Donius gets $1.45 million in severance
William Donius, who resigned over the weekend as chief executive of Pulaski Financial, will have a little extra cash as he goes off to pursue his “bucket list.” (That phrase, apparently, refers to things he wants to accomplish before he kicks the bucket.)
Specifically, Donius is walking away with a severance package of $1.45 million in cash, plus three years’ worth of life, health and disability insurance, according to an SEC filing Pulaski made yesterday. He’ll also be paid $100,000 a year for the next three years as a consultant and chairman of Pulaski Bank.
The filing also discloses that the new CEO, Gary Douglass, received options to buy 100,000 shares and will get a salary of $325,000 a year. That’s only slightly below Donius’ last published salary, which was $335,500.
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 