Patrick Industries CEO Andy Nemeth's 2020 pay jumps 107% to $7.5M

Patrick Industries reports 2020 executive compensation

By ExecPay News

Published: April 9, 2021

Patrick Industries reported fiscal year 2020 executive compensation information on April 9, 2021.
In 2020, seven executives at Patrick Industries received on average a compensation package of $3.3M, a 7% increase compared to previous year.
Average pay of disclosed executives at Patrick Industries
Andy L. Nemeth, Chief Executive Officer, received $7.5M in total, which increased by 107% compared to 2019. 47% of Nemeth's compensation, or $3.5M, was in stock awards. Nemeth also received $80K in bonus, $32K of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $1.7M in option awards, $589K in salary, as well as $21K in other compensation.
For fiscal year 2020, the median employee pay was $40,639 at Patrick Industries. Therefore, the ratio of Andy L. Nemeth's pay to the median employee pay was 184 to one.
Todd M. Cleveland, Chairman, received a compensation package of $5.6M, which decreased by 15% compared to previous year. 41% of the compensation package, or $2.3M, was in stock awards.
Kip B. Ellis, Chief Operating Officer, earned $3.5M in 2020, a 72% increase compared to previous year.
Jacob R. Petkovich, Chief Financial Officer, received $2.8M in 2020.
Jeffrey M. Rodino, Chief Sales Officerand Executive Vice President of Sales, earned $2.8M in 2020, a 66% increase compared to previous year.
John A. Forbes, Chief Financial Officer, received $642K in 2020.
Joshua A. Boone, Chief Financial Officer, earned $360K in 2020, a 77% decrease compared to previous year.

Related executives

Todd Cleveland

Patrick Industries

Chairman

Andy Nemeth

Patrick Industries

Chief Executive Officer

Jeffrey Rodino

Patrick Industries

Chief Sales Officerand Executive Vice President of Sales

Kip Ellis

Patrick Industries

Chief Operating Officer

Jacob Petkovich

Patrick Industries

Chief Financial Officer

Joshua Boone

Patrick Industries

Chief Financial Officer

John Forbes

Patrick Industries

Chief Financial Officer

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Source: SEC filing on April 9, 2021.