,600 — 1,012,500 — 122,183
3 — Kevin Beebe, Pres. — 2,492,658 — 500,000 — 325,000 — 6,800 — 1,562,500 — 98,358 — 1,929,000,000 — 0.13 —
— Alltel Communications — 2,577,126 — 450,000 — 37,777 — 9,600 — 1,938,750 — 140,999
4 — Scott Ford, Pres. & COO — 2,249,580 — 700,000 — 525,000 — 6,800 — 945,000 — 72,780 — 1,929,000,000 — 0.09 —
— Alltel Corp. — 1,399,699 — 600,000 — — 9,600 — 720,000 — 70,099 — — — —
5 — Jeffrey R. Fox, Pres. — 1,512,659 — 500,000 — 371,250 — 5,950 — 562,500 — 72,959 — 1,929,000,000 — 0.06 —
— Alltel Corp. — # — #
Sources: Proxy statements and annual reports filed with the U.S. Securities and Exchange Commission which include 2000 compensation.
Title abbreviations: COB (chairman of the board); VC (vice chairman); CEO (chief executive officer); Pres. (president); EVP (executive vice president); VP (vice president); SVP (senior vice president); CFO (chief financial officer); GC (general counsel); GM (general manager); Div. (division); Ops. (operations).
*Other compensation includes such things as contributions to employee stock ownership plans, contributions to 401 (k) retirement plans, premium payments for life insurance policies and ?above market? earnings on deferred compensation. N/A: Not applicable because company reported a net loss. #These executives? compensation was not reported by the company for 1999. **Southwestern Energy Co. relocated its corporate headquarters from Fayetteville to Houston in February 2001. ***Edgewater Technologies Inc. relocated its corporate headquarters from Fayetteville to Wakefield, Mass., in 2001. ?Coffman died in May 2001. Former U.S. Rep. John Paul Hammerschmidt succeeded him as COB. Brandt succeeded him as CEO. ??Bova is now CEO of IntelliMark, a former division of Edgewater that was sold and is now privately held. ?Edington will retire effective Sept. 30 and Powell will succeed him as president and CEO.
Research by Jack Whitsett
6 — Claiborne Deming, Pres. & CEO — 1,399,939 — 691,674 — — — 650,000 — 58,265 — 296,800,000 — 0.45 —
— Murphy Oil Corp. — 1,023,021 — 600,000 — 19,166 — — 351,000 — 52,855
7 — Michael T. Flynn, Pres. — 1,113,389 — 400,000 — 282,500 — 6,800 — 390,000 — 34,089 — 1,929,000,000 — 0.04 —
— Alltel Communications — 1,600,552 — 380,000 — 801,102 — 9,600 — 370,500 — 39,350
8 — William Dillard II, CEO — 876,150 — 710,000 — — — — 166,150 — -5,850,000 — N/A —
— Dillard?s Inc. — 2,154,900 — 680,000 — — — 1,335,000 — 139,900
9 — Alex Dillard, Pres. — 775,270 — 620,000 — — — — 155,270 — -5,850,000 — N/A —
— Dillard?s Inc. — 2,054,120 — 590,000 — — — 1,335,000 — 129,120
10 — Herbert Fox Jr., VP — 676,226 — 394,174 — — — 250,000 — 32,052 — 296,800,000 — 0.22 —
— Murphy Oil Corp. — 508,408 — 330,000 — — — 150,000 — 28,408
10 — Enoch Dawkins, Pres. — 653,908 — 372,917 — — — 250,000 — 30,991 — 296,800,000 — 0.21 —
— Murphy Exploration & Production Co. — 866,193 — 341,669 — 320,531 — — 175,000 — 28,993
11 — Mike Dillard, EVP — 650,900 — 540,000 — — — — 110,900 — -5,850,000 — N/A —
— Dillard?s Inc. — 1,758,150 — 520,000 — 468,750 — — 690,000 — 79,400
12 — Drue Corbusier, EVP — 601,110 — 500,000 — — — — 101,110 — -5,850,000 — N/A —
— Dillard?s Inc. — 1,308,610 — 475,000 — 125,000 — — 625,000 — 83,610
13 — James Freeman, SVP & CFO — 579,400 — 500,000 — — — — 79,400 — -5,850,000 — N/A —
— Dillard?s Inc. — 1,975,297 — 475,000 — 975,147 — — 465,000 — 60,150
14 — Steven A. Cosse, SVP & GC — 540,908 — 312,917 — — — 200,000 — 27,991 — 296,800,000 — 0.17 —
— Murphy Oil Corp. — 446,408 — 290,004 — — — 130,000 — 26,404
15 — J. Thomas May, CEO — 496,914 — 318,600 — 79,500 — — 32,500 — 66,314 — 18,869,000 — 1.86
— Simmons First National Corp. — 483,078 — 308,000 — 74,312 — — 60,000 — 40,766
16 — C. Stanley Bailey, COB & CEO — 450,000 — 300,000 — — — 150,000 — — 12,300,000 — 3.66 —
— Superior Financial Corp. — 375,000 — 250,000 — — — 125,000 —
17 — C. Marvin Scott, Pres. & COO — 330,000 — 220,000 — 110,000 — — — — 12,300,000 — 1.79 —
— Superior Financial Corp. — 255,000 — 170,000 — — — 85,000
18 — Odie F. Vaughan, Treas. — 310,013 — 217,500 — — — 75,000 — 17,513 — 296,800,000 — 0.10 —
— Murphy Oil Corp. — 304,560 — 212,500 — — — 75,000 — 17,060
19 — Rick D. Gardner, CFO — 210,000 — 140,000 — 70,000 — — — — 12,300,000 — 1.14 —
— Superior Financial Corp. — 160,938 — 125,000 — — — 35,938 —
20 — Barry Crow, EVP — 161,618 — 132,851 — — — 16,500 — 12,267 — 18,869,000 — 0.79 —
— Simmons First National Corp. — 209,861 — 128,982 — 38,150 — — 31,500 — 11,229
Sources: Proxy statements and annual reports filed with the U.S. Securities and Exchange Commission which include 2000 compensation.
Title abbreviations: COB (chairman of the board); VC (vice chairman); CEO (chief executive officer); Pres. (president); EVP (executive vice president); VP (vice president); SVP (senior vice president); CFO (chief financial officer); GC (general counsel); GM (general manager); Div. (division); Ops. (operations).
*Other compensation includes such things as contributions to employee stock ownership plans, contributions to 401 (k) retirement plans, premium payments for life insurance policies and ?above market? earnings on deferred compensation.
N/A: Not applicable because company reported a net loss.
#These executives? compensation was not reported by the company for 1999.
**Southwestern Energy Co. relocated its corporate headquarters from Fayetteville to Houston in February 2001.
***Edgewater Technologies Inc. relocated its corporate headquarters from Fayetteville to Wakefield, Mass., in 2001.
?Coffman died in May 2001. Former U.S. Rep. John Paul Hammerschmidt succeeded him as COB. Brandt succeeded him as CEO.
??Bova is now CEO of IntelliMark, a former division of Edgewater that was sold and is now privately held.
?Edington will retire effective Sept. 30 and Powell will succeed him as president and CEO.