LRAD CEO Richard Danforth's 2023 pay slips 19% to $667K
LRAD reports 2023 executive compensation
By ExecPay News
Published: January 29, 2024
LRAD reported fiscal year 2023 executive compensation information on January 29, 2024.
In 2023, two LRAD executives received on average a compensation package of $539K, a 17% decrease compared to previous year.
Average pay of disclosed executives at LRAD
Richard S. Danforth, Chief Executive Officer, received $667K in total, which decreased by 19% compared to 2022. 64% of Danforth's compensation, or $429K, was in salary. Danforth also received $224K in option awards and $15K in other compensation.
Dennis D. Klahn, Chief Financial Officer, received a compensation package of $411K, which decreased by 13% compared to previous year. 68% of the compensation package, or $278K, was in salary.
LRAD's fiscal year ends on September 30.
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Source: SEC filing on January 29, 2024.