Sanderson Farms CEO Joe Sanderson's 2019 pay slips 2% to $4.1M
Sanderson Farms reports 2019 executive compensation
By ExecPay News
Published: January 10, 2020
Sanderson Farms reported fiscal year 2019 executive compensation information on January 10, 2020.
In 2019, four executives at Sanderson Farms received on average a compensation package of $1.8M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Sanderson Farms
Joe F. Sanderson, Jr, Chief Executive Officer, received $4.1M in total, which decreased by 2% compared to 2018. 58% of Sanderson's compensation, or $2.4M, was in stock awards. Sanderson also received $1.5M in salary and $228K in other compensation.
For fiscal year 2019, the median employee pay was $31,297 at Sanderson Farms. Therefore, the ratio of Joe F. Sanderson, Jr's pay to the median employee pay was 133 to one.
Lampkin Butts, Chief Operating Officer, received a compensation package of $1.4M, which is about the same as previous year. 51% of the compensation package, or $741K, was in salary.
Mike Cockrell, Chief Financial Officer, earned $1.2M in 2019, a 1% decrease compared to previous year.
Tim Rigney, Secretary, received $448K in 2019, which increases by 2% compared to 2018.
Sanderson Farms' fiscal year ends on October 31.
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Source: SEC filing on January 10, 2020.