John Roberts III, CEO of J.B. Hunt Transport Services Inc.
John Roberts III, president and CEO of J.B. Hunt Transport Services Inc. of Lowell, saw his annual compensation decline last year.
Roberts’ total compensation was $859,252 in 2017, a decrease from the $5.5 million he earned in 2016, according to a proxy statement the company filed with the U.S. Securities & Exchange Commission.
Roberts’ annual salary was $833,865, an increase from $807,747 in 2016.
But the company’s compensation committee moved the timing of annual stock awards to January and none were granted in 2017. Roberts’ stock amount for 2016 was $4.6 million.
He also didn’t receive a bonus in 2017, though his bonus for 2016 was $96,000.
For fiscal year 2017, J.B. Hunt reported revenue of $7.2 billion, an increase from $6.6 billion in 2016. Income for 2017 was $686 million, up from $432 million in 2016.
Other named executives and their compensation:
- David Mee, executive vice president and CFO, earned $507,143 that included salary of $488,154, $18,989 in other compensation, no stock awards and no incentives. In 2016, Mee’s salary was $480,660, and his total compensation was $2.46 million.
- Shelley Simpson, executive vice president, chief commercial officer and president of Highway Services, earned $504,973, which included salary of $485,000, $19,973 in other compensation, no stock awards and no incentives. Simpson’s salary in 2016 was $476,923, and her total compensation was $2.2 million.
- Nicholas Hobbs, executive vice president and president of Dedicated Contract Services, earned $493,788 in total compensation, including salary of $475,000, $18,788 in other compensation, no stock awards and no incentives. In 2016, Hobbs’ salary was $454,808 and his total compensation was $2.2 million.
- Terrence Matthews, executive vice president and president of the Intermodal Division, earned $509,960 in 2017, which included salary of $490,202, $19,758 in other compensation, no stock awards and no incentives. Matthews’ salary in 2016 was $478,819 and his total compensation was $1.3 million.
Chairman of the Board Kirk Thompson was paid $355,610 in 2017, of which $350,000 was salary. His 2016 salary was $350,000.
The company announced its annual shareholders meeting will be 10 a.m. April 19 at its corporate headquarters in Lowell.
The agenda includes:
- The re-election of its 10-member board of directors;
- Reappointing Ernst & Young LLP as outside auditors;
- A shareholder’s proposal submitted by the International Brotherhood of Teamsters for the company to report political contributions; and
- A stockholder’s proposal to adopt company-wide, quantitative, science-based targets to reduce greenhouse gas emissions and to report on the company’s plans and progress towards achieving these targets.
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