Coherent CEO Andy Mattes receives $6.8M in 2020
Coherent reports 2020 executive compensation
By ExecPay News
Published: March 19, 2021
Coherent reported fiscal year 2020 executive compensation information on March 19, 2021.
In 2020, six Coherent executives received on average a compensation package of $2.9M, a 4% increase compared to previous year.
Average pay of disclosed executives at Coherent
Andy Mattes, Chief Executive Officer, received $6.8M in total. 84% of Mattes' compensation, or $5.7M, was in stock awards. Mattes also received $500K in bonus, $170K in non-equity incentive plan, $376K in salary, as well as $5.6K in other compensation.
Kevin Palatnik, Chief Financial Officer, received a compensation package of $3.2M, which increased by 81% compared to previous year. 84% of the compensation package, or $2.6M, was in stock awards.
Mark Sobey, Chief Operating Officer, earned $2.8M in 2020, a 12% decrease compared to previous year.
Bret DiMarco, Chief Legal Officer, received $1.9M in 2020, which decreases by 33% compared to 2019.
John Ambroseo, Chief Executive Officer, earned $1.4M in 2020, a 71% decrease compared to previous year.
Thomas Merk, Former Executive Vice President and General Manager, Industrial Lasers & Systems, received $1.3M in 2020.
Coherent's fiscal year ends on October 2.
Related executives
Andy Mattes
Coherent
Chief Executive Officer
John Ambroseo
Coherent
Chief Executive Officer
Kevin Palatnik
Coherent
Chief Financial Officer
Mark Sobey
Coherent
Chief Operating Officer
Bret DiMarco
Coherent
Chief Legal Officer
Thomas Merk
Coherent
Former Executive Vice President and General Manager, Industrial Lasers & Systems
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Source: SEC filing on March 19, 2021.