Farmer Brothers CEO Michael Keown's 2018 pay jumps 43% to $1.5M

Farmer Brothers reports 2018 executive compensation

Published: October 25, 2018

Farmer Brothers reported fiscal year 2018 executive compensation information on October 25, 2018.

In 2018, five executives at Farmer Brothers received on average a compensation package of $862.4K, a 60% increase compared to previous year.

Average pay of disclosed executives at Farmer Brothers

Michael H. Keown, Chief Executive Officer, received $1.5M in total, which increased by 43% compared to 2017. 38.57% of Keown's compensation, or $565.8K, was in salary. Keown also received $285K in non-equity incentive plan, $300.1K in option awards, $300K in stock awards, as well as $15.9K in other compensation.

David G. Robson, Chief Financial Officer, received a compensation package of $899.1K, which increased by 360% compared to previous year. 39.14% of the compensation package, or $351.9K, was in salary.

Ellen D. Iobst, Chief Operations Officer, earned $819.2K in 2018, a 68% increase compared to previous year.

Thomas J. Mattei, Jr, Chief Legal Officer, received $599.8K in 2018, which increases by 35% compared to 2017.

Scott A. Siers, SVP, GM Sales, earned $527.4K in 2018.

Farmer Brothers' fiscal year ends on June 30.