Interactive Intelligence Inc. CEO Donald Brown saw his total compensation rise 32.4 percent in 2009, to $1.03 million, according to the company’s annual proxy statement.
Chief Financial Officer Stephen Head, whose cash bonus—like Brown’s—was tied to the software-maker’s overall performance, had a 20 percent pay increase. But the rest of Brown’s management team, whose performance-based bonuses were tied to the profitability of their direct areas of responsibility, saw their pay remain flat or fall.
Brown, 54, an Interactive Intelligence co-founder, has been president since its inception, CEO since 1995 and chairman since 1998. He earned $252,752 more than in 2008, according to the firm’s proxy, which it filed with the Securities and Exchange Commission this month.
Interactive Intelligence’s revenue grew from $121.4 million to $131.4 million last year. Meanwhile its profit increased from $4.3 million to $8.6 million. Interactive Intelligence shares soared last year, growing 169 percent to $18.45.
The majority of Brown’s pay hike came from a $500,107 cash bonus tied to the company’s overall performance. He also earned a $350,000 salary and Interactive Intelligence stock options worth $177,345. Brown had no performance bonus in 2008.
Pay for other top executives:
—CFO Head, 56, earned $616,335, up 20 percent. Head also is the company’s vice president of finance and administration, secretary and treasurer.
—Executive Vice President of Worldwide Sales Gary R. Blough, 54, earned $596,994, down 10.9 percent.
—Vice President of Customer Service Pamela J. Hynes, 48, earned $401,011, up 0.1 percent.
—Chief Marketing Officer Joseph A. Staples, 50, earned $437,501, down 1.9 percent.
IBJ uses the Associated Press formula to calculate executive pay. It gauges the value of compensation such as stock and option grants at the time they are awarded, not the time they are cashed in.
Interactive Intelligence spent $608,774 last year on board compensation for its six independent directors, 50.4 percent more than the $404,756 it spent in 2008.