Sanfilippo John B & Son CFO Michael Valentine's 2020 pay jumps 37% to $3.7M
Sanfilippo John B & Son reports 2020 executive compensation
By ExecPay News
Published: September 11, 2020
Sanfilippo John B & Son reported fiscal year 2020 executive compensation information on September 11, 2020.
In 2020, five executives at Sanfilippo John B & Son received on average a compensation package of $2.6M, a 31% increase compared to previous year.
Average pay of disclosed executives at Sanfilippo John B & Son
Michael J. Valentine, Chief Financial Officer, received $3.7M in total, which increased by 37% compared to 2019. 41% of Valentine's compensation, or $1.5M, was of change in pension value and nonqualified deferred compensation earnings. Valentine also received $1.2M in non-equity incentive plan, $643K in salary, $310K in stock awards, as well as $42K in other compensation.
For fiscal year 2020, the median employee pay was $65,797 at Sanfilippo John B & Son. Therefore, the ratio of Michael J. Valentine's pay to the median employee pay was 57 to one.
Jeffrey T. Sanfilippo, Chief Executive Officer, received a compensation package of $3.6M, which increased by 37% compared to previous year. 39% of the compensation package, or $1.4M, was of change in pension value and nonqualified deferred compensation earnings.
Jasper B. Sanfilippo, Jr, Chief Operating Officer, earned $3.4M in 2020, a 36% increase compared to previous year.
James A. Valentine, Senior Technical Officer, received $1.5M in 2020, which increases by 15% compared to 2019.
Christopher H. Gardier, Senior Vice President Consumer Sales, earned $822K in 2020, a 4% 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 11, 2020.