Geospace Technologies CEO Gary Owens' 2008 pay falls 74% to $427K
Geospace Technologies reports 2008 executive compensation
By ExecPay News
Published: January 5, 2009
Geospace Technologies reported fiscal year 2008 executive compensation information on January 5, 2009.
In 2008, four executives at Geospace Technologies received on average a compensation package of $329K, a 70% decrease compared to previous year.
Average pay of disclosed executives at Geospace Technologies
Gary D. Owens, Chief Executive Officer, received $427K in total, which decreased by 74% compared to 2007. 59% of Owens' compensation, or $250K, was in salary. Owens also received $170K in non-equity incentive plan and $7.2K in other compensation.
Michael J. Sheen, Senior Vice President and Chief Technical Officer, received a compensation package of $400K, which decreased by 75% compared to previous year. 56% of the compensation package, or $225K, was in salary.
Thomas T. McEntire, Chief Financial Officer, earned $373K in 2008, a 61% decrease compared to previous year.
Lacey C. Rice, Vice President, Human Resources, received $117K in 2008, which decreases by 55% compared to 2007.
Geospace Technologies' fiscal year ends on September 30.
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Source: SEC filing on January 5, 2009.