George E. Deese served as the CEO of Flowers Foods, a major player in the baking industry, from 2010 until 2013, after being with the company since 1964. His long tenure reflects deep experience in management and operations, spanning nearly...

Number of Employees

9.3K

Year

2013

Total Compensation

$4.15M

Salary

$820.49K

Board Justification

The compensation philosophy focuses on attracting, retaining, and motivating qualified executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$699.51K

Board Justification

Based on the achievement of a specified EBITDA goal, with a bonus payout at 85.25% of the target performance goal.

Other

$151.06K

Board Justification

Includes employer contributions to retirement plans and other benefits.

Restricted Stock

$2.48M(134.19K common stock)

Board Justification

134,190 shares of performance-contingent restricted stock vested in 2013 due to the company meeting certain performance criteria.

Performance Metrics

The performance metrics for the CEO's compensation in 2013 were based on achieving specific EBITDA goals.

SEC Filing

From April 11, 2014