Matrix Service Company CEO John Hewitt's 2020 pay falls 22% to $2.5M

Matrix Service Company reports 2020 executive compensation

By ExecPay News

Published: September 24, 2020

Matrix Service Company reported fiscal year 2020 executive compensation information on September 24, 2020.
In 2020, seven executives at Matrix Service Company received on average a compensation package of $1.4M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Matrix Service Company
John R. Hewitt, Chief Executive Officer, received $2.5M in total, which decreased by 22% compared to 2019. 63.03% of Hewitt's compensation, or $1.6M, was in stock awards. Hewitt also received $100K in non-equity incentive plan, $800K in salary, as well as $39.7K in other compensation.
For fiscal year 2020, the median employee pay was $82,145 at Matrix Service Company. Therefore, the ratio of John R. Hewitt's pay to the median employee pay was 31 to one.
Joseph F. Montalbano, Chief Operating Officer, received a compensation package of $2M, which increased by 31% compared to previous year. 49.99% of the compensation package, or $988.4K, was in other compensation.
Alan R. Updyke, Chief Operating Officer, earned $1.6M in 2020, a 41% increase compared to previous year.
Kevin S. Cavanah, Chief Financial Officer, received $1.1M in 2020, which decreases by 21% compared to 2019.
Bradley J. Rinehart, President, Matrix Service Inc, earned $923.7K in 2020.
Glyn A. Rodgers, President, Matrix PDM Engineering, received $796.6K in 2020.
Jason W. Turner, President, Matrix North American Construction, earned $773.4K in 2020, a 22% decrease compared to previous year.
Matrix Service Company's fiscal year ends on June 30.

Related executives

John Hewitt

Matrix Service Company

Chief Executive Officer

Alan Updyke

Matrix Service Company

Chief Operating Officer

Kevin Cavanah

Matrix Service Company

Chief Financial Officer

Bradley Rinehart

Matrix Service Company

President, Matrix Service Inc

Glyn Rodgers

Matrix Service Company

President, Matrix PDM Engineering

Jason Turner

Matrix Service Company

President, Matrix North American Construction

Joseph Montalbano

Matrix Service Company

Chief Operating Officer

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Source: SEC filing on September 24, 2020.