News in brief – Arkansas Democrat-Gazette

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CEO compensation $6.84M at J.B. Hunt

J.B. Hunt President and Chief Executive Officer John Roberts, 54, earned 110 times the median salary of company employees last year, according to a public filing Friday with the U.S. Securities and Exchange Commission.

The pay ratio, reported as a requirement of the Dodd-Frank Act, is based on Roberts’ total compensation, $6.84 million, which include his base salary, bonuses, nonequity incentive plan compensation and grant-date fair value of stocks. No stock options were granted the past three years.

The median total compensation of J.B. Hunt’s 23,872 employees was $62,150, according to the proxy filing.

Terrence Matthews, 60, executive vice president of intermodal, was the second-highest-paid J.B. Hunt employee last year, taking in almost $2.76 million. Executive Vice Presidents David G. Mee, 58; Shelley Simpson, 47; and Nicholas Hobbs, 56, all were paid between $2.75 million and $2.73 million.

Executive compensation totals are calculated with a formula developed by The Associated Press and the Arkansas Democrat-Gazette.

— Nathan Owens

Walmart gift of $3M aids Girls Who Code

Walmart Inc.’s $3 million gift to the nonprofit group Girls Who Code will bring a free summer immersion program in computer science to Northwest Arkansas for the first time, the retailer said in a news release Friday.

The organization aims to close the gender gap in technology-related fields with a program that provides computer science education and support to girls in rural areas who are entering their junior or senior years in high school.

Girls Who Code’s website shows the program will be held in Bentonville and Fayetteville from June 10 through July 26. More information about the program and how to apply is available at girlswhocode.com/summer-immersion-programs.

Walmart’s gift also will support the expansion of Girls Who Code clubs across the U.S. Currently, 6,000 clubs operate in 33 states and Washington, D.C.

In addition, Walmart will be a founding sponsor of the group’s College Loops network, which links college-aged alumni of its clubs and programs to help them continue their studies in computer science. More than 13,000 alumni now attend universities nationwide, the news release said.

— Serenah McKay

Arkansas Index falls to end day at 403.15

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 2.79 to 403.15 Friday. Nine stocks lost ground and six advanced.

Total volume for the index on Friday was 19.5 million shares. The average daily volume for the week was 30.4 million shares.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 03/09/2019