J.B. Hunt CEO gets $859,252 in '17 pay
J.B. Hunt Transport Services Inc. Chief Executive Officer John Roberts earned $859,252 in compensation in 2017, according to an annual proxy statement filed with the U.S. Securities and Exchange Commission.
Roberts' compensation was down more than $4.6 million from the $5.5 million he received in 2016, but the smaller package comes after the company shifted the timing of its annual stock awards to January. According to J.B. Hunt's proxy, Roberts received $4.8 million in stock awards on Jan. 24 that will vest in annual increments over a four-year period beginning Jan. 31, 2019. He earned about $4.6 million in stock awards in 2016.
Roberts' compensation of $859,252 was 15 times the median annual compensation for the rest of the company's employees ($57,384) in 2017. The disclosure was required under the Dodd-Frank law.
Chief Financial Officer David Mee earned $507,143 in total compensation, while chief commercial officer Shelley Simpson received $507,143. Intermodal president Terrence Matthews received $509,960.
-- Robbie Neiswanger
Simmons chairman earns $2.2M in year
George Makris, chairman and chief executive officer of Simmons First National Corp., earned $2.2 million last year, the Pine Bluff bank said in its annual proxy statement.
Makris made a salary of about $687,000, a $30,000 bonus, more than $807,000 in stock awards and $664,000 in other income. Makris' total 2017 compensation was 50 times the median annual compensation for the rest of the company's employees ($45,834), the statement said.
Other Simmons executives included in the proxy statement and their incomes last year were Robert Fehlman, chief financial officer, $1.7 million; Marty Casteel, senior executive vice president, $1.7 million; Mark Funke, chief executive of Simmons Bank, $1.6 million; and Paul Kanneman, chief information officer, $982,000.
-- David Smith
State index endures as market struggles
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 0.69 to 422.31 Tuesday.
"A struggle most of the day ended with Wall Street's major indexes falling on the news of U.S. Secretary of State Rex Tillerson's firing and the possibility of additional U.S. import tariffs against China," said Chris Harkins, managing director with Raymond James & Associates in Little Rock.
Total volume for the index was 20.2 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 03/14/2018
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