Motorcar Parts America CEO Selwyn Joffe's 2020 pay slips 16% to $3.1M
Motorcar Parts America reports 2020 executive compensation
By ExecPay News
Published: July 24, 2020
Motorcar Parts America reported fiscal year 2020 executive compensation information on July 24, 2020.
In 2020, five executives at Motorcar Parts America received on average a compensation package of $1.1M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Motorcar Parts America
Selwyn Joffe, Chief Executive Officer, received $3.1M in total, which decreased by 16% compared to 2019. 25% of Joffe's compensation, or $775K, was in option awards. Joffe also received $100 in bonus, $748K in non-equity incentive plan, $753K in salary, $709K in stock awards, as well as $102K in other compensation.
For fiscal year 2020, the median employee pay was $6,599 at Motorcar Parts America. Therefore, the ratio of Selwyn Joffe's pay to the median employee pay was 468 to one.
David Lee, Chief Financial Officer, received a compensation package of $802K, which increased by 25% compared to previous year. 40% of the compensation package, or $319K, was in salary.
Doug Schooner, Chief Manufacturing Officer, SVP, Operations Under-the-Car Product Lines, earned $656K in 2020, a 28% increase compared to previous year.
Michael Umansky, General Counsel, received $632K in 2020, which decreases by 21% compared to 2019.
Richard Mochulsky, SVP, Sales and Marketing, earned $536K in 2020, a 23% increase compared to previous year.
Motorcar Parts America's fiscal year ends on March 31.
Related executives
You may also like
Source: SEC filing on July 24, 2020.