AVX CEO John Sarvis' 2019 pay jumps 22% to $1.4M
AVX reports 2019 executive compensation
By ExecPay News
Published: June 4, 2019
AVX reported fiscal year 2019 executive compensation information on June 4, 2019.
In 2019, five AVX executives received on average a compensation package of $983K, a 9% increase compared to previous year.
Average pay of disclosed executives at AVX
John Sarvis, Chief Executive Officer, received $1.4M in total, which increased by 22% compared to 2018. 38% of Sarvis' compensation, or $515K, was in non-equity incentive plan. Sarvis also received $38K in bonus, $510K in salary, $179K in stock awards, as well as $110K in other compensation.
For fiscal year 2019, the median employee pay was $14,040 at AVX. Therefore, the ratio of John Sarvis' pay to the median employee pay was 96 to one.
Evan Slavitt, General Counsel, received a compensation package of $975K, which increased by 20% compared to previous year. 36% of the compensation package, or $355K, was in non-equity incentive plan.
Peter Venuto, Senior Vice President of Corporate Development, earned $969K in 2019, a 11% increase compared to previous year.
John Lawing, Senior Vice President of Corporate Development, received $945K in 2019, which increases by 19% compared to 2018.
Michael Hufnagel, Chief Financial Officer, earned $674K in 2019.
AVX's fiscal year ends on March 31.
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Source: SEC filing on June 4, 2019.