CEO Salaries

June 14, 2013 Updated Jun 14, 2013 at 8:20 AM EDT

By Dan Miner, Reporter- Business First


CEO Salaries

June 14, 2013 Updated Jun 14, 2013 at 8:20 AM EDT

Timothy Tevens, president and chief executive officer at Columbus McKinnon Corp., earned $2.42 million in the company's 2012-13 fiscal year, according to the company's annual proxy statement, filed June 12.

That represents a slight drop from the previous year's figure, $2.49 million, due mainly to a drop in stock awards.

The 2012-13 compensation for other executives includes: Gene Buer, vice president, North American and global vertical markets, $722,713; Ivo Celi, vice president, EMEA, $580,130; Gregory Rustowicz, vice president, finance and chief financial officer, $1.03 million; Eric Woon, vice president, APAC, $753,091.

The company's annual shareholder meeting is scheduled for June 22 at its headquarters on John James Audubon Parkway in Amherst.

All of its current directors, who were compensated between $125,025 to $170,025 in 2012-13, are up for re-election. They include Tevens, Ernest Verebelyi, Richard Fleming, Stephen Rabinowitz, Linda Goodspeed, Nicholas Pinchuk, Liam McCarthy, Stephanie Kushner.

Columbus McKinnon (NASDAQ: CMCO) is the region's sixth-largest public company and has more than 2,500 employees, according to Business First data.

Following is a list of CEO pay for other top Western New York public companies, based on proxy statements filed in 2013.

Yakov Kogan, the chief executive officer of Cleveland BioLabs Inc., earned $668,244 in 2012. Kogan was named interim CEO in January 2012 - the interim tag was removed in June. BioLabs filed its preliminary proxy statement May 7.

Nicholas Trbovich, chairman and CEO of Servotronics, earned $702,586 in 2012. Servotronics filed its annual proxy statement on May 1.

Thomas Hook, president and CEO at Greatbatch Inc. - which moved its corporate headquarters from Western New York to Texas in 2012 - earned $3.58 million in 2012. Greatbatch still has a large footprint in both Clarence and Alden. The company filed its annual proxy statement April 18.

Daniel Reininga, president and CEO of Lake Shore Bancorp. Inc., earned $311,282 in 2012. Lake Shore filed its annual proxy statement April 10.

Ronald Frankel, president and CEO at Synacor Inc., earned $1.4 million in 2012. Synacor filed its annual proxy statement April 5.

David Rogers, CEO of Sovran Self Storage, earned $1.22 million in 2012. Sovran filed its proxy April 5.

Brian Lipke, CEO of Gibraltar Industries and chairman of its board, earned $2.09 million in 2012. Gibraltar filed its proxy statement April 2.

Peter Humphrey, Financial Institutions' recently retired chief executive, earned $1.2 million in 2012. The corporation, which is the parent company of Five Star Bank, filed its proxy statement March 29.

James Boltdt, chairman, president and chief executive officer at Computer Task Group, Inc., earned $2.24 million in 2012. The Buffalo-based IT company released its proxy statement March 27.

Allen Grum, president and CEO of Rand Capital Corp., earned $392,120 in 2012. Rand filed its annual proxy statement in March.

David Nasca, president and CEO of Evans Bancorp., earned $581,255 in 2012. Evans proxy was filed in March.

Peter Gundermann, president and CEO of Astronics Corp., earned $1.66 million in 2012. Astronics filed its proxy in March.

John Koelmel, former president and CEO of First Niagara Bank, received $3.8 million in 2012. First Niagara's annual proxy was released in March.

Robert Wilmers, board chairman and CEO of M&T Bank, earned $3.4 million in 2012. M&T's annual proxy was released in March.

David Smith, former National Fuel CEO, earned $4.28 million in 2012. Smith has since been replaced as CEO with Ronald Tanski National Fuel's annual proxy statement was filed in January.

Staff writer Allissa Kline contributed to this report.