Issuer Direct Gives Pay Raises To CEO, CFO

8/8/17

By Chris Roush, NC BIZ News

The top two executives of Morrisville-based Issuer Direct Corp. received salary increases on May 1, according to a filing with the Securities and Exchange Commission.

Chief Executive Officer Brian Balbirnie’s base salary increased 8.1 percent to $200,000 from $185,000 on May 1, while Chief Financial Officer Steven Knerr’s base salary was raised 9.3 percent to $165,000 from $151,000 on the same date, according to the filing.

Balbirnie received total compensation of $278,883 in 2016, which included his $185,000 base salary and a bonus of $93,883, up 50.7 percent from his $185,000 in compensation in 2015. He did not receive a bonus in 2015.

Knerr received total compensation of $210,601 in 2016, down from total compensation of $281,777 in 2015. He received stock and option awards in 2015 that he did not receive in 2016.

Morrisville-based Issuer Direct provides disclosure management solutions and cloud compliance technologies. Its 2,000 public and private company customers include AFLAC and Lincoln Financial.

Issuer Direct’s shares fell 5 cents to $12.45 in Tuesday afternoon trading.

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