LRAD CEO Richard Danforth's 2020 pay jumps 21% to $764K
LRAD reports 2020 executive compensation
By ExecPay News
Published: January 27, 2021
LRAD reported fiscal year 2020 executive compensation information on January 27, 2021.
In 2020, two LRAD executives received on average a compensation package of $593K, a 19% increase compared to previous year.
Average pay of disclosed executives at LRAD
Richard S. Danforth, Chief Executive Officer, received $764K in total, which increased by 21% compared to 2019. 51% of Danforth's compensation, or $391K, was in salary. Danforth also received $360K in bonus and $13K in other compensation.
Dennis D. Klahn, Chief Financial Officer, received a compensation package of $421K, which increased by 15% compared to previous year. 56% of the compensation package, or $236K, was in salary.
LRAD's fiscal year ends on September 30.
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Source: SEC filing on January 27, 2021.