Schmitt Industries Director and President James Fitzhenry's 2010 pay falls 23% to $207K
Schmitt Industries reports 2010 executive compensation
By ExecPay News
Published: August 27, 2010
Schmitt Industries reported fiscal year 2010 executive compensation information on August 27, 2010.
In 2010, four executives at Schmitt Industries received on average a compensation package of $168K, a 26% decrease compared to previous year.
Average pay of disclosed executives at Schmitt Industries
James A. Fitzhenry, Director and President, received $207K in total, which decreased by 23% compared to 2009. 69% of Fitzhenry's compensation, or $143K, was in salary. Fitzhenry also received $64K in option awards.
Wayne A. Case, Chief Executive Officer, received a compensation package of $200K, which decreased by 30% compared to previous year. 97% of the compensation package, or $194K, was in salary.
Jeffrey T Siegal, Chief Financial Officer, earned $151K in 2010, a 29% decrease compared to previous year.
David W. Case, Vice President of Operations, received $115K in 2010, which decreases by 19% compared to 2009.
Schmitt Industries' fiscal year ends on May 31.
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Source: SEC filing on August 27, 2010.