George Gleason Pay Rises to $6.9M


George Gleason Pay Rises to $6.9M
George Gleason (Jason Burt)

George Gleason, 64, chairman and chief executive officer of Little Rock's Bank of the Ozarks, received total compensation of nearly $6.9 million during 2017.

Gleason was again the highest paid executive at the $21.3 billion-asset company. The compensation information was included in the company's proxy statement, released Thursday afternoon. The company also announced plans to change its name this summer to Bank OZK.

Gleason's compensation included a $1 million salary and $749,515 in option awards. His total compensation in 2016 was $6.3 million.

The second-highest paid executive last year was Dan Thomas, former chief lending officer and president of the company's Real Estate Specialities Group. Thomas resigned from the company in July. He'd led the successful division since 2005 and had been with the company for 14 years.

Thomas earned total compensation of $3.8 million in 2017, which included a partial-year salary of $684,615. His total compensation in 2016 was $4.7 million.

Other named executives and their compensation:

  • Greg McKinney, chief financial officer and chief accounting officer, earned $2.2 million, including a salary of $617,307. That's up from total compensation of nearly $2 million in 2016.
  • Tyler Vance, chief operating officer and chief banking officer, earned $2.2 million, including a salary of $617,307. That's up from total compensation of nearly $2 million in 2016.
  • Tim Hicks, chief administration officer and executive director of investor relations, joined the list of named executive officers in 2017, earning $873,172, including a salary of $419,231.
  • John Carter, director of community banking, earned $831,172, including a salary of $369,231. That's up from total compensation of $639,640 in 2016.

This year's annual shareholder meeting will take place at 8:30 a.m. on Monday, May 7, at the Capital Hotel at 111 W. Markham St. in downtown Little Rock.

Shareholders will vote to elect two new board members:

  • Jeffrey Gearhart, 53, the former executive vice president of global governance and corporate secretary of Walmart Inc. of Bentonville. Gearhart retired from Walmart on Jan. 31.
  • Christopher Orndorff, 53, the chief investment officer of Vulcan Capital, the investment arm of Vulcan Inc. of Seattle. 

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