IEC Electronics CEO Jeffrey Schlarbaum's 2018 pay rises 20% to $792.2K
IEC Electronics reports 2018 executive compensation
By ExecPay News
Published: January 24, 2019
IEC Electronics reported fiscal year 2018 executive compensation information on January 24, 2019.
In 2018, three executives at IEC Electronics received on average a compensation package of $505.6K, a 13% increase compared to previous year.
Jeffrey T. Schlarbaum, Chief Executive Officer, received $792.2K in total, which increased by 20% compared to 2017. 47.51% of Schlarbaum's compensation, or $376.3K, was in salary. Schlarbaum also received $97.5K in non-equity incentive plan, $313.1K in stock awards, as well as $5.2K in other compensation.
Thomas L. Barbato, Chief Financial Officer, received a compensation package of $552.4K. 98.30% of the compensation package, or $543K, was in option awards.
Michael T. Williams, Chief Financial Officer, earned $172.2K in 2018, a 48% decrease compared to previous year.
IEC Electronics' fiscal year ends on September 30.