Sanfilippo John B & Son CFO Michael Valentine's 2019 pay jumps 103% to $2.7M
Sanfilippo John B & Son reports 2019 executive compensation
By ExecPay News
Published: September 13, 2019
Sanfilippo John B & Son reported fiscal year 2019 executive compensation information on September 13, 2019.
In 2019, five executives at Sanfilippo John B & Son received on average a compensation package of $2M, a 110% increase compared to previous year.
Average pay of disclosed executives at Sanfilippo John B & Son
Michael J. Valentine, Chief Financial Officer, received $2.7M in total, which increased by 103% compared to 2018. 37% of Valentine's compensation, or $994K, was in non-equity incentive plan. Valentine also received $805K of change in pension value and nonqualified deferred compensation earnings, $585K in salary, $299K in stock awards, as well as $32K in other compensation.
For fiscal year 2019, the median employee pay was $54,427 at Sanfilippo John B & Son. Therefore, the ratio of Michael J. Valentine's pay to the median employee pay was 50 to one.
Jeffrey T. Sanfilippo, Chief Executive Officer, received a compensation package of $2.6M, which increased by 113% compared to previous year. 38% of the compensation package, or $994K, was in non-equity incentive plan.
Jasper B. Sanfilippo, Jr, Chief Operating Officer, earned $2.5M in 2019, a 127% increase compared to previous year.
James A. Valentine, Senior Technical Officer, received $1.3M in 2019, which increases by 108% compared to 2018.
Christopher H. Gardier, Senior Vice President Consumer Sales, earned $793K in 2019, a 82% increase compared to previous year.
Sanfilippo John B & Son's fiscal year ends on June 28.
Related executives
Jeffrey Sanfilippo
Sanfilippo John B & Son
Chief Executive Officer
Michael Valentine
Sanfilippo John B & Son
Group President
Jasper Sanfilippo
Sanfilippo John B & Son
Chief Operating Officer
James Valentine
Sanfilippo John B & Son
Senior Technical Officer
Christopher Gardier
Sanfilippo John B & Son
Former Senior Vice President Consumer Sales
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Source: SEC filing on September 13, 2019.