G. Michael Callahan, Jr. served as the CEO of GMS Inc. from May 2015 until August 2019. He has a strong financial background, holding a B.A. in Economics from Georgia State University. Before becoming CEO, he was with GMS since...

Number of Employees

7.62K

Year

2019

Total Compensation

$2.33M

Salary

$772.51K

Board Justification

The compensation philosophy of GMS Inc. is designed to attract, retain, and motivate executives to achieve the company's performance goals while aligning their interests with those of the stockholders.

Bonus

$235.62K

Board Justification

The bonus earned by Mr. Callahan was prorated based on the portion of fiscal year 2020 that he was employed with the Company, as he retired on August 2, 2019.

Other

$1.32M

Board Justification

This includes severance benefits of approximately $1,430,870, which consists of continuation of base salary for eighteen months, a pro-rata annual bonus for fiscal year 2020, and a monthly payment for health insurance coverage under COBRA.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted to Mr. Callahan in fiscal year 2020 due to his retirement.

Performance Metrics

The performance metrics for determining Mr. Callahan's compensation included company performance against pre-established business and financial goals.

SEC Filing

From August 27, 2020

G. Michael Callahan, Jr.

Ex-CEO of GMS

GM

Education

B.A. in Economics from Georgia State University

Field of Expertise

Finance & Banking - Finance

Born

June 15, 1956 - 68 years ago

Is Founder?

No

Tenure

4 years 3 months (May 2015 - Aug 2019)

Previous Experience

Senior Vice President and Group Manager at C&S National Bank and Nations Bank