Powell Industries CEO Brett Cope's 2019 pay rises 9% to $2M
Powell Industries reports 2019 executive compensation
By ExecPay News
Published: January 6, 2020
Powell Industries reported fiscal year 2019 executive compensation information on January 6, 2020.
In 2019, four executives at Powell Industries received on average a compensation package of $998K, a 21% decrease compared to previous year.
Average pay of disclosed executives at Powell Industries
Brett A. Cope, Chief Executive Officer, received $2M in total, which increased by 9% compared to 2018. 42% of Cope's compensation, or $850K, was in non-equity incentive plan. Cope also received $18K of change in pension value and nonqualified deferred compensation earnings, $495K in salary, $619K in stock awards, as well as $48K in other compensation.
Michael W. Metcalf, Chief Financial Officer, received a compensation package of $1M. 29% of the compensation package, or $302K, was in non-equity incentive plan.
Milburn E. Honeycutt, Chief Accounting Officer, earned $636K in 2019, which is about the same as previous year.
Don R. Madison, Secretary, received $279K in 2019, which decreases by 79% compared to 2018.
Powell Industries' fiscal year ends on September 30.
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Source: SEC filing on January 6, 2020.