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With last year's pay pumped up by an opitions grant of $712,500, John Hewitt, CEO of Liberty Tax parent JTH Holdings, saw his pay for the year ended April 3. His compensation dropped to $619, 791 for the most recently ended year from $1.3 million a year ago. The drop stemmed from the fact that Hewitt received no options grant in fiscal 2012.

The absence of significant options as part of this year's package also reduced the compensation of general counsel, James J. Wheaton. His pay for 2012 plunged to $337,516, down 55 percent from $746,000 the prior year. The 2011 total included $606,000 in option grants versus none for 2012. He also had a $90,000 bonus, which included $50,000 from the signing bonus when he joined the company in February 2011 and a $50,000 minimum cash bonus as part of his contract.

CFO Mark Baumgartner saw his compensation rise to $378,597, an increase of 14 percent from $332 013 for fiscal 2011. That stemmed from both an increase in his base pay and in non-equity incentives. COO Rufe Vanderpool was on the receiving end for an option grant in 2012. His pay rose to $564,535 from $322,601. That 74.4-percent rise was based on an options grant of $269,100, compared to $99,000 in 2011.

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