Coherent reports 2018 executive compensation
CEO John Ambroseo receives $9.5M
Coherent reported fiscal year 2018 executive compensation information on January 14, 2019.
In 2018, five Coherent executives received on average a compensation package of $3,557,893, a 9% decrease compared to previous year.Average pay of disclosed executives at Coherent
John Ambroseo, Chief Executive Officer, received $9,531,892 in total, which decreased by 5% compared to 2017. 82.53% of Ambroseo's compensation, or $7,867,051, was in stock awards. Ambroseo also received $853,885 in non-equity incentive plan, $800,010 in salary, as well as $10,946 in other compensation.
Kevin Palatnik, Chief Financial Officer, received a compensation package of $2,323,343, which decreased by 14% compared to previous year. 67.49% of the compensation package, or $1,568,031, was in stock awards.
Mark Sobey, Executive Vice President and General Manager of OEM Laser Sources, earned $2,170,900 in 2018, a 7% decrease compared to previous year.
Paul Sechrist, Executive Vice President Worldwide Sales and Services, received $1,980,047 in 2018, which decreases by 14% compared to 2017.
Bret DiMarco, General Counsel, earned $1,783,283 in 2018, a 18% decrease compared to previous year.
Coherent's fiscal year ends on September 29.