Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Governance Compensation topic
No spam. Unsubscribe anytime.
Board approves presidential incentive payment and sets base salary at $440,000
Summary
The board approved a 77.5% incentive payment of $32,163 for President Lucari for FY2025–26 and set the president’s base salary at $440,000 for FY2026–27, following the executive committee’s recommendation.
The board accepted the executive committee’s recommendations to award President Lucari a 77.5% incentive payment of $32,163 for fiscal year 2025–26 and to set the president’s base salary at $440,000 for fiscal year 2026–27.
The executive committee presented the performance evaluation materials in advance of the meeting and moved both items as committee motions. Both motions were approved by the board by voice votes as recorded in the meeting.
President Lucari thanked trustees, noted he would donate his raise back to the university as he has done previously, and emphasized the university’s recent enrollment and fundraising achievements in remarks following the vote.
Why it matters: Setting presidential compensation is a routine but consequential governance action that signals performance recognition and aligns the role with peer institutions. The board framed the decisions as consistent with peer LGI presidents’ compensation levels.
Next steps: The university will update payroll and public disclosures to reflect the approved compensation and will report performance outcomes as required.
