Roger L. Fitzsimonds, chairman and chief executive officer of Firstar Corp., would earn $2.7 million annually after the company's planned acquisition by Star Banc Corp. of Cincinnati closes.
According to documents filed with the Securities and Exchange Commission, Mr. Fitzsimonds, 59, is also slated to get 100,000 restricted shares and options on 200,000 more.
He currently has options on Firstar shares worth about $15.6 million. He owns common shares worth $38.8 million at current market values.
Firstar agreed to the merger July 1. Mr. Fitzsimonds is to serve a maximum of three years as chairman of the combined company, which is to be based in Milwaukee and called Firstar. The deal is scheduled to close in the fourth quarter.