Glen Tullman - Allscripts Healthcare Solutions (Nasdaq: MDRX)
Total Fiscal 2010 Compensation: $4,072,270
Compensation breakdown:
- Base salary: $741,667
- Cash retention bonuses: $315,000
- Stock awards: $2,250,031
- Non-equity incentive plan compensation: $750,000
- "Other compensation" including parking expenses, life insurance premiums and company matching contributions for a 401(k) plan: $15,572
The skinny: Tullman's $4 million compensation package for fiscal year 2010, which ended May 31, was about 6.5 percent of Allscripts' net income of $62.9 million, according to the 2010 annual report. Tullman and four other top executives received cash retention bonuses in fiscal 2010, as called for by the company's 2008 merger with Misys Healthcare Systems. Due to that merger, Allscripts changed its fiscal year end from Dec. 31 in 2009, and Tullman took just $697,872 in compensation during that truncated reporting period, representing the first five months of 2009.
Allscripts merged with Eclipsys--another publicly traded EMR and health IT company--on Sept. 1, 2010. Tullman is in line for performance-based retention bonuses in cash and shares at various intervals through Sept. 30, 2012, according to a filing with the Securities and Exchange Commission.
Related Articles:
Allscripts boss, D.C. reporter say GOP unlikely to roll back HITECH
Allscripts, Eclipsys complete $1.2 billion merger
Allscripts' CEO pushed for meaningful use




Comments