HURCO COMPANIES reports 2018 executive compensation

CEO Michael Doar receives $2.6M

HURCO COMPANIES reported fiscal year 2018 executive compensation information on January 28, 2019.

In 2018, three executives at HURCO COMPANIES received on average a compensation package of $1,853,094, a 58% increase compared to previous year.

Average pay of disclosed executives at HURCO COMPANIES

Michael Doar, Chief Executive Officer, received $2,633,537 in total, which increased by 27% compared to 2017. 47.46% of Doar's compensation, or $1,249,991, was in stock awards. Doar also received $808,800 in non-equity incentive plan, $477,115 in salary, as well as $97,631 in other compensation.

Gregory S. Volovic, President, received a compensation package of $1,729,930, which increased by 26% compared to previous year. 43.35% of the compensation package, or $749,960, was in stock awards.

Sonja K. McClelland, Chief Financial Officer, earned $1,195,815 in 2018, a 36% increase compared to previous year.

HURCO COMPANIES' fiscal year ends on October 31.