Hurco Companies CEO Michael Doar's 2020 pay falls 23% to $2.1M
Hurco Companies reports 2020 executive compensation
By ExecPay News
Published: January 29, 2021
Hurco Companies reported fiscal year 2020 executive compensation information on January 29, 2021.
In 2020, three executives at Hurco Companies received on average a compensation package of $1.5M, a 23% decrease compared to previous year.
Average pay of disclosed executives at Hurco Companies
Michael Doar, Chief Executive Officer, received $2.1M in total, which decreased by 23% compared to 2019. 72% of Doar's compensation, or $1.5M, was in stock awards. Doar also received $510K in salary and $78K in other compensation.
For fiscal year 2020, the median employee pay was $54,035 at Hurco Companies. Therefore, the ratio of Michael Doar's pay to the median employee pay was 39 to one.
Gregory S. Volovic, Chief Operating Officer, received a compensation package of $1.3M, which decreased by 24% compared to previous year. 67% of the compensation package, or $900K, was in stock awards.
Sonja K. McClelland, Chief Financial Officer, earned $1.1M in 2020, a 21% decrease compared to previous year.
Hurco Companies' fiscal year ends on October 31.
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Source: SEC filing on January 29, 2021.