Entegra CEO Plemens Sees 62 Percent Decrease in Compensation for 2016

4/9/17

By Evanne Timberlake, NC BIZ News

The president and chief executive officer of Entegra Financial Corp. saw a 62.2 percent decrease in total compensation to $457,814 in 2016, according to the proxy filed with the Securities and Exchange Commission.

Roger Plemens’ total compensation in 2015 was $1.2 million.

Plemens’ base salary increased to $360,000 in 2016, up 3.4 percent from $348,000 in 2015. His 2016 total compensation was drastically lower than the year prior because of $548,153 stock awards and $238,567 option awards he received in 2015.

The executive vice president and chief operating officer, Ryan Scaggs, saw a 56 percent decrease to $267,231 for 2016. Scaggs’ total compensation for 2015 was $607,439.

Scaggs also saw a slight increase in base salary for 2016, going from $201,000 for 2015 to $209,000 for 2016, but he received $250,425 in stock awards and $108,990 in stock options for 2015.

All other executives saw decreases in total compensation for 2016.

Entegra was founded in 1922 and today operates 15 full-service branches and two loan production offices in North Carolina and upstate South Carolina.

The company’s stock closed at $24.25 per share on Friday.

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