People: Ultimate Software Group Inc (ULTI.O)
22 Sep 2017
Mr. Scott S. Scherr serves as Chairman of the Board, President, Chief Executive Officer of the company. Mr. Scherr has been Chairman of the Board and Chief Executive Officer of Ultimate since September 1996. 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 by his late father, Reuben Scherr, in 1959. He is the brother of Marc Scherr, the Vice Chairman of the Board and Chief Operating Officer of Ultimate, and the father-in-law of Adam Rogers, Senior Vice President and Chief Technology Officer. Mr. Scherr shares a household with Vivian Maza, our Chief People Officer and Secretary.
|Total Annual Compensation, USD||700,000|
|Restricted Stock Awards, USD||24,321,600|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||7,200|
|Fiscal Year Total, USD||25,028,800|