Aspen Group reports 2018 executive compensation

CEO Michael Mathews receives $637K

Aspen Group reported fiscal year 2018 executive compensation information on October 31, 2018.

In 2018, three executives at Aspen Group received on average a compensation package of $574,231, a 54% increase compared to previous year.

Michael Mathews, Chief Executive Officer, received $636,992 in total, which increased by 46% compared to 2017. 51.02% of Mathews' compensation, or $324,992, was in salary. Mathews also received $30,000 in bonus and $282,000 in option awards.

Gerard Wendolowski, Chief Operating Officer, received a compensation package of $607,500, which increased by 63% compared to previous year. 48.64% of the compensation package, or $295,500, was in salary.

Cheri St. Arnauld, Chief Academic Officer, earned $478,200 in 2018, a 53% increase compared to previous year.

Aspen Group's fiscal year ends on April 30.