We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Park National Corp | AMEX:PRK | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 136.40 | 0 | 01:00:00 |
Date of Report (Date of earliest event reported)
|
December 4, 2017
|
Park National Corporation
|
(Exact name of registrant as specified in its charter)
|
Ohio
|
1-13006
|
31-1179518
|
(State or other jurisdiction
|
(Commission
|
(IRS Employer
|
of incorporation)
|
File Number)
|
Identification No.)
|
50 North Third Street, P.O. Box 3500, Newark, Ohio
|
43058-3500
|
(Address of principal executive offices)
|
(Zip Code)
|
(740) 349-8451
|
(Registrant’s telephone number, including area code)
|
|
Not Applicable
|
(Former name or former address, if changed since last report.)
|
|
r
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
r
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
r
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
r
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
(a)
|
Not applicable
|
(b)
|
Not applicable
|
(c)
|
Not applicable
|
(d)
|
Not applicable
|
(e)
|
The Compensation Committee of the Board of Directors (the "Compensation Committee") of Park National Corporation (“Park”) met on December 4, 2017 to determine the 2018 base salary (the “2018 Base Salary”) for each of Park’s executive officers, the incentive compensation for the twelve-month period ended September 30, 2017 (the "2017 Incentive Compensation") to be paid to each of Park’s executive officers and equity-based awards to be granted to Park's executive officers effective on January 1, 2018. In determining both base salary and incentive compensation, the Compensation Committee considers, as one of the relavent factors, Park’s performance relative to its peer bank holding companies, measured in each case by the return on average equity for the twelve-month period ended September 30, 2017. The 2018 Base Salary is effective January 1, 2018 and the 2017 Incentive Compensation is expected to be paid in March 2018.
|
|
The following schedule shows the 2018 Base Salary and the 2017 Incentive Compensation for each of Park's executive officers:
|
Name
|
2017 Base Salary
|
2018 Base Salary
|
2017 Incentive Compensation
|
C. Daniel DeLawder
1
|
$575,000
|
$575,000
|
$212,000
|
David L. Trautman
2
|
$785,000
|
$785,000
|
$259,000
|
Brady T. Burt
3
|
$350,000
|
$350,000
|
$148,500
|
Name and Position
|
Target Award
|
Maximum Award
|
C. Daniel DeLawder
Chairman of the Board of Park; Chairman of the Board and executive employee of PNB
|
1,500 PBRSUs
|
2,250 PBRSUs
|
David L. Trautman
President and Chief Executive Officer of each Park and PNB
|
1,875 PBRSUs
|
2,813 PBRSUs
|
Brady T. Burt
Chief Financial Officer, Secretary and Treasurer of Park; Senior Vice President and Chief Financial Officer of PNB
|
1,310 PBRSUs
|
1,965 PBRSUs
|
|
PARK NATIONAL CORPORATION
|
|
|
|
|
|
|
|
Dated: December 05, 2017
|
By:
|
/s/ Brady T. Burt
|
|
|
Brady T. Burt
Chief Financial Officer, Secretary and Treasurer
|
1 Year Park National Chart |
1 Month Park National Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions