Columbus McKinnon CEO Mark Morelli's 2020 pay falls 26% to $2.6M
Columbus McKinnon reports 2020 executive compensation
By ExecPay News
Published: June 10, 2020
Columbus McKinnon reported fiscal year 2020 executive compensation information on June 10, 2020.
In 2020, six executives at Columbus McKinnon received on average a compensation package of $1.3M, a 22% decrease compared to previous year.
Average pay of disclosed executives at Columbus McKinnon
Mark D. Morelli, Chief Executive Officer, received $2.6M in total, which decreased by 26% compared to 2019. 48% of Morelli's compensation, or $1.3M, was in stock awards. Morelli also received $8.6K of change in pension value and nonqualified deferred compensation earnings, $633K in option awards, $730K in salary, as well as $8.6K in other compensation.
Gregory P. Rustowicz, Chief Financial Officer, received a compensation package of $1.5M, which increased by 6% compared to previous year. 33% of the compensation package, or $482K, was in stock awards.
Kurt F. Wozniak, Vice President, Industrial Products, earned $1.2M in 2020, a 13% increase compared to previous year.
Alan S. Korman, Chief Human Resources Officer, received $1.1M in 2020, which increases by 9% compared to 2019.
Peter M. McCormick, Vice President, Crane Solutions, earned $1.1M in 2020, a 4% increase compared to previous year.
Richard H. Fleming, Chief Executive Officer, received $93K in 2020.
Columbus McKinnon's fiscal year ends on March 31.
Related executives
Richard Fleming
Columbus McKinnon
Chief Executive Officer
Mark Morelli
Columbus McKinnon
Chief Executive Officer
Gregory Rustowicz
Columbus McKinnon
Chief Financial Officer
Peter McCormick
Columbus McKinnon
Vice President, Crane Solutions
Kurt Wozniak
Columbus McKinnon
Vice President, Industrial Products
Alan Korman
Columbus McKinnon
Chief Human Resources Officer
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Source: SEC filing on June 10, 2020.