Marine Products CEO Richard Hubbell's 2020 pay falls 39% to $1.1M
Marine Products reports 2020 executive compensation
By ExecPay News
Published: March 15, 2021
Marine Products reported fiscal year 2020 executive compensation information on March 15, 2021.
In 2020, three executives at Marine Products received on average a compensation package of $830K, a 20% decrease compared to previous year.
Average pay of disclosed executives at Marine Products
Richard A. Hubbell, Chief Executive Officer, received $1.1M in total, which decreased by 5% compared to 2019. 49% of Hubbell's compensation, or $550K, was in salary. Hubbell also received $320K in bonus and $244K in stock awards.
For fiscal year 2020, the median employee pay was $28,170 at Marine Products. Therefore, the ratio of Richard A. Hubbell's pay to the median employee pay was 40 to one.
Ben M. Palmer, Chief Financial Officer, received a compensation package of $817K, which decreased by 5% compared to previous year. 49% of the compensation package, or $400K, was in salary.
R. Randall Rollins, Chairman, earned $558K in 2020, a 48% decrease compared to previous year.
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Source: SEC filing on March 15, 2021.