Summit Financial CEO gets pay raise
Posted on July 18, 2011 at 13:43 PM EDT
Summit Financial Services Group Chairman, CEO and President Marshall T. Leeds received a significant pay raise by his company. In 2010, Leeds earned total compensation at the Boca Raton-based brokerage company (OTCBB: SFNS) of $1.54 million, including $289,406 in salary. According to a Securities and Exchange Commission filing by the company, his new agreement kicks in on Jan 1, 2012 and boosts his salary to $500,000, with yearly increases tied to the Consumer Price Index. Leeds will also earn a bonus of 10 percent of Summit Financial’s annual...
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