Sanmina CEO Michael Clarke receives $11M in 2019
Sanmina reports 2019 executive compensation
By ExecPay News
Published: January 22, 2020
Sanmina reported fiscal year 2019 executive compensation information on January 22, 2020.
In 2019, six Sanmina executives received on average a compensation package of $3.9M, a 38% decrease compared to previous year.
Average pay of disclosed executives at Sanmina
Michael J. Clarke, Chief Executive Officer, received $11M in total. 57% of Clarke's compensation, or $6M, was in stock awards. Clarke also received $1.9M in non-equity incentive plan, $1.7M in option awards, $925K in salary, as well as $2.7K in other compensation.
For fiscal year 2019, the median employee pay was $14,354 at Sanmina. Therefore, the ratio of Michael J. Clarke's pay to the median employee pay was 732 to one.
Jure Sola, Chairman, received a compensation package of $5.7M, which decreased by 36% compared to previous year. 79% of the compensation package, or $4.5M, was in stock awards.
David Anderson, Chief Financial Officer, earned $2.4M in 2019, a 21% increase compared to previous year.
Hartmut Liebel, Chief Operating Officer, received $2.2M in 2019.
Dennis R. Young, Executive Vice President, Worldwide Sales, earned $1.3M in 2019.
Alan McW. Reid, Executive Vice President, Global Human Resources, received $1.2M in 2019, which increases by 75% compared to 2018.
Sanmina's fiscal year ends on September 30.
Related executives
Jure Sola
Sanmina
Chief Executive Officer
Michael Clarke
Sanmina
Chief Executive Officer
Hartmut Liebel
Sanmina
Chief Executive Officer
David Anderson
Sanmina
Chief Financial Officer
Dennis Young
Sanmina
Former Executive Vice President, Worldwide Sales
Alan Reid
Sanmina
Executive Vice President, Global Human Resources
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Source: SEC filing on January 22, 2020.