Hennessy Advisors reports 2018 executive compensation

CEO Neil J. Hennessy receives $3.1M

Hennessy Advisors reported fiscal year 2018 executive compensation information on December 19, 2018.

In 2018, three executives at Hennessy Advisors received on average a compensation package of $1,854,431, a 11% decrease compared to previous year.

Average pay of disclosed executives at Hennessy Advisors

Neil J. Hennessy, Chief Executive Officer, received $3,080,654 in total, which decreased by 21% compared to 2017. 78.47% of Hennessy's compensation, or $2,417,521, was in non-equity incentive plan. Hennessy also received $350,000 in salary, $220,185 in stock awards, as well as $92,948 in other compensation.

Teresa M. Nilsen, Chief Operating Officer, received a compensation package of $1,820,869, which increased by 31% compared to previous year. 68.79% of the compensation package, or $1,252,618, was in non-equity incentive plan.

Daniel B. Steadman, Executive Vice President, earned $661,771 in 2018, a 31% decrease compared to previous year.

Hennessy Advisors' fiscal year ends on September 30.