In all three years, Klaus drew a base salary of $736,403. (I always wonder in cases like this how boards decide on $403 as opposed to rounding the number). Most of his 2009 pay was the just under $2.8 million in stock awards. He received no such awards in 2008 and $1.9 million in stock awards in 2009. Michael Pietrini, who became CFO on April 15, 2009 received $1.3 million in pay in that job. Pietrini was previously senior vice president of sales and operations for the Americas for Epicor. As CFO, he received $311,218 in salary, based on a $340,000 annual rate for base salary. In his 2008 stint as president and CEO, Kelly had $2.86 million in total compensation and got $1.1 million for his departure in 2009.
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KLAUS GETS PAY BOOST IN RETURN
George Klaus’s return to the position of CEO of Epicor produced a pay increase over his prior stint in that role. Klaus took in $3.9 million for 2009, after stepping into the CEO job again after the company parted ways with Tom Kelly on January 19 last year. Klaus, who remained as chairman, had earned $1.3 million in 2008, a year in which Kelly was CEO starting on February 19. In 2007, the returning executive had $3.1 million in total pay.
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