Malibu Boats CEO Jack Springer's 2020 pay falls 24% to $2.3M
Malibu Boats reports 2020 executive compensation
By ExecPay News
Published: September 23, 2020
Malibu Boats reported fiscal year 2020 executive compensation information on September 23, 2020.
In 2020, five executives at Malibu Boats received on average a compensation package of $960K, a 28% decrease compared to previous year.
Average pay of disclosed executives at Malibu Boats
Jack Springer, Chief Executive Officer, received $2.3M in total, which decreased by 24% compared to 2019. 68% of Springer's compensation, or $1.5M, was in stock awards. Springer also received $720K in salary and $8.6K in other compensation.
For fiscal year 2020, the median employee pay was $38,400 at Malibu Boats. Therefore, the ratio of Jack Springer's pay to the median employee pay was 59 to one.
Wayne Wilson, Chief Financial Officer, received a compensation package of $1.1M, which decreased by 22% compared to previous year. 65% of the compensation package, or $714K, was in stock awards.
Ritchie Anderson, Chief Operating Officer, earned $1.1M in 2020, a 22% decrease compared to previous year.
Deborah S. Kent, Vice President of Human Resources, received $221K in 2020, which decreases by 23% compared to 2019.
William Paxson St. Clair, Jr, Former President of Cobalt Boats, LLC, earned $102K in 2020, a 82% decrease compared to previous year.
Malibu Boats' fiscal year ends on June 30.
Related executives
You may also like
Source: SEC filing on September 23, 2020.