Blackbaud has agreed to give its new CEO Michael Giononi an annual base salary of $600,000. Gianoni, who was hired last month, also received an $870,000 bonus to help with relocation and other transition costs. The salary agreement was effective in early January. The Charleston, S.C.-based nonprofit software vendor also set an annual bonus goal targeted at 100 percent of base pay but which could range from zero to 200 percent of his annual salary. Gianoni also received a grant of Restricted Shares and Performance Share Units of Blackbaud common stock.
Microsoft CEO Satya Nadella will receive an annualized stock grant of $13.5 million for the company's fiscal year ending June 30, 2015, according to the new leader's compensation agreement. Filed earlier this month, the agreement also gives Nadella an annual salary of $1.2 million. The stock grant is part of Microsoft's executive incentive plan as is a target cash award of 300 percent of Nadella's annual base salary for both fiscal 2014 and 2015. Long-Term Performance Stock Awards were granted effective February 4.
SugarCRM has hired Wayne Goss as the regional sales director for Asia Pacific, a new position. Goss will be headquartered in Sydney, Australia, and will be responsible for cultivating sales of its brands and supporting channel partners in the region. Previously, Goss was IBM's national competitive, strategy and engagement leader where was responsible for developing strategies to address competitors for IBM products in Australia and New Zealand for the last year.
Sage is approaching the approval of a settlement of a class action suit which said the company improperly collected sales tax on downloaded software sold in 15 states. Sage has agreed to pay users 115 percent of sales tax collected in those states and plaintiff legal costs of up to $500,000 for those who paid the tax on products downloaded between June 28, 2008 and April 30, 2013. The case, Ernest Howard v. Sage Software, was filed in Los Angeles Superior Court on June 28, 2012.