Middleby CFO Timothy FitzGerald's 2018 pay jumps 507% to $3.6M
Middleby reports 2018 executive compensation
By ExecPay News
Published: April 18, 2019
Middleby reported fiscal year 2018 executive compensation information on April 18, 2019.
In 2018, four Middleby executives received on average a compensation package of $1.8M, a 197% increase compared to previous year.
Average pay of disclosed executives at Middleby
Timothy J. FitzGerald, Chief Financial Officer, received $3.6M in total, which increased by 507% compared to 2017. 52% of FitzGerald's compensation, or $1.9M, was in stock awards. FitzGerald also received $850K in bonus, $850K in salary, as well as $12K in other compensation.
For fiscal year 2018, the median employee pay was $41,798 at Middleby. Therefore, the ratio of Timothy J. FitzGerald's pay to the median employee pay was 85 to one.
Selim A. Bassoul, Chief Executive Officer, received a compensation package of $1.5M, which increased by 46% compared to previous year. 97% of the compensation package, or $1.5M, was in salary.
David Brewer, Chief Operating Officer, earned $1.5M in 2018, a 146% increase compared to previous year.
Martin M. Lindsay, Corporate Treasurer, received $778K in 2018, which increases by 240% compared to 2017.
Middleby's fiscal year ends on December 28.
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Source: SEC filing on April 18, 2019.