Viv maza is what makes us truly unique these people are so genuine and truly care about everyone that is part of our ultimate family. Its proven to be a winning strategy judging by the longterm profitability of the company, their enviable 94% employee retention rate and the recurrent recognition as one of the best. From generous 401k matches to fully covered healthcare and unlimited paid time off, ultimate software ceo scott scherr has created one of wall. Ultimate software agrees to takeprivate deal with hellman. Prior to cto, john served as ultimates senior vice president of development, overseeing the companys product development and product delivery. Generous 401k matches helped scott scherr build the. Scherr, scott scherr, the ultimate software group, inc. But the items that ultimate software group s founder has accumulated are a bit more. Scott scherr founded ultimate software in 1990 and has served as president and ceo since the companys inception. Ceo scott scherr leads inclusion in tech red shoe movement.
Scherr, founder at the ultimate software group, inc. Alan goldstein, a surgeon and computer wizard, to create ultipro, a pcbased software for u. To be held on may, 2008 to the stockholders of the ultimate software group, inc notice is hereby given that the annual. Ulti q4 2015 results earnings conference call february 2, 2016 5. One of the companies is still active while the remaining four are now listed as inactive. Scott scherrs soninlaw, adam rogers, serves as senior vice president and chief technology officer. Ultimate software is an american technology company that develops and sells ultipro, a cloudbased human capital management solution for businesses. Can you tell me what inspired you to start ultimate software. Aug 09, 2017 at ultimate software, we put people first. So it goes without saying, ultimate software is a company worth paying attention to. Why the ultimate software group is skyrocketing today. A number of insiders have been selling shares of ultimate software group according to recent form 4 filings with the sec. In 1996 scott scherr was appointed ceo of the ultimate software group, inc.
Dec 12, 2017 from generous 401k matches to fully covered healthcare and unlimited paid time off, ultimate software ceo scott scherr has created one of wall streets best performing stocks by putting workers first. The companies were formed over a twentyfour year period with the most recent being incorporated four years ago in october of 2015. When in 1990 scott scherr founded ultimate software with three other people two of them women who still work at ultimate, they decided one of their key priorities would be to take care of their employees. The ultimate software group inc had annual average ebitda growth of 26. Founded in 1990 by ceo scott scherr, ultimate software has been one of americas most generous employers for decades, beginning with a saving plans that has only grown in ambition as the company. Ultimate software is ultimately about the stuff of families. The ultimate software group said monday that it has agreed terms to sell the human resource software group to a group of investors led by private. The ultimate software groups ulti ceo scott scherr on q4 2014 results earnings call transcript feb. Gurufocus rated the ultimate software group inc the business predictability rank of 3star. They have created an environment that people want to be a part of, want to make a difference because we can. The ultimate software group inc ulti chairman, president. Headquartered in weston, florida, the company was founded in 1990 by current president and ceo, scott scherr, and. Scherrs professional profile on relationship science, the database of decision makers. Scott scherr, who founded ultimate software, one of south floridas most successful technology companies, will retire jan.
Ultimate software announces agreement to be acquired by an. Ultimate software to complete leadership succession plan at year. Ultimate software was founded in 1990 by scott scherr. Jan 15, 2020 in recent trading, shares of ultimate software group, inc. Scott scherr, founder and ceo of westonbased ultimate software. This report will, first, examine the ceo compensation levels in comparison to ceo compensation at. You are cordially invited to attend the 2008 annual meeting of stockholders of the ultimate software group, inc. More importantly, given all of their achievements, it would be great to understand the reason for their success. See scott scherrs compensation, career history, education. Apr 25, 2019 ultimate s ceo and founder, scott scherr, and the existing senior management team will continue to run the businesses.
Apr 24, 2012 luckily, scott scherr, ceo of ultimate software, was willing to share with me recently a bit of history about ultimate software and the secret to their success. Scott scherr, founder and coceo of ultimate software, will retire dec. Leadership team profiles ultimate software hr systems. The richest executives scott scherr 28 small business.
Headquartered in weston, florida, the company was founded in 1990 by current president and ceo, scott scherr, and released its first version of software in 1993. Ultimate software founder scott scherr to retire south. In a business that provides hr solutions, ultimate software sets the. Ultimate software completes agreement to be acquired by an. Its proven to be a winning strategy judging by the longterm profitability of the company, their enviable 94% employee retention rate. Feb 04, 2019 our decision was also made with the best interests of our 5,144 employees and our more than 5,600 customers at heart, scott scherr, ceo, president, and founder of ultimate, said. Headquartered in weston, florida, the company was founded in 1990 by scott scherr, and released its first version of software. Go behind the scenes and learn about the making of a prolific leader. We all share the same passion, we all understand our why behind what we do and how we do it and when you have a group of 5000 strong all. As chief executive officer of ultimate software group inc. The ultimate software groups ulti ceo scott scherr on q4. Ultimate kept winning accolades for its accomplishments. That was the overarching message that i took away march 3 as i watched the opening keynote on day one of ultimate softwares breakthrough connections 2020 user conference in the cavernous wynn las vegas and encore resort.
Nov 27, 2019 scott scherr, founder and coceo of ultimate software, will retire dec. The ultimate software acquisition leads to a shift from a public to private vendor, which may result in a culture clash and turnover. Luckily, scott scherr, ceo of ultimate software, was willing to share with me recently a bit of history about ultimate software and the secret to their success. By almost any measure, scott scherr makes a lot of money. In recent trading, shares of ultimate software group, inc. Scott scherr shares entrepreneurial advice with fortune. Chairman, president and ceo of the ultimate software group inc nasdaq. Ultimate software group inc annual reports of executive compensation and pay are most commonly found in the def 14a documents. This information is according to proxy statements filed. Ulti, a provider of human capital management or hcm solutions in the cloud, said monday that it has agreed to be acquired by an investor group led by. The deal includes a 50day shopping period that enables ultimate s board to. Notable insiders include scott scherr ceo, mitchell dauerman cfo, marc scherr coo and other executives as shown in the table below. He served as president of the ultimate softwares general partner until march 1998.
Ulti scott scherr sold 70809 shares of ulti on 02112019 at an. Ultimate software specializes in hr software solutions and hr payroll to help you improve your company s human capital management and benefits administration. John joined ultimate in 2007 and has since helped lead the. Much like his younger brother marcs, scott scherr s office resembles that of a sportobsessed teenage boy. Goldstein is the companys vice president of development. The ultimate software group inc ulti chairman, president and. Stock analysis for ultimate software group incthe ulti including stock price, stock chart, company news, key statistics, fundamentals and company profile. Ultimate software is an american technology company that develops and sells ultipro, a cloudbased human capital management hcm software system for businesses. John machado serves as ultimate software s chief technology officer, having been a leader and technologist for more than two decades.
Compensation information for scott scherr, chairman of the board. Scott scherr chairman for the ultimate software group, inc. We owe a lot of that to the example set by our ceo, scott scherr, and his commitment to not only taking good care of his employees, but treating them as true partners. Ultimate software group inc income statements for executive base pay and bonus are filed yearly with the sec in the edgar filing system. Its the result of the deliberate work of its founder and ceo scott scherr. Ultimate software acquisition wont be immune to turnover. Earnings for the ultimate software group are expected to grow by 33. John machado serves as ultimate softwares chief technology officer, having been a leader and technologist for more than two decades.
Scott scherr, founder of the hr software company and its ceo and chairman, is joined at the top by his brother marc scherr, the firms coo and vice chairman. The ultimate software groups ulti ceo scott scherr on. In 1993, the tech company released ultipro hrms payroll sold as onpremises software servicing core hr and payroll. Much like his younger brother marcs, scott scherrs office resembles that of a sportobsessed teenage boy. Ultimate software goes out with a big boom the motley fool. But the items that ultimate software groups founder has accumulated are a bit more. The ultimate software group s ulti ceo scott scherr on q4 2014 results earnings call transcript feb. Prior to cto, john served as ultimate s senior vice president of development, overseeing the companys product development and product delivery. Ultimate software, a fastgrowing hr software vendor, is being sold to a private equity firm. Mar 11, 2019 when in 1990 scott scherr founded ultimate software with three other people two of them women who still work at ultimate, they decided one of their key priorities would be to take care of their employees. Scherr is also a member of the executive committee of the board. Our decision was also made with the best interests of our 5,144 employees and our more than 5,600 customers at heart, scott scherr, ceo, president, and founder of ultimate, said. Scherr has been the chairman and chief executive officer of ultimate software group inc.
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