People: Ultimate Software Group Inc (ULTI.O)

ULTI.O on Nasdaq

22 Apr 2014
Price Change (% chg)

$-0.14 (-0.11%)
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Scherr, Scott 

Brief Biography

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.

Basic Compensation

Total Annual Compensation, USD Long-Term Incentive Plans, USD All Other, USD Fiscal Year Total, USD
700,000 -- 5,100 10,155,100

Options Compensation

  Quantity Market Value
Exercisable 587,709 7,024,460.00
Unexercisable 142,291 920,419.00
Exercised 180,000 3,324,300.00
Name Fiscal Year Total

Scott Scherr


Marc Scherr


Mitchell Dauerman


James FitzPatrick


Alois Leiter


LeRoy Vander Putten

As Of 30 Dec 2012
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