Tuesday, March 28, 2006

YRC Chairman Zollars' pay declines in 2005

YRC Worldwide Inc. paid Chairman Bill Zollars a base salary of $956,250 and a bonus of $936,169 in 2005, according to a filing Tuesday with the Securities and Exchange Commission.

Zollars received a 6 percent raise in his base salary in 2005 compared with his base salary of $900,000 in 2004, the Overland Park-based company (Nasdaq: YRCW) said in its annual proxy filing with the SEC. His bonus in 2005, however, was 48 percent less than his $1.8 million bonus in 2004, according to the filing.

Zollars' total compensation, including long-term incentive payouts, was $6.18 million in 2005, down 6 percent from $6.57 million in 2004, the filing said.

Other company executives' 2005 compensation:

Donald Barger Jr., senior vice president and CFO of YRC Worldwide -- base salary of $422,500, up 5.6 percent from $400,000 in 2004; bonus of $227,495, down 48 percent from $440,000 in 2004.
Michael Smid, president and CEO of Roadway Express -- base salary of $391,652, up 17 percent from $335,000 in 2004; bonus of $210,831, down 43 percent from $368,500 in 2004.
James Staley, president and CEO of YRC Regional Transportation -- base salary of $518,750, up 5 percent from $494,230 in 2004; bonus of $480,881, down 48 percent from $921,245 in 2004.
James Welch, president and CEO of Yellow Transportation -- base salary of $456,250, up 10 percent from $415,000 in 2004; bonus of $259,971, down 31 percent from $378,895 in 2004.

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