Cardinal Ethanol CEO Jeffrey Painter's 2019 pay rises 1% to $305K
Cardinal Ethanol reports 2019 executive compensation
By ExecPay News
Published: December 19, 2019
Cardinal Ethanol reported fiscal year 2019 executive compensation information on December 19, 2019.
In 2019, four executives at Cardinal Ethanol received on average a compensation package of $197K, a 2% decrease compared to previous year.
Average pay of disclosed executives at Cardinal Ethanol
Jeffrey Painter, Chief Executive Officer, received $305K in total, which increased by 1% compared to 2018. 85% of Painter's compensation, or $259K, was in salary. Painter also received $36K in non-equity incentive plan and $10K in other compensation.
For fiscal year 2019, the median employee pay was $36,918 at Cardinal Ethanol. Therefore, the ratio of Jeffrey Painter's pay to the median employee pay was 8 to one.
Jeremey Herlyn, Plant Manager, received a compensation package of $180K, which increased by 1% compared to previous year. 85% of the compensation package, or $152K, was in salary.
William Dartt, Chief Financial Officer, earned $173K in 2019, a 1% increase compared to previous year.
Casey Bruns, Commodity Manager, received $128K in 2019.
Cardinal Ethanol's fiscal year ends on September 30.
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Source: SEC filing on December 19, 2019.