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.

Related executives

Gary Owens

Geospace Technologies

Chief Executive Officer

Michael Sheen

Geospace Technologies

Senior Vice President and Chief Technical Officer

Thomas McEntire

Geospace Technologies

Chief Financial Officer

Lacey Rice

Geospace Technologies

Vice President, Human Resources

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Source: SEC filing on January 5, 2009.