Cree CEO Charles Swoboda's 2011 pay jumps 25% to $5.4M

Cree reports 2011 executive compensation

By ExecPay News

Published: September 2, 2011

Cree reported fiscal year 2011 executive compensation information on September 2, 2011.
In 2011, four Cree executives received on average a compensation package of $2.5M, a 20% increase compared to previous year.
Average pay of disclosed executives at Cree
Charles M. Swoboda, Chief Executive Officer, received $5.4M in total, which increased by 25% compared to 2010. 52.55% of Swoboda's compensation, or $2.8M, was in option awards. Swoboda also received $595.2K in salary, $1.9M in stock awards, as well as $8.9K in other compensation.
Stephen D. Kelley, Chief Operating Officer, received a compensation package of $1.6M, which increased by 16% compared to previous year. 52.32% of the compensation package, or $820.2K, was in option awards.
John T. Kurtzweil, Chief Financial Officer, earned $1.5M in 2011, a 13% increase compared to previous year.
Lighting John T. Kurtzweil, Chief Financial Officer, received $1.5M in 2011, which increases by 13% compared to 2010.
Cree's fiscal year ends on June 30.

Related executives

John Kurtzweil

Cree

Chief Financial Officer

Charles Swoboda

Cree

Chief Executive Officer

Lighting Kurtzweil

Cree

Chief Financial Officer

Stephen Kelley

Cree

Chief Operating Officer

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Source: SEC filing on September 2, 2011.