10 Small Cap CEO Millionaires

By Jennifer Leigh Parker for CNBC.com

Middle Market Millionaires

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If the Occupy Wall Street movement has you thinking that only Wall Street titans earn millions, think again. Middle Market CEOs – presiding over companies worth far less than any in the S&P 500 – are quietly getting rich. Wall Street may have propagated the myth that financial wizardry is a prerequisite for wealth, but these CEOs prove otherwise – earning handsome salaries for running companies that provide tangible products like clothing, housewares, and school supplies. The CEOs listed here ru
Photo: Yagi Studio | Getty Images

If the Occupy Wall Street movement has you thinking that only Wall Street titans earn millions, think again. Middle market CEOs – presiding over companies worth far less than any in the S&P 500 – are quietly getting rich.

Wall Street may have propagated the myth that financial wizardry is a prerequisite for wealth, but these CEOs prove otherwise – earning handsome salaries for running companies that provide tangible products like clothing, housewares, and school supplies.

The CEOs listed here run firms included in the S&P600 Small Cap Index, a broad-based index of publicly traded small cap stocks. And in 2010, they each earned over a million for doing it, according to annual reports.

Click ahead to see executives leading middle market companies--and becoming millionaires in the process.

By Jennifer Leigh Parker
Posted 27 October 2011

Kirk Benson

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CEO, Headwaters (HW)
Photo: Headwaters, Inc.

CEO, Headwaters (HW)

Industry: Specialty chemicals. The company, based in Utah, provides products and services to the construction and energy industries.

Company Market Cap: $101 million

2010 Compensation: $1.94 million

Dr. Elazar Rabbani

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CEO, Enzo Biochem (ENZ) Industry: Biotechnology. This New York based company is a provider of research tools and test services to the medical community. Company Market Cap: 106 million 2010 Compensation: $1.18 million
Photo: Enzo Biochem

CEO, Enzo Biochem (ENZ)

Industry: Biotechnology. This New York based company is a provider of research tools and test services to the medical community.

Company Market Cap: $106 million

2010 Compensation: $1.18 million

Steven Anderson

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CEO, Cryolife (CRY) Industry: Medical equipment. Based in Georgia, this company is a medical device provider. Company Market Cap: 130 million 2010 Compensation: $1.4 million
Photo: CryoLife, Inc.

CEO, Cryolife (CRY)

Industry: Medical equipment. Based in Georgia, this company is a medical device provider.

Company Market Cap: $130 million

2010 Compensation: $1.4 million

David Zanden

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CEO, School Specialty (SCHS) Industry: Educational Suppliers. The for-profit education company, based in Wisconsin, provides educational resources to pre-kindergarten through twelfth-grade classrooms. Company Market Cap: 137 million 2010 Compensation: $2 million
Photo: School Specialty

CEO, School Specialty (SCHS)

Industry: Educational Suppliers. The company, based in Wisconsin, provides educational resources to pre-kindergarten through twelfth-grade classrooms.

Company Market Cap: $137 million

2010 Compensation: $2 million

Robert Schottenstein

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CEO, M/I Homes (MHO) Industry: Home construction. This Ohio-based company builds single-family homes. Company Market Cap: 144 million 2010 Compensation: $1.75 million
Photo: M/I HOMES, INC.

CEO, M/I Homes (MHO)

Industry: Home construction. This Ohio-based company builds single-family homes.

Company Market Cap: $144 million

2010 Compensation: $1.75 million

Kathleen Mason

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CEO, Tuesday Morning (TUES) Industry: Specialty Retailers. The company, headquartered in Texas, is a retailer of home décor and housewares. Company market cap: 156 million 2010 Compensation: $2.43 mm
Photo: Tuesday Morning, Inc.

CEO, Tuesday Morning (TUES)

Industry: Specialty Retailers. The company, headquartered in Texas, is a retailer of home décor and housewares.

Company market cap: $156 million

2010 Compensation: $2.43 mm

Joseph Boshart

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CEO, Cross Country Healthcare (CCRN) Industry: Business Training & Employment Agency. This Florida-based company provides healthcare staffing services. Company market cap: 159 million 2010 Compensation: $2.4 million

CEO, Cross Country Healthcare (CCRN)

Industry: Business Training & Employment Agency. This Florida-based company provides healthcare staffing services.

Company market cap: $159 million

2010 Compensation: $2.4 million

Patrick Ramsey

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CEO, Multimedia Games Holding (MGAM) Industry: Gambling. This Texas-based company manufactures gaming systems such as video lottery terminals and electronic scratch ticket systems. Market Cap: 169 million 2010 Compensation: $2.36 million
Photo: Multimedia Games Holding Co.

CEO, Multimedia Games Holding (MGAM)

Industry: Gambling. This Texas-based company manufactures gaming systems such as video lottery terminals and electronic scratch ticket systems.

Market Cap: $169 million

2010 Compensation: $2.36 million

Chris Oddleifson

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CEO, Independent Bank (INDB.O) Industry: Banking. The company is a community commercial bank based in Massachusetts. Company Market Cap: 566 million 2010 Compensation: $1.98mm
Photo: Boston Globe | Getty Images

CEO, Independent Bank (INDB.O)

Industry: Banking. The company is a community commercial bank based in Massachusetts.

Company Market Cap: $566 million

2010 Compensation: $1.98mm

Douglas Milroy

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CEO, G & K Services (GKSR)
Photo: Douglas Milroy

CEO, G & K Services (GKSR)

Industry: Clothing. Based in Minnesota, the company provides uniforms for small and midsized firms in virtually all industries.

Market Cap: $571 million

2010 Compensation: $2.29mm