Michael L. Cox, born in 1946, has a solid background in finance, holding a Bachelor's degree in Business Administration. He led First Merchants Corporation as CEO from 2004 until 2007, a time marked by significant corporate decisions and a temporary...
Michael L. Cox, born in 1946, has a solid background in finance, holding a Bachelor's degree in Business Administration. He led First Merchants Corporation as CEO from 2004 until 2007, a time marked by significant corporate decisions and a temporary medical leave, highlighting his dedication to the company. Cox's focus was on aligning the interests of employees and shareholders through structured compensation programs, providing insight into his strategic vision. In 2006, he earned a total compensation of $657,684, which included a base salary of $355,000. Notably, while in charge, he adapted his management strategies to better the company's performance in a competitive banking environment. His leadership facilitated changes to long-term equity compensation plans, promoting stock options and restricted stock to engage executives in the company’s success. His retirement came early at age 62, but his influence on First Merchants Corporation continues to resonate.