LRAD CEO Richard Danforth's 2022 pay rises 1% to $828K
LRAD reports 2022 executive compensation
By ExecPay News
Published: January 27, 2023
LRAD reported fiscal year 2022 executive compensation information on January 27, 2023.
In 2022, two LRAD executives received on average a compensation package of $649K, a 1% decrease compared to previous year.
Average pay of disclosed executives at LRAD
Richard S. Danforth, Chief Executive Officer, received $828K in total, which increased by 1% compared to 2021. 52% of Danforth's compensation, or $432K, was in salary. Danforth also received $382K in bonus and $14K in other compensation.
Dennis D. Klahn, Chief Financial Officer, received a compensation package of $471K, which decreased by 6% compared to previous year. 55% of the compensation package, or $261K, was in salary.
LRAD's fiscal year ends on September 30.
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Source: SEC filing on January 27, 2023.