People: Ultimate Software Group Inc (ULTI.O)
22 Mar 2017
Mr. Scott S. Scherr serves as Chairman of the Board, President, Chief Executive Officer of the company. Mr. Scherr is also a member of the Executive Committee of the Board of Directors (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 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 father, Reuben Scherr, in 1959. He is the brother of Marc Scherr, the Vice Chairman of the Board of Ultimate and the father-in-law of Adam Rogers, Senior Vice President, Chief Technology Officer.
|Total Annual Compensation, USD||886,987|
|Restricted Stock Awards, USD||37,449,700|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||6,300|
|Fiscal Year Total, USD||38,343,000|