Michael B. Glenn served as the CEO of UFP Industries, Inc. from July 2006 until July 2011. He has a solid track record, having been with the company since 1974. He climbed the ranks over the years, holding positions like...

Current Market Cap

$7.91B

Number of Employees

15.8K

Total Compensation

2007 - 2011

Trending down by -33.64% last year
Showing total compensation for the last 2007 - 2011

Stock

Down by -45.91% last year

Salary

Down by -45.12% last year

Bonus

Down by -72.92% last year

Other

Up by 645.40% last year

Year

2011

Total Compensation

$814.22K

Salary

$324.11K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, attract and retain key executives, and reward performance based on achievement of company goals.

Bonus

$142.63K

Board Justification

The bonus was based on the company's performance metrics and was pro-rated for the portion of the year he was employed, as he left the company on June 21, 2011.

Other

$310.71K

Board Justification

Other compensation includes consulting fees of $281,819 and COBRA expenses of $8,303 for the period from June 22, 2011 to December 31, 2011.

Restricted Stock

$36.77K(6.15K common stock)

Board Justification

The vested stock was granted under the Executive Stock Grant Program and was based on Mr. Glenn attaining age 60 on March 16, 2011.

Performance Metrics

The performance metrics for determining compensation included operating profit and return on investment (ROI) for the company.

SEC Filing

From March 6, 2012