Scherr, founder at the ultimate software group, inc. Headquartered in weston, florida, the company was founded in 1990 by scott scherr, and released its first version of software. Ultimate software agrees to takeprivate deal with hellman. Aug 09, 2017 at ultimate software, we put people first. Chairman, president and ceo of the ultimate software group inc nasdaq. This information is according to proxy statements filed. So it goes without saying, ultimate software is a company worth paying attention to. 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. Alan goldstein, a surgeon and computer wizard, to create ultipro, a pcbased software for u. Scott scherr has served as president and a director of ultimate since its inception in april 1996 and has been chairman of the board and chief executive officer of ultimate since september 1996. By almost any measure, scott scherr makes a lot of money. This report will, first, examine the ceo compensation levels in comparison to ceo compensation at. 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.
Scherr has been the chairman and chief executive officer of ultimate software group inc. Ultimate kept winning accolades for its accomplishments. Ulti q4 2015 results earnings conference call february 2, 2016 5. The ultimate software groups ulti ceo scott scherr on q4 2014 results earnings call transcript feb. Scott scherr chairman for the ultimate software group, inc. John machado serves as ultimate software s chief technology officer, having been a leader and technologist for more than two decades. Scott scherr, founder and ceo of westonbased ultimate software.
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. Stock analysis for ultimate software group incthe ulti including stock price, stock chart, company news, key statistics, fundamentals and company profile. The ultimate software group inc had annual average ebitda growth of 26. In 1996 scott scherr was appointed ceo of the ultimate software group, inc. The ultimate software group s ulti ceo scott scherr on q4 2014 results earnings call transcript feb. 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. Ceo scott scherr leads inclusion in tech red shoe movement. Scherr is also a member of the executive committee of the board. John joined ultimate in 2007 and has since helped lead the. You are cordially invited to attend the 2008 annual meeting of stockholders of the ultimate software group, inc. Ultimate software completes agreement to be acquired by an.
In 1993, the tech company released ultipro hrms payroll sold as onpremises software servicing core hr and payroll. Earnings for the ultimate software group are expected to grow by 33. Jan 15, 2020 in recent trading, shares of ultimate software group, inc. Scherrs professional profile on relationship science, the database of decision makers. Scott scherr is former chairmanpresidentcoceofounder at ultimate software group inc. From generous 401k matches to fully covered healthcare and unlimited paid time off, ultimate software ceo scott scherr has created one of wall. 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. Much like his younger brother marcs, scott scherrs office resembles that of a sportobsessed teenage boy. 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.
Prior to cto, john served as ultimate s senior vice president of development, overseeing the companys product development and product delivery. 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. The ultimate software groups ulti ceo scott scherr on. Gurufocus rated the ultimate software group inc the business predictability rank of 3star. 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. To be held on may, 2008 to the stockholders of the ultimate software group, inc notice is hereby given that the annual. One of the companies is still active while the remaining four are now listed as inactive. Apr 25, 2019 ultimate s ceo and founder, scott scherr, and the existing senior management team will continue to run the businesses. 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. Goldstein is the companys vice president of development.
John machado serves as ultimate softwares chief technology officer, having been a leader and technologist for more than two decades. Ultimate software goes out with a big boom the motley fool. Ultimate software founder scott scherr to retire south. Scott scherr founded ultimate software in 1990 and has served as president and ceo since the companys inception. Scherr, scott scherr, the ultimate software group, inc. 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. A number of insiders have been selling shares of ultimate software group according to recent form 4 filings with the sec. Ultimate software group inc income statements for executive base pay and bonus are filed yearly with the sec in the edgar filing system. The companies were formed over a twentyfour year period with the most recent being incorporated four years ago in october of 2015. Its the result of the deliberate work of its founder and ceo scott scherr. Ultimate software is ultimately about the stuff of families. Much like his younger brother marcs, scott scherr s office resembles that of a sportobsessed teenage boy. Ultimate software acquisition wont be immune to turnover.
Ultimate software is an american technology company that develops and sells ultipro, a cloudbased human capital management hcm software system for businesses. Ultimate software is an american technology company that develops and sells ultipro, a cloudbased human capital management solution for businesses. The ultimate software acquisition leads to a shift from a public to private vendor, which may result in a culture clash and turnover. More importantly, given all of their achievements, it would be great to understand the reason for their success. Its proven to be a winning strategy judging by the longterm profitability of the company, their enviable 94% employee retention rate. Ultimate software was founded in 1990 by scott scherr.
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. Scherr is founder at the ultimate software group, inc. Scott scherr, who founded ultimate software, one of south floridas most successful technology companies, will retire jan. Can you tell me what inspired you to start ultimate software. The ultimate software group inc ulti chairman, president. Ultimate software, a fastgrowing hr software vendor, is being sold to a private equity firm. The richest executives scott scherr 28 small business. The ultimate software groups ulti ceo scott scherr on q4. 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. Why the ultimate software group is skyrocketing today. Scott scherrs soninlaw, adam rogers, serves as senior vice president and chief technology officer. The ultimate software group inc ulti chairman, president and.
Ultimate software group inc annual reports of executive compensation and pay are most commonly found in the def 14a documents. Ultimates ceo and founder, scott scherr, and the existing senior management team will continue to run the businesses. Notable insiders include scott scherr ceo, mitchell dauerman cfo, marc scherr coo and other executives as shown in the table below. 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. Compensation information for scott scherr, chairman of the board. Scott scherr, founder and coceo of ultimate software, will retire dec. As chief executive officer of ultimate software group inc. 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.
Leadership team profiles ultimate software hr systems. Ulti scott scherr sold 70809 shares of ulti on 02112019 at an. Sincerely yours, scott scherr chairman, president and chief executive officer. See scott scherrs compensation, career history, education. Nov 27, 2019 scott scherr, founder and coceo of ultimate software, will retire dec. Ultimate software specializes in hr software solutions and hr payroll to help you improve your company s human capital management and benefits administration. Scott scherr shares entrepreneurial advice with fortune. Prior to cto, john served as ultimates senior vice president of development, overseeing the companys product development and product delivery. In a business that provides hr solutions, ultimate software sets the. Scott scherr overview scott scherr has been associated with five companies, according to public records.
He served as president of the ultimate softwares general partner until march 1998. 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. In recent trading, shares of ultimate software group, inc. But the items that ultimate software group s founder has accumulated are a bit more. The deal includes a 50day shopping period that enables ultimate s board to. 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.
Ultimate software announces agreement to be acquired by an. They have created an environment that people want to be a part of, want to make a difference because we can. 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. Go behind the scenes and learn about the making of a prolific leader. Generous 401k matches helped scott scherr build the. Headquartered in weston, florida, the company was founded in 1990 by current president and ceo, scott scherr, and.
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