People: Ultimate Software Group Inc (ULTI.O)
ULTI.O on Nasdaq
114.90USD
2:38pm EDT
114.90USD
2:38pm EDT
Price Change (% chg)
$-0.89 (-0.77%)
$-0.89 (-0.77%)
Prev Close
$115.79
$115.79
Open
$115.12
$115.12
Day's High
$115.98
$115.98
Day's Low
$114.72
$114.72
Volume
43,122
43,122
Avg. Vol
195,053
195,053
52-wk High
$116.67
$116.67
52-wk Low
$73.58
$73.58
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Scott Scherr |
60 | 1996 | Chairman of the Board, President, Chief Executive Officer |
Marc Scherr |
55 | 2003 | Vice Chairman of the Board, Chief Operating Officer |
Mitchell Dauerman |
56 | 1998 | Chief Financial Officer, Executive Vice President, Treasurer |
James FitzPatrick |
63 | 2000 | Independent Director |
Alois Leiter |
47 | 2006 | Independent Director |
LeRoy Vander Putten |
78 | 1997 | Independent Director |
Rick Wilber |
66 | 2002 | Independent Director |
Robert Yanover |
76 | 1997 | Independent Director |
Biographies
| Name | Description |
|---|---|
Scott Scherr |
Mr. Scott S. Scherr is Chairman of the Board, President, Chief Executive Officer of Ultimate Software Group Inc. Mr. Scherr is also a member of the Executive Committee of the Board. In 1990, Mr. Scherr founded The Ultimate Software Group, Ltd. (the “Partnership”), the business and operations of which were assumed by Ultimate in 1998. Mr. Scherr served as President of the Partnership's general partner from the inception of the Partnership until its dissolution in March 1998. From 1979 until 1990, he held various positions at Automatic Data Processing, Inc. (“ADP”), a payroll services company, where his titles included Vice President of Operations and Sales Executive. Prior to joining ADP, Mr. Scherr operated Management Statistics, Inc., a data processing service bureau founded. |
Marc Scherr |
Mr. Marc D. Scherr is Vice Chairman of the Board, Chief Operating Officer of Ultimate Software Group Inc. Marc D. Scherr has been a director of Ultimate since its inception in April 1996 and has served as Vice Chairman since July 1998 and as Chief Operating Officer since October 2003. Mr. Scherr is also a member of the Executive Committee of the Board. Mr. Scherr became an executive officer of Ultimate effective March 1, 2000. Mr. Scherr served as a director of Gerschel & Co., Inc., a private investment firm from January 1992 until March 2000. In December 1995, Mr. Scherr co-founded Residential Company of America, Ltd. (“RCA”), a real estate firm, and served as President of its general partner until March 2000. Mr. Scherr also served as Vice President of RCA’s general partner from its inception in August 1993 until December 1995. From 1990 to 1992, Mr. Scherr was a real estate pension fund advisor at Aldrich, Eastman & Waltch. Previously, he was a partner in the Boston law firm of Fine & Ambrogne. |
Mitchell Dauerman |
Mr. Mitchell K. Dauerman is Chief Financial Officer, Executive Vice President, Treasurer of Ultimate Software Group Inc. Mitchell K. Dauerman has served as Executive Vice President of Ultimate since April 1998 and as Chief Financial Officer and Treasurer of Ultimate since September 1996. From 1979 to 1996, Mr. Dauerman held various positions with KPMG LLP, an accounting firm, serving as a Partner in the firm from 1988 to 1996. Mr. Dauerman is a Certified Public Accountant. |
James FitzPatrick |
Mr. James A. FitzPatrick Jr., is Independent Director of Ultimate Software Group Inc. Mr. FitzPatrick is, and since June 2012 has been, a partner in the law firm Hogan Lovells US LLP. Mr. FitzPatrick was a partner in the law firm Dewey & LeBoeuf LLP and its predecessor firms from January 1983 until May 2012 and was an associate from September 1974 until January 1983. Mr. FitzPatrick brings to the Board his longstanding experience as a practicing attorney, including experience with corporate governance, contractual matters, private and public capital raising, purchase and sale of assets and mergers and acquisitions. Mr. FitzPatrick’s knowledge of corporate and securities laws and corporate governance facilitates the Board’s oversight responsibilities concerning such areas. |
Alois Leiter |
Mr. Alois T. Leiter is Independent Director of Ultimate Software Group Inc. Mr. Leiter was a three-time Major League Baseball World Champion and two-time All-Star pitcher formerly with the New York Yankees, New York Mets, Toronto Blue Jays, and Florida Marlins, and has been an official spokesperson for Ultimate since 2002. Mr. Leiter has served as a television commentator for the Yankees Entertainment and Sports Network since 2006 and as an analyst with MLB Network since January 2009. He has served on the Executive Committee of New York City's official tourism marketing organization, NYC & Company, since 2000 and is a member of the Board of Directors of America's Camp, a legacy organization of the Twin Towers Fund, on which he also served as a board member. |
LeRoy Vander Putten |
Mr. LeRoy A. Vander Putten is Independent Director of Ultimate Software Group Inc. Mr. Vander Putten is a retired insurance company executive. He served as the Executive Chairman of The Insurance Center, Inc., a holding company for 14 insurance agencies, from October 2001 to January 27, 2006. Previously, he served as the Chairman of CORE Insurance Holdings, Inc., a member of the GE Global Insurance Group, engaged in the underwriting of casualty reinsurance, from August 2000 to August 2001. From April 1998 to August 2000, he served as Chairman of Trade Resources International Holdings, Ltd., a corporation engaged in trade finance for exporters from developing countries. From January 1988 until May 1997, Mr. Vander Putten was Chairman and Chief Executive Officer of Executive Risk Inc., a specialty insurance holding company. From August 1982 to January 1988, Mr. Vander Putten served as Vice President and deputy Treasurer of The Aetna Life and Casualty Company, an insurance company. |
Rick Wilber |
Mr. Rick A. Wilber is Independent Director of Ultimate Software Group Inc. Mr. Wilber formerly served on Ultimate’s Board from October 1997 through May 2000. Mr. Wilber has served as a director of Vanguard Energy Corporation, an oil and gas company, since June 2010. Mr. Wilber has served as a director of Synergy Resource Corporation, an oil and gas exploration company, since October 2008. Mr. Wilber was the President of Lynn's Hallmark Cards from 1995 until April 2013. Mr. Wilber was a co-founder of Champs Sports Shops and served as its President from 1974 to 1984. He served on the Board of Royce Laboratories, a pharmaceutical concern, from 1990 until April 1997, when Royce was sold to Watson Pharmaceuticals, Inc., a pharmaceutical concern. |
Robert Yanover |
Mr. Robert A. Yanover is Independent Director of Ultimate Software Group Inc. Mr. Yanover founded Computer Leasing Corporation of Michigan, a private leasing company, in 1975 and served as its President from its founding until 2007, at which time Mr. Yanover retired. Mr. Yanover also founded Lason, Inc., a corporation specializing in the imaging business, and served as Chairman of the Board from its inception in 1987 until 1998 and as a director through February 2001. Mr. Yanover brings to the Board his experience and business and leadership skills, having served as president and chairman of public and private companies for over 30 years. In addition, having served as a director of Ultimate for the past 15 years, Mr. Yanover brings to the Board deep institutional knowledge, including a well developed understanding of Ultimate’s business operations and the fundamentals essential to its business model. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Scott Scherr |
10,155,100 |
Marc Scherr |
7,717,600 |
Mitchell Dauerman |
4,260,100 |
James FitzPatrick |
-- |
Alois Leiter |
-- |
LeRoy Vander Putten |
-- |
Rick Wilber |
-- |
Robert Yanover |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Scott Scherr |
910,000 | 11,269,179 |
Marc Scherr |
740,952 | 14,213,055 |
Mitchell Dauerman |
302,551 | 6,084,448 |
James FitzPatrick |
0 | 0 |
Alois Leiter |
0 | 0 |
LeRoy Vander Putten |
0 | 0 |
Rick Wilber |
0 | 0 |
Robert Yanover |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
FITZPATRICK JAMES A JR |
3,299 | $109.51 |
WILBER RICK A |
863 | $0.00 |
FITZPATRICK JAMES A JR |
863 | $0.00 |
VANDER PUTTEN LEROY A |
2,291 | $0.00 |
FITZPATRICK JAMES A JR |
1,666 | $0.00 |
LEITER ALOIS T |
863 | $0.00 |
YANOVER ROBERT A |
1,331 | $0.00 |
WILBER RICK A |
1,666 | $0.00 |
VANDER PUTTEN LEROY A |
1,331 | $0.00 |
LEITER ALOIS T |
1,666 | $0.00 |
YANOVER ROBERT A |
2,291 | $0.00 |
FITZPATRICK JAMES A JR |
1,633 | $1.58 |
SCHERR MARC D |
25,000 | $13.05 |
DAUERMAN MITCHELL K |
3,484 | $109.88 |
VANDER PUTTEN LEROY A |
4,000 | $108.21 |
DAUERMAN MITCHELL K |
13,716 | $108.56 |
SCHERR MARC D |
17,500 | $108.35 |
DAUERMAN MITCHELL K |
17,200 | $13.05 |
SCHERR MARC D |
7,500 | $109.84 |
YANOVER ROBERT A |
2,893 | $1.19 |
VANDER PUTTEN LEROY A |
500 | $0.00 |
LEITER ALOIS T |
880 | $0.00 |
YANOVER ROBERT A |
1,348 | $0.00 |
WILBER RICK A |
880 | $0.00 |
VANDER PUTTEN LEROY A |
2,100 | $96.96 |
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