Simmons First National Corp. Chairman and CEO George Makris Jr. saw his total compensation rise to $4.9 million in 2019, up from $4.6 million in 2018, according to the company’s proxy statement filed with the Securities & Exchange Commission this week.
His compensation includes a $789,251 salary, up from $745,000 in 2018, and a bonus of $37,929, up from $35,944 in 2018.
The company’s four other named executive officers also saw their compensation increase in 2019 compared to the year before:
- CFO Robert Fehlman made $2.2 million, up from $1.4 million in 2018.
- Marty Casteel, senior executive vice president, made $1.9 million, up from $1.3 million.
- Stephen Massanelli, chief administrative officer and executive vice president, made $1.1 million, up from $671,024.
- Patrick Burrow, executive vice president, general counsel and secretary, made $1.1 million, up from $643,220.
The company’s annual meeting is set for 8 a.m. April 23 in the Ryburn Community Room of its Pine Bluff headquarters at 501 Main St.
Shareholders will be asked to:
- Keep at 15 the number of directors to be elected;
- Re-elect the 15 directors whose terms expire on April 17;
- Approve the compensation of the executive officers named by the company in its proxy;
- Reappoint BKD LLP as independent auditors of the company and its subsidiaries; and
- Vote on an amendment to the First Amended and Restated First National Corporation 2015 Incentive Plan to increase the number of shares reserved for issuance from 4 million to 7.6 million and extend the term from June 30, 2025, to June 30, 2030.
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