The Board of Trustees of Florida Gulf Coast University called for a Tuesday emergency meeting to make changes to the contract of incoming university president Dr. Michael Martin.
On Friday, the state’s Board of Governors, which oversees Florida’s public universities, confirmed the contract between Martin and FGCU. But the confirmation came with a string attached: FGCU must get approval from the Board of Governors for any bonus they pay Martin over $350,000.
In the contract approved on March 14, Martin will receive a base salary of $350,000, plus a car and a $50,000 housing allowance. In addition, Martin could receive performance bonuses based on a multitude of factors including how FGCU performs on state performance funding metrics.
One of the bonuses, the FOCUS bonus, is the one the state took issue with. The bonus is based on FGCU’s FOCUS 2016-2021 strategic plan. It pays out if Martin is serving as of June 30, 2022, and could result in a bonus, to Martin, of up to $700,000.
In other business, the board needs to fill the role of Vice Chair, vacated by Shawn Felton, who resigned from his role last week. Felton is the president of the FGCU Faculty Senate.
“As I prepare for the upcoming Faculty Senate agenda, I am tendering my letter of resignation because I am not seeking another term as Faculty Senate President,” Felton wrote in his resignation letter to Chair Dudley Goodlette. “I believe after 4[sic], 1-year terms it is time for new leadership within the FGCU faculty.”
The president of the Faculty Senate is given a seat on the board of trustees. Felton will remain on the board of trustees until Aug. 7, when the new president will assume the role.
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