Donovan gets an annual base salary of $335,000 and can get a bonus of not less than $50,000 for the year ending April 30. She is also eligible to receive an annual bonus with a maximum of 50 percent of base salary after May 1. The company also granted her options on 175,000 JTH shares whose exercise price is set for the closing price of Class Common stock Friday, January 31.

Baumgartner has been CFO since February 2004 served as an independent consultant to JTH from August 2003 until February 2004. JTH Financial was formed in 2010 to handle bank settlement products.