Matrix Service Company CEO John Hewitt's 2023 pay falls 31% to $2.4M
Matrix Service Company reports 2023 executive compensation
By ExecPay News
Published: October 5, 2023
Matrix Service Company reported fiscal year 2023 executive compensation information on October 5, 2023.
In 2023, six executives at Matrix Service Company received on average a compensation package of $1.1M, a 32% decrease compared to previous year.
Average pay of disclosed executives at Matrix Service Company
John R. Hewitt, Chief Executive Officer, received $2.4M in total, which decreased by 31% compared to 2022. 65% of Hewitt's compensation, or $1.6M, was in stock awards. Hewitt also received $800K in salary and $37K in other compensation.
For fiscal year 2023, the median employee pay was $106,372 at Matrix Service Company. Therefore, the ratio of John R. Hewitt's pay to the median employee pay was 23 to one.
Alan R. Updyke, Chief Operating Officer, received a compensation package of $1.1M, which decreased by 25% compared to previous year. 50% of the compensation package, or $536K, was in stock awards.
Kevin S. Cavanah, Chief Financial Officer, earned $1M in 2023, a 25% decrease compared to previous year.
Bradley J. Rinehart, Former President, Matrix Service Inc, received $730K in 2023, which decreases by 24% compared to 2022.
Shawn P. Payne, President, Matrix Service Inc, earned $727K in 2023.
Glyn A. Rodgers, President, Matrix PDM Engineering, received $686K in 2023, which decreases by 21% compared to 2022.
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
Shawn Payne
Matrix Service Company
President, Matrix Service Inc
Glyn Rodgers
Matrix Service Company
President, Matrix PDM Engineering
Bradley Rinehart
Matrix Service Company
Former President, Matrix Service Inc
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Source: SEC filing on October 5, 2023.