Flexsteel Industries CEO Jerald Dittmer's 2020 pay falls 29% to $1.6M
Flexsteel Industries reports 2020 executive compensation
By ExecPay News
Published: October 26, 2020
Flexsteel Industries reported fiscal year 2020 executive compensation information on October 26, 2020.
In 2020, four executives at Flexsteel Industries received on average a compensation package of $1.3M, a 3% decrease compared to previous year.
Jerald K. Dittmer, Chief Executive Officer, received $1.6M in total, which decreased by 29% compared to 2019. 55.02% of Dittmer's compensation, or $875K, was in stock awards. Dittmer also received $663.5K in salary and $51.7K in other compensation.
Marcus D. Hamilton, Chief Financial Officer, received a compensation package of $1.4M, which increased by 37% compared to previous year. 49.53% of the compensation package, or $716K, was in stock awards.
Timothy P. Newlin, Vice President Marketing and Product Management, earned $1.1M in 2020, a 74% increase compared to previous year.
Derek P. Schmidt, Chief Financial Officer, received $911.9K in 2020.
Flexsteel Industries' fiscal year ends on June 30.