Posted: 03/21/2025 03:45 am
Maximus, Inc. (MMS), a prominent player in the business services sector, has been showcasing impressive financial results and strategic leadership compensation. As the company continues to thrive, understanding its compensation dynamics, particularly those of its top executives, provides valuable insight into its business operations and strategic directions.
For fiscal year 2024, the total compensation for Maximus's CEO and President, Bruce L. Caswell, was $10,180,914. This figure excludes cash bonuses but includes a substantial portion in stock awards valued at $6,303,063, and an incentive plan compensation of $2,970,000. Caswell's base salary was $886,904, with an additional $20,947 categorized as other compensation. These figures underscore the company's emphasis on aligning executive performance with shareholder value through stock-based incentives.[^1]
In contrast, previous years reveal an evolving compensation trend. Ilene R. Baylinson, General Manager of U.S. Services, received a total of $1,606,906 in 2022, primarily driven by stock awards. Meanwhile, Richard J. Nadeau, the Former Chief Financial Officer in 2021, had a total compensation of $3,062,299, with stock awards constituting over half of this amount. The compensation structures for these executives highlight the consistent implementation of stock awards as a tool to drive long-term organizational growth and align with investor interests.[^2][^3]
Recent financial performance paints a positive narrative for Maximus, showcasing its robust standing in the market. The company's first-quarter fiscal 2025 revenues increased by 20.2%, with a 5.7% rise in earnings year-over-year. Reportedly, Maximus's earnings per share for this period stood at $1.61, beating analyst expectations of $1.39. Such achievements, along with strong revenue and earnings figures, form a basis for the observed executive compensation increments reflecting operational success and enhanced shareholder returns.[^4][^5][^6]
Despite these achievements, Maximus's stock recently traded at $67.21, a decrease of 2.13%. With a market capitalization of approximately $3.80 billion, Maximus operates within an industry experiencing volatility due to various market trends. Yet, its performance-driven executive compensation packages position the company favorably for future growth and resilience in competitive markets.[^7]
As Maximus navigates the evolving landscape of the business services industry, its compensation strategies remain a vital component of its broader corporate strategy, aligning executive incentives with sustainable growth and shared success.
[^1]: SEC 2024 Executive Compensation Report - Bruce L. Caswell
[^2]: SEC 2022 Executive Compensation Report - Ilene R. Baylinson
[^3]: SEC 2021 Executive Compensation Report - Richard J. Nadeau
[^4]: Maximus Inc. Q1 2025 Earnings Release, Zacks.com
[^5]: Maximus Q1 2025 Earnings Call, SeekingAlpha
[^6]: Business Wire, Maximus Fiscal Year 2025 Q1 Results
[^7]: Current Price Snapshot, NYSE Data
