Issue link: https://nebusinessmedia.uberflip.com/i/1437114
V O L . X X V I I N O. X X V I I I 88 BO O K O F L I S T S 2 0 2 2 S A L A R I E S 1 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation, 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. This list was compiled by Timothy Doyle and was originally published in the August 9th edittion of Mainebiz. N O T E S : 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 Maine's highest-paid public company executives Ranked by total annual compensation, 2020 Maine's highest-paid public company executives Ranked by total annual compensation, 2020 Total annual compensation 1 CEO pay ratio/ 2 median employee Salary/ Non-equity incentive plan Stock awards/ Option awards All other compensation 3 Organization's revenue (in millions) Industry 1 Melissa Smith , chair & CEO WEX Inc. $20,110,653 350:1 $57,484 $725,577 $1,242,780 $16,523,075 $1,499,996 $93,400 $1,559.9 Payment solutions 2 Roberto Simon , CFO WEX Inc. $7,399,736 350:1 $57,484 $491,539 $612,466 $5,827,425 $400,013 $68,293 $1,559.9 Payment solutions 3 Jonathan J. Mazelsky , president & CEO IDEXX Laboratories Inc. $7,038,175 106:1 $66,182 $814,039 $1,700,000 $1,125,087 $3,375,000 $24,049 $2,706.7 Biotechnology 4 Scott Phillips , president, Global Fleet WEX Inc. $6,283,819 350:1 $57,484 $461,298 $465,975 $4,959,480 $340,007 $57,059 $1,559.9 Payment solutions 5 Robert Deshales , president, health WEX Inc. $4,511,225 350:1 $57,484 $412,740 $346,800 $3,482,563 $240,022 $29,100 $1,559.9 Payment solutions 6 Benjamin Wolin , president & CEO Covetrus Inc. $4,490,990 100:1 $44,910 $897,500 $1,082,621 $2,500,000 N/A $10,869 $4,339.0 Animal-health technology 7 Joel Dearborn , president, corporate payments WEX Inc. $4,332,637 350:1 $57,484 $388,462 $291,000 $3,357,734 $260,012 $35,429 $1,559.9 Payment solutions 8 Michael Ellis , EVP & president, Europe Covetrus Inc. $4,168,015 100:1 $44,910 $515,625 $737,480 $2,850,000 N/A $64,910 $4,339.0 Animal-health technology 9 Georgina Wraight , EVP & president, global technology solutions Covetrus Inc. $3,853,786 100:1 $44,910 $514,567 $463,073 $2,850,000 N/A $26,146 $4,339.0 Animal-health technology 10 Dustin Finer , chief administrative officer Covetrus Inc. $3,731,223 100:1 $44,910 $449,077 $404,137 $2,750,000 N/A $128,009 $4,339.0 Animal-health technology 11 Brian McKeon , EVP, CFO & treasurer IDEXX Laboratories Inc. $3,350,185 106:1 $66,182 $597,202 $732,000 $499,878 $1,500,047 $21,058 $2,706.7 Biotechnology 12 Gregory Dufour , president & CEO Camden National Corp. $3,088,311 58:1 $53,478 $619,500 $301,344 $348,204 N/A $102,818 $183.0 Financial services 13 Matthew Foulston , EVP & CFO Covetrus Inc. $2,879,573 100:1 $44,910 $326,827 $295,373 $2,250,000 N/A $7,373 $4,339.0 Animal health 14 James Polewaczyk , IDEXX Laboratories Inc. $2,105,700 N/A $486,461 $600,000 $250,083 $749,981 $19,175 $2,706.7 Biotechnology 15 Michael Lane , IDEXX Laboratories Inc. $1,909,005 N/A $485,539 $600,000 $200,125 $600,002 $23,339 $2,706.7 Biotechnology 1 Total annual compensation includes salary, bonus, stock and option awards, non-equity incentive plan compensation, 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. NOTES: Some executives may no longer be in the same position or at the company. This list was compiled by Timothy Doyle and was originally published in the August 9th edittion of Mainebiz. SOURCE: U.S. Securities & Exchange Commission company proxy statements (14A), annual reports and company websites