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W W W. M A I N E B I Z . B I Z 91 BO O K O F L I S T S 2 0 1 9 S A L A R I E S 1 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation and change in pension value and nonqualified deferred compensation earn- ings, where applicable. 2 Effective for 2018 filings, and pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, companies are required to disclose the pay ratio of the CEO to median employee. 3 All other annual compensation includes items such as relocation expenses, car allowances, life insurance, matched 401(k) plans and other retirement plans. 4 Fiscal year ended June 30, 2017; companies were not required to disclose the CEO pay ratio for filings during 2017. This list was compiled by Stephanie R. Meagher and published in the Aug. 6, 2018 issue of Mainebiz. N O T E S : N/A: Not applicable. According to the U.S. Securities & Exchange Commission, public companies must report compensation paid to their CEO and four other highest-paid officers. Gener- ally, companies are not required to report salaries of employees earning less than $100,000 per year. Some executives may no longer be in the same position or at the company. S O U R C E : U.S. Securities & Exchange Commission company proxy statements (14A), annual reports and company websites Innovate. Accelerate. Transform. FINANCE STRATEGY OPERATIONS 770 Congress Street Portland, Maine 04102 O: 207-619-1899 | www.opuscg.com A cross-functional team of performance consultants advising businesses in New England and beyond. 10 Richard Wayne, president & CEO Northeast Bancorp 500 Canal St., Lewiston 04240 786-3245, northeastbank.com $1,665,606 N/A 4 $600,000 $728,000 $12,606 $67.6 Financial services 11 Jacqueline L. Studer, VP, general counsel & secretary IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $1,319,987 121:1 $55,202 $385,154 $149,954 $22,554 $1,969.1 Biotechnology 12 Giovani Twigge, EVP & chief human resources officer IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $1,307,628 121:1 $55,202 $379,308 $149,954 $20,041 $1,969.1 Biotechnology 13 Curtis Simard, president & CEO of Bankshares and Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, bhbt.com $1,203,034 26:1 $46,610 $525,000 $350,369 $28,415 $142.1 Financial services 14 William J. McIver, EVP & regional president for N.H. & Vt. Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, bhbt.com $939,998 26:1 $46,610 $300,000 $218,532 $29,377 $142.1 Financial services 15 Tony C. McKim, president & CEO The First Bancorp Inc. 223 Main St., Damariscotta 04543 563-3195, thefirstbancorp.com $735,938 15:1 $45,237 $475,000 $95,000 $16,080 $73.4 Financial services 1 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation and change in pension value and nonqualified deferred compensation earnings, where applicable. 2 Effective for 2018 filings, and pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, companies are required to disclose the pay ratio of the CEO to median employee. 3 All other annual compensation includes items such as relocation expenses, car allowances, life insurance, matched 401(k) plans and other retirement plans. 4 Fiscal year ended June 30, 2017; companies were not required to disclose the CEO pay ratio for filings during 2017. N/A: Not applicable. According to the U.S. Securities & Exchange Commission, public companies must report compensation paid to their CEO and four other highest-paid officers. Generally, companies are not required to report salaries of employees earning less than $100,000 per year. Some executives may no longer be in the same position or at the company. This list was compiled by Stephanie R. Meagher and published in the Aug. 6, 2018 issue of Mainebiz. SOURCE: U.S. Securities & Exchange Commission company proxy statements (14A), annual reports and company websites Maine's highest-paid public company executives Ranked by total annual compensation, 2017 Total annual compensation 1 CEO pay ratio/ 2 median employee Salary Stock awards All other annual compensation 3 Organization's revenue (in millions) Industry 1 Melissa Smith, president & CEO WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, wexinc.com $10,847,606 173:1 $62,621 $700,000 $3,046,384 $85,574 $1,250.5 Payment solutions 2 Jonathan Ayers, president & CEO IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $6,665,351 121:1 $55,202 $800,000 $0 $22,225 $1,969.1 Biotechnology 3 Roberto Simon, CFO WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, wexinc.com $5,186,511 173:1 $62,621 $500,000 $1,345,879 $39,036 $1,250.5 Payment solutions 4 Scott Phillips, president, Global Fleet WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, wexinc.com $5,184,248 173:1 $62,621 $405,769 $799,929 $23,346 $1,250.5 Payment solutions 5 Kenneth W. Janosick, COO & chief portfolio risk manager WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, wexinc.com $3,745,043 173:1 $62,621 $358,846 $941,192 $14,192 $1,250.5 Payment solutions 6 Jeffrey Young, president, Health WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, wexinc.com $2,979,571 173:1 $62,621 $450,000 $456,323 $13,500 $1,250.5 Payment solutions 7 Brian McKeon, EVP, CFO & treasurer IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $2,422,971 121:1 $55,202 $549,538 $324,972 $15,951 $1,969.1 Biotechnology 8 Jay Mazelsky, EVP IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $2,269,833 121:1 $55,202 $469,462 $324,972 $22,889 $1,969.1 Biotechnology 9 Gregory Dufour, president & CEO Camden National Corp. 2 Elm St., Camden 04843 236-8821, camdennational.com $2,040,023 47:1 $43,313 $569,615 $315,797 $48,241 $174.7 Financial services 10 Richard Wayne, president & CEO Northeast Bancorp 500 Canal St., Lewiston 04240 786-3245, northeastbank.com $1,665,606 N/A 4 $600,000 $728,000 $12,606 $67.6 Financial services 11 Jacqueline L. Studer, VP, general counsel & secretary IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $1,319,987 121:1 $55,202 $385,154 $149,954 $22,554 $1,969.1 Biotechnology 12 Giovani Twigge, EVP & chief human resources officer IDEXX Laboratories Inc. 1 IDEXX Drive, Westbrook 04092 556-0300, idexx.com $1,307,628 121:1 $55,202 $379,308 $149,954 $20,041 $1,969.1 Biotechnology 13 Curtis Simard, president & CEO of Bankshares and Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, bhbt.com $1,203,034 26:1 $46,610 $525,000 $350,369 $28,415 $142.1 Financial services CEO pay ratio/ 1 median employee All other annual compensation 3