FARMER BROTHERS CO reports 2018 executive compensation

CEO Michael H. Keown receives $1.5M

FARMER BROTHERS CO reported fiscal year 2018 executive compensation information on October 25, 2018.

In 2018, five executives at FARMER BROTHERS CO received on average a compensation package of $862,446, a 60% increase compared to previous year.

Michael H. Keown, Chief Executive Officer, received $1,466,782 in total, which increased by 43% compared to 2017. 38.57% of Keown's compensation, or $565,758, was in salary. Keown also received $285,000 in non-equity incentive plan, $300,093 in option awards, $300,009 in stock awards, as well as $15,922 in other compensation.

David G. Robson, Chief Financial Officer, received a compensation package of $899,083, which increased by 360% compared to previous year. 39.14% of the compensation package, or $351,938, was in salary.

Ellen D. Iobst, Chief Operations Officer, earned $819,152 in 2018, a 68% increase compared to previous year.

Thomas J. Mattei, Jr, Chief Legal Officer, received $599,770 in 2018, which increases by 35% compared to 2017.

Scott A. Siers, Senior Vice President, earned $527,441 in 2018.

FARMER BROTHERS CO's fiscal year ends on June 30.