Charles & Colvard CMO Dennis Reed's 2008 pay rises 3% to $323K

Charles & Colvard reports 2008 executive compensation

By ExecPay News

Published: April 7, 2009

Charles & Colvard reported fiscal year 2008 executive compensation information on April 7, 2009.
In 2008, five executives at Charles & Colvard received on average a compensation package of $275K, a 2% increase compared to previous year.
Average pay of disclosed executives at Charles & Colvard
Dennis M. Reed, Chief Marketing Officer, received $323K in total, which increased by 3% compared to 2007. 79% of Reed's compensation, or $255K, was in salary. Reed also received $55K in option awards and $13K in other compensation.
Robert S. Thomas, Chief Executive Officer, received a compensation package of $311K, which decreased by 14% compared to previous year. 60% of the compensation package, or $188K, was in salary.
Carl A. Mielke, Former Senior Vice President of Sales, earned $303K in 2008, a 21% increase compared to previous year.
James R. Braun, Chief Financial Officer, received $296K in 2008, which increases by 5% compared to 2007.
Steven L. Abate, Former Vice President of Operations, earned $142K in 2008, a 3% increase compared to previous year.
Charles & Colvard's fiscal year ends on June 30.

Related executives

Robert Thomas

Charles & Colvard

Chief Executive Officer

James Braun

Charles & Colvard

Chief Financial Officer

Dennis Reed

Charles & Colvard

Chief Marketing Officer

Carl Mielke

Charles & Colvard

Former Senior Vice President of Sales

Steven Abate

Charles & Colvard

Former Vice President of Operations

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Source: SEC filing on April 7, 2009.