Quanex Building Products CEO William Griffiths' 2019 pay falls 26% to $2.9M
Quanex Building Products reports 2019 executive compensation
By ExecPay News
Published: January 29, 2020
Quanex Building Products reported fiscal year 2019 executive compensation information on January 29, 2020.
In 2019, five executives at Quanex Building Products received on average a compensation package of $1.6M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Quanex Building Products
William C. Griffiths, Chief Executive Officer, received $2.9M in total, which decreased by 26% compared to 2018. 39% of Griffiths' compensation, or $1.1M, was in stock awards. Griffiths also received $66K of change in pension value and nonqualified deferred compensation earnings, $839K in non-equity incentive plan, $815K in salary, as well as $60K in other compensation.
For fiscal year 2019, the median employee pay was $42,574 at Quanex Building Products. Therefore, the ratio of William C. Griffiths' pay to the median employee pay was 69 to one.
Brent L. Korb, Chief Financial Officer, received a compensation package of $1.9M, which increased by 23% compared to previous year. 51% of the compensation package, or $969K, was in other compensation.
George L. Wilson, Chief Operating Officer, earned $1.4M in 2019, a 21% decrease compared to previous year.
Kevin P. Delaney, General Counsel, received $1.1M in 2019, which decreases by 32% compared to 2018.
Scott M. Zuehlke, Chief Financial Officer, earned $501K in 2019, a 24% decrease compared to previous year.
Quanex Building Products' fiscal year ends on October 31.
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Source: SEC filing on January 29, 2020.