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People: Ultimate Software Group Inc (ULTI.O)

ULTI.O on Nasdaq

22 Mar 2017
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$1.24 (+0.65%)
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Scherr, Scott 

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.

Basic Compensation

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

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Scott Scherr


Marc Scherr


Mitchell Dauerman


Adam Rogers


Robert Manne


Jody Kaminsky

As Of  30 Dec 2015