Issue link: https://nebusinessmedia.uberflip.com/i/617418
V O L . X X I N O. X X I X 16 BO O K O F L I S T S 2 0 16 C O R P O R AT E 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com 7 Hilary Rapkin, SVP, general counsel WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com $1,522,849 $320,192 N/A $1,006,434 $24,184 $817.6 Payment solutions 8 George Hogan, SVP, international WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com $1,505,694 $297,832 N/A $1,006,434 $21,186 $817.6 Payment solutions 9 Jay Mazelsky, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $1,318,682 $416,923 N/A $124,992 $16,073 $1,485.8 Biotechnology 10 Johnny Powers, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $1,315,920 $416,923 N/A $124,992 $13,311 $1,485.8 Biotechnology 11 Daniel Daigneault 4 , former president/CEO The First Bancorp Inc. 223 Main St., Damariscotta 04543 563-3195, www.thefirstbancorp.com $1,206,072 $425,000 $166,044 N/A $17,929 $72.1 5 Financial services 12 Gregory Dufour, president/CEO Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $1,094,946 $432,308 N/A $240,605 $23,571 $112.8 5 Financial services 13 Curtis Simard, president/CEO of Bankshares and Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $821,593 $412,500 $50,000 $154,707 $23,402 $51.6 5 Financial services 14 Gerald Shencavitz, EVP/CFO/treasurer of Bankshares and EVP/CFO/COO of Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $618,998 $255,000 N/A $87,685 $17,813 $51.6 5 Financial services 15 Richard Wayne, president/CEO Northeast Bancorp 500 Canal St., Lewiston 04240 786-3245, www.northeastbank.com $515,064 $500,000 N/A N/A $15,064 $36.6 5 Financial services 16 Deborah Jordan, EVP/CFO/COO Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $452,858 $237,884 N/A $116,817 $18,157 $112.8 5 Financial services 17 F. Stephen Ward, EVP/principal financial officer The First Bancorp Inc. 223 Main St., Damariscotta 04543 563-3195, www.thefirstbancorp.com $447,581 $240,000 $80,783 $36,000 $14,256 $72.1 5 Financial services 18 Timothy Nightingale, EVP/senior loan officer Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $432,743 $227,500 N/A $110,726 $17,717 $112.8 5 Financial services 19 Peter Greene, EVP, operations and technology Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $431,731 $193,562 N/A $70,345 $18,337 $112.8 5 Financial services 20 Claire Bean, CFO/COO Northeast Bancorp 500 Canal St., Lewiston 04240 786-3245, www.northeastbank.com $416,185 $400,000 N/A N/A $16,185 $36.6 5 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 Does not include option awards. 3 All other annual compensation includes items such as relocation expenses, car allowances, life insurance, matched 401(k) plans and other retirement plans. 4 Daigneault retired in early January 2015; Tony McKim has taken on the roles of president/CEO of The First Bancorp Inc. and CEO of its bank subsidiary. 5 Represents a sum of interest and non-interest income. 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 WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com solutions 9 Jay Mazelsky, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $1,318,682 $416,923 N/A $124,992 $16,073 $1,485.8 Biotechnology 10 Johnny Powers, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $1,315,920 $416,923 N/A $124,992 $13,311 $1,485.8 Biotechnology 11 Daniel Daigneault 4 , former president/CEO The First Bancorp Inc. 223 Main St., Damariscotta 04543 563-3195, www.thefirstbancorp.com $1,206,072 $425,000 $166,044 N/A $17,929 $72.1 5 Financial services 12 Gregory Dufour, president/CEO Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $1,094,946 $432,308 N/A $240,605 $23,571 $112.8 5 Financial services 13 Curtis Simard, president/CEO of Bankshares and Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $821,593 $412,500 $50,000 $154,707 $23,402 $51.6 5 Financial services 14 Gerald Shencavitz, EVP/CFO/treasurer of Bankshares and EVP/CFO/COO of Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $618,998 $255,000 N/A $87,685 $17,813 $51.6 5 Financial services 15 Richard Wayne, president/CEO Northeast Bancorp 500 Canal St., Lewiston 04240 786-3245, www.northeastbank.com $515,064 $500,000 N/A N/A $15,064 $36.6 5 Financial services 16 Deborah Jordan, EVP/CFO/COO Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $452,858 $237,884 N/A $116,817 $18,157 $112.8 5 Financial services 17 F. Stephen Ward, EVP/principal financial officer The First Bancorp Inc. 223 Main St., Damariscotta 04543 563-3195, www.thefirstbancorp.com $447,581 $240,000 $80,783 $36,000 $14,256 $72.1 5 Financial services 18 Timothy Nightingale, EVP/senior loan officer Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $432,743 $227,500 N/A $110,726 $17,717 $112.8 5 Financial services 19 Peter Greene, EVP, operations and technology Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $431,731 $193,562 N/A $70,345 $18,337 $112.8 5 Financial services 20 Claire Bean, CFO/COO Northeast Bancorp 500 Canal St., Lewiston 04240 786-3245, www.northeastbank.com $416,185 $400,000 N/A N/A $16,185 $36.6 5 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 Does not include option awards. 3 All other annual compensation includes items such as relocation expenses, car allowances, life insurance, matched 401(k) plans and other retirement plans. 4 Daigneault retired in early January 2015; Tony McKim has taken on the roles of president/CEO of The First Bancorp Inc. and CEO of its bank subsidiary. 5 Represents a sum of interest and non-interest income. 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 Roger Magnus and Heide Martin and published in the June 1, 2015, issue ofMainebiz SOURCE: U.S. Securities & Exchange Commission company proxy statements (14A); each company's financial statements . Maine's highest-paid public company executives Ranked by total annual compensation, 2014 Total annual compensation 1 Salary Bonus Stock awards 2 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, www.wexinc.com $4,499,803 $515,048 N/A $3,392,039 $39,957 $817.6 Payment solutions 2 Jonathan Ayers, president/CEO Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $4,325,266 $800,000 N/A $549,940 $16,709 $1,485.8 Biotechnology 3 Brian McKeon, EVP/CFO/treasurer Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $3,405,857 $496,153 N/A $975,075 $18,164 $1,485.8 Biotechnology 4 Michael Williams, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $2,179,297 $416,923 N/A $124,992 $876,688 $1,485.8 Biotechnology 5 Steven Elder, SVP/CFO WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com $1,712,152 $330,192 N/A $1,180,145 $27,764 $817.6 Payment solutions 6 Nicola Morris, SVP, corporate development WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com $1,711,148 $261,923 $100,000 $986,740 $209,401 $817.6 Payment solutions 7 Hilary Rapkin, SVP, general counsel WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com $1,522,849 $320,192 N/A $1,006,434 $24,184 $817.6 Payment solutions 8 George Hogan, SVP, international WEX Inc. 225 Gorham Road, South Portland 04106 773-8171, www.wexinc.com $1,505,694 $297,832 N/A $1,006,434 $21,186 $817.6 Payment solutions 9 Jay Mazelsky, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $1,318,682 $416,923 N/A $124,992 $16,073 $1,485.8 Biotechnology 10 Johnny Powers, EVP Idexx Laboratories Inc. 1 Idexx Drive, Westbrook 04092 556-0300, www.idexx.com $1,315,920 $416,923 N/A $124,992 $13,311 $1,485.8 Biotechnology 11 Daniel Daigneault 4 , former president/CEO The First Bancorp Inc. 223 Main St., Damariscotta 04543 563-3195, www.thefirstbancorp.com $1,206,072 $425,000 $166,044 N/A $17,929 $72.1 5 Financial services 12 Gregory Dufour, president/CEO Camden National Corp. 2 Elm St., Camden 04843 236-8821, www.camdennational.com $1,094,946 $432,308 N/A $240,605 $23,571 $112.8 5 Financial services 13 Curtis Simard, president/CEO of Bankshares and Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $821,593 $412,500 $50,000 $154,707 $23,402 $51.6 5 Financial services 14 Gerald Shencavitz, EVP/CFO/treasurer of Bankshares and EVP/CFO/COO of Bar Harbor Bank & Trust Bar Harbor Bankshares 82 Main St., Bar Harbor 04609 288-3314, www.bhbt.com $618,998 $255,000 N/A $87,685 $17,813 $51.6 5 Financial services Maine's highest-paid public company executives ยป C O N T I N U E D F R O M P A G E 1 4