Vermillion president and CEO Gail Page made $808,625 in total compensation in 2007, down 8 percent from $878,837, according to a proxy statement filed with the US Securities and Exchange Commission last week.
In April 2007, Vermillion’s board voted to increase her base salary to $364,000 from $350,000, raising her base salary for the whole year to $360,958. Last year, Page also received $30,508 as car compensation, but did not receive a bonus. In 2006 her bonus was $50,000.
According to the filing, Debra Young, who resigned as Vermillion’s vice president and CFO in November, is receiving severance payments totaling $112,750, and COBRA coverage. William Sullivan, who resigned as vice president of corporate operations last November, received a lump sum severance payment of $37,417. He is also receiving COBRA coverage.