Key Tronic CEO Craig Gates' 2019 pay falls 31% to $685.8K
Key Tronic reports 2019 executive compensation
By ExecPay News
Published: September 16, 2019
Key Tronic reported fiscal year 2019 executive compensation information on September 16, 2019.
In 2019, five Key Tronic executives received on average a compensation package of $419.3K, a 24% decrease compared to previous year.
Craig D. Gates, Chief Executive Officer, received $685.8K in total, which decreased by 31% compared to 2018. 90.40% of Gates' compensation, or $620K, was in salary. Gates also received $31K in option awards and $34.8K in other compensation.
For fiscal year 2019, the median employee pay was $9,174 at Key Tronic. Therefore, the ratio of Craig D. Gates' pay to the median employee pay was 75 to one.
Brett R. Larsen, Chief Financial Officer, received a compensation package of $398.2K, which decreased by 22% compared to previous year. 90.36% of the compensation package, or $359.8K, was in salary.
Douglas G. Burkhardt, Executive Vice President, Operations, earned $375.6K in 2019, a 17% decrease compared to previous year.
Philip S. Hochberg, Executive Vice President, Business Development, received $336K in 2019, which decreases by 25% compared to 2018.
Duane D. Mackleit, Vice President of Program Management, earned $301.1K in 2019, a 13% decrease compared to previous year.
Key Tronic's fiscal year ends on June 29.