Hurco Companies Chairman Michael Doar's 2021 pay slips 4% to $2M
Hurco Companies reports 2021 executive compensation
By ExecPay News
Published: January 24, 2022
Hurco Companies reported fiscal year 2021 executive compensation information on January 24, 2022.
In 2021, five executives at Hurco Companies received on average a compensation package of $1.1M, a 27% decrease compared to previous year.
Average pay of disclosed executives at Hurco Companies
Michael Doar, Chairman, received $2M in total, which decreased by 4% compared to 2020. 50% of Doar's compensation, or $1M, was in stock awards. Doar also received $409K in non-equity incentive plan, $510K in salary, as well as $91K in other compensation.
For fiscal year 2021, the median employee pay was $40,349 at Hurco Companies. Therefore, the ratio of Michael Doar's pay to the median employee pay was 50 to one.
Gregory S. Volovic, Chief Executive Officer, received a compensation package of $1.7M, which increased by 25% compared to previous year. 53% of the compensation package, or $900K, was in stock awards.
Sonja K. McClelland, Chief Financial Officer, earned $1.4M in 2021, a 21% increase compared to previous year.
Jonathon D. Wright, General Counsel, received $241K in 2021.
HaiQuynh Jamison, Corporate Controller and Principal Accounting Officer, earned $224K in 2021.
Hurco Companies' fiscal year ends on October 31.
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Source: SEC filing on January 24, 2022.