Neogen CEO John Adent's 2019 pay rises 6% to $2M
Neogen reports 2019 executive compensation
By ExecPay News
Published: August 31, 2020
Neogen reported fiscal year 2019 executive compensation information on August 31, 2020.
In 2019, six Neogen executives received on average a compensation package of $816K, a 7% decrease compared to previous year.
Average pay of disclosed executives at Neogen
John E. Adent, Chief Executive Officer, received $2M in total, which increased by 6% compared to 2018. 68% of Adent's compensation, or $1.3M, was in option awards. Adent also received $158K in bonus, $450K in salary, as well as $18K in other compensation.
For fiscal year 2019, the median employee pay was $34,497 at Neogen. Therefore, the ratio of John E. Adent's pay to the median employee pay was 57 to one.
Steven J. Quinlan, Chief Financial Officer, received a compensation package of $828K, which decreased by 17% compared to previous year. 65% of the compensation package, or $535K, was in option awards.
Terri A. Morrical, Vice President,, earned $716K in 2019, a 17% decrease compared to previous year.
Jason W. Lilly, Vice President, International Business, received $708K in 2019, which decreases by 15% compared to 2018.
Jerome L. Hagedorn, Vice President, Food Safety Operations, earned $375K in 2019, a 959% increase compared to previous year.
James L. Herbert, Chairman, received $306K in 2019, which decreases by 85% compared to 2018.
Neogen's fiscal year ends on May 31.
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Source: SEC filing on August 31, 2020.