CEO pay watch: Fair Isaac's Lansing: $1.4 million
- January 7, 2013 - 8:54 PM
FAIR ISAAC CORP. (FICO)William Lansing, CEO
Total compensation: $1,389,719 for the year ended Sept. 30, 2012
Salary: $430,961 Bonus: $450,000 Other compensation: $35,246
Exercised stock options: $473,512 New stock options: 150,000
Total return to shareholders in fiscal 2012: 103.5 percent
Note: Lansing was named president and CEO of Fair Isaac on Jan 27, 2012, replacing Mark Greene. Last week the pioneering credit scoring company announced it is moving its headquarters from Minneapolis to San Jose, Calif. The company already has listed San Jose as its headquarters on the proxy statement it filed with the Securities and Exchange Commission on Monday.
The headquarters move is a homecoming of sorts for the company that was founded in 1956 by Bill Fair and Earl Isaac in Menlo Park, Calif., 20 miles northwest of San Jose.
Lansing's total compensation for the year includes a $450,000 bonus that was part of his employment agreement, but does not include the value of 150,000 options and as much as 150,000 in restricted stock and performance stock awards that were valued at $1.7 million and $3.6 million, respectively.
Lansing's salary in 2012 was for a partial year. According to his employment agreement his annual salary will be $650,000. The agreement also provides that the company will reimburse Lansing up to $25,000 in advisory fees related to his employment offer and reimburse him annually up to $25,000 for financial planning, tax preparation or accounting needs.
© 2014 Star Tribune