WSU president to receive $150K+ following resignation

Wright State president David Hopkins announced on Friday that he is resigning months ahead of when he was planning to retire.
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Wright State president David Hopkins announced on Friday that he is resigning months ahead of when he was planning to retire.

Wright State University will pay outgoing president David Hopkins $150,000 and he is eligible for an annual faculty salary of $200,000 following his resignation.

With his resignation, Hopkins will lose some of the perks that were available to him in his contract.

Hopkins was to be paid his presidential base salary of $432,000 for one full year after completing his term as president, according to his contract. Hopkins agreed to “relinquish all rights” to that continued salary upon his resignation, according to an amendment to his contract that was added per his resignation.

Explore DETAILS: Hopkins resigns months ahead of planned retirement

Hopkins also agreed to give up any reimbursements for any university-related expenses.

The university will pay Hopkins $150,000 in deferred compensation that “has been accrued in the final two years of his contract agreement,” according to the contract amendment.

Hopkins new contract states he can now return to a faculty position in the College of Education and Human Services where he will be awarded an annual salary of $200,000, according to his contract.

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Hopkins will be paid for any accrued vacation days, up to the maximum allowed by WSU policy which was not specified in the contract. The university will continue to make insurance and lease payments on a car the university has leased for Hopkins until June 30, according to the new agreement.

Hopkins will still preside over Wright State’s spring graduation ceremony set for April 29.

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