The charts on this page feature a breakdown of the total annual pay for the top executives at MACKINAC FINANCIAL CORP as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. MACKINAC FINANCIAL CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. MACKINAC FINANCIAL CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Paul D. Tobias
Chairman and Chief Executive Officer of the Corporation Chairman of the Bank
Total Cash $573,280 Equity $114,155 Other $18,335 Total Compensation $705,770
Kelly W. George
President of the Corporation President and Chief Executive Officer of the Bank
Total Cash $567,560 Equity $114,155 Other $26,647 Total Compensation $708,362
Jesse A. Deering
Executive Vice President and Chief Financial Officer of the Corporation and the Bank
Total Cash $355,840 Equity $60,435 Other $24,569 Total Compensation $440,844
For its 2019 fiscal year, MACKINAC FINANCIAL CORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
David R. Steinhardt Total Cash $46,650
Dennis B. Bittner Total Cash $46,150
Joseph D. Garea Total Cash $44,400
L. Brooks Patterson Total Cash $15,250
Martin Thomson Total Cash $43,400
Randolph C. Paschke Total Cash $48,650
Robert E. Mahaney Total Cash $47,650
Robert H. Orley Total Cash $44,400
Walter J. Aspatore Total Cash $54,150

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.