John Roberts, CEO of Lowell-centered provider J.B. Hunt Transport Services Inc., received a 2.3% foundation salary boost in 2023, but his full payment declined by 10.7% to $8.25 million, in accordance to the company’s proxy statement.
On March 14, J.B. Hunt submitted its once-a-year proxy statement with the U.S. Securities and Exchange Commission. The proxy shows executive earnings and information and facts on the company’s once-a-year shareholders assembly at 10 a.m. April 25 at its headquarters.
In accordance to the proxy, Roberts’ wage rose to $997,692 in 2023 from $975,385 in 2022. His inventory awards improved to $7.2 million from $6.59 million, but Roberts and the other named executives in the proxy did not get incentive program (bonus) fork out in 2023. Roberts acquired $1.63 million in incentive pay back in 2022.
President Shelley Simpson been given a 19.8% wage enhance in 2023. Her base salary rose to $791,346 from $660,577 in 2022. Full payment declined by 46.5% to $4.71 million in 2023 from $8.81 million in 2022. In 2022, Simpson been given $1.05 million in incentive spend.
Chief Running Officer Nicholas Hobbs obtained a 7.6% salary maximize, increasing to $669,231 from $622,116. His overall compensation declined by 18.5% to $3.03 million from $3.72 million. In 2022, his incentive pay was $884,375.
Chief Fiscal Officer John Kuhlow gained an 11.3% salary increase. His base salary rose to $519,231 from $466,346 in 2022. His overall compensation fell by 15.6% to $2.49 million from $2.95 million. In 2022, Kuhlow acquired $672,125 in incentive pay back.
Darren Industry, president of intermodal, gained a 10.2% income maximize, soaring to $569,231 from $516,346. His full payment lowered by 16% to $2.92 million from $3.48 million. In 2022, Area acquired $742,875 in incentive pay back.
Subsequent are the proposals shareholders will vote on at the annual shareholders meeting:
- Advisory vote on executive shell out for 2023.
- Approving PricewaterhouseCoopers LLP as the company’s accounting organization for 2024.
- Selecting the board of directors.
The corporation has named 9 nominees for the board of directors who are jogging for a one-calendar year expression. Simpson is the only nominee this yr that’s yet to provide on the board. She will turn out to be firm CEO when Roberts retires on July 1, the proxy displays. Roberts is anticipated to grow to be board chairman. Other present members trying to find reelection involve Francesca Edwardson, Sharilyn Gasaway, Thad Hill, Bryan Hunt Jr., Persio Lisboa, Patrick Ottensmeyer and James Robo.
Wayne Garrison and chairman Kirk Thompson are current board associates who are not searching for reelection. When their Conditions conclusion just after the shareholders’ meeting this calendar year, they will changeover to honorary founding directors.
According to the proxy, the adhering to shareholders possess much more than 5% of the company’s stock as of Dec. 31:
- Co-founder Johnelle Hunt of Rogers, 17.8%.
- The Vanguard Group of Malvern, Pa., 9.5%.
- BlackRock Inc. of New York, 6.4%.
- T. Rowe Price tag Financial commitment Administration Inc. of Baltimore, 5.3%.
Shares of J.B. Hunt (NASDAQ: JBHT) shut Wednesday (March 27) at $195.20, up $1.49 or .77%. In the past 52 weeks, the inventory has ranged involving $164.39 and $219.51.