ST. LOUIS, MO--(Marketwired - March 03, 2016) - Stifel Financial Corp. (
Stifel's five executive officers are Ronald J. Kruszewski, Chairman and CEO; James M. Zemlyak, President and CFO; Victor J. Nesi, President and Co-Director of the Institutional Group; Thomas P. Mulroy, President and Co-Director of the Institutional Group; and Thomas B. Michaud, President and CEO of Keefe, Bruyette & Woods, Inc.
Mr. Kruszewski's compensation for 2015, other than his salary of $200,000, will be comprised 100% of equity. For the other executive officers, exclusive of salary, approximately 90% of their compensation will consist of equity. This contrasts with recent years in which approximately two-thirds of executive officer compensation was cash.
The 2015 executive officer equity awards were a combination of time-based and performance-based awards. This is the first year Stifel has granted performance-based awards contingent on achievement of objective goals.
Mr. Oates, the Committee Chairman, said, "The Compensation Committee believes the 2015 compensation, comprised mostly of equity, aligns senior officers' incentives with shareholders and, in the case of the performance-based awards, achievement of the firm's strategic goals."
Mr. Kruszewski said, "I enthusiastically support the decision of our Board's Compensation Committee to base 2015 compensation for me and my senior partners on time-based and performance-based equity, as each of us have confidence in Stifel's strategy."
Stifel Company Information
Stifel Financial Corp. (
Contact Information:
Stifel Investor Relations Contact
Sarah Anderson
(415) 364-2500
investorrelations@stifel.com