Bank of Ozarks chief got $8.1 million in ’13
George Gleason, chairman and chief executive officer of Bank of the Ozarks, earned $8.1 million last year, the highest income of any of the firm’s executives, the Little Rock bank said Tuesday in its proxy statement.
Gleason, the bank’s largest shareholder with 8.7 percent, made $1.7 million in salary, $1.9 million in stock and option awards, $3.8 million in the exercise of stock options and $635,000 in other income.
The total income of other executives last year, including salary, stock and option awards, stock options exercised and other income, was: Dan Thomas, vice chairman, $2 million;
Greg McKinney, chief financial officer, $1.4 million; Tyler Vance, chief operating officer, $1 million;
and Darrell Russell, chief credit officer, $1 million.
Bank of the Ozarks’ annual meeting will be at 8:30 a.m. on May 19 at its headquarters in Little Rock.
- David Smith
Wall-breaking begins NLR hub renovations
The Arkansas Regional Innovation Hub expects to complete some of the renovations on its building in North Little Rock by June, Executive Director Warwick Sabin said Tuesday.
The hub recently received $500,000 from the Arkansas Economic Development Commission and $250,000 from the federal Delta Regional Authority.
The money is included in $1.1 million in commitments the hub said in July that it expected to receive.
More than 120 people - including at least 50 area home-schooled students and pupils from North Little Rock High School and the eSTEM school - attended a “wall breaking” ceremony Tuesday where a robot built by students punched holes in a wall to mark the start of renovations.
- David Smith
State stocks yo-yo, end with 2.07 gain
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 2.07 to 320.96 Tuesday.
“The markets experienced a choppy trading session as investors weighed the latest round of economic and corporate profit releases,” said Bob Williams, senior vice president and managing director of Delta Trust Investments Inc. in Little Rock. “Arkansas stocks were volatile on both the up and downsides.”
Dillard’s shares rebounded from Monday’s losses, rising almost 8 percent in heavy volume while P.A.M. Transportation fell just over 2 percent in light trading, Williams said.
Tyson Foods hit a 52-week high.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 25 on 02/26/2014