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Florida Virtual School board approves CEO contract extension, sets base salary at $308,250
Summary
The Florida Virtual School Board of Trustees approved a fourth amended employment contract extending the CEO's Deferred Retirement Option Plan (DROP) period to June 30, 2026, and established an annual base salary of $308,250 after discussion of a compensation study and internal recommendations.
The Florida Virtual School Board of Trustees on Thursday approved a fourth amended employment contract for its chief executive officer and established the CEO's annual base salary at $308,250.
Board counsel presented the amendment during a special virtual meeting, explaining the fourth amendment formalizes an extension of the CEO's Deferred Retirement Option Plan (DROP) through June 30, 2026, consistent with an extension authorized by the Florida Retirement System. "I have thoroughly vetted and reviewed the fourth amended contract on behalf of the board, and I find that it's legally sound and consistent with applicable board policies, laws, and regulations," said Dr. Dagada, speaking for the board.
The amendment and the salary figure were informed by a compensation study attached to the board packet and reviewed during the meeting. The study included sector medians the board discussed: a private-sector median for similarly sized organizations of about…
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