Schmitt Industries CEO Michael Zapata's 2020 pay jumps 288% to $429K
Schmitt Industries reports 2020 executive compensation
By ExecPay News
Published: November 12, 2020
Schmitt Industries reported fiscal year 2020 executive compensation information on November 12, 2020.
In 2020, three executives at Schmitt Industries received on average a compensation package of $273K, a 78% increase compared to previous year.
Average pay of disclosed executives at Schmitt Industries
Michael R. Zapata, Chief Executive Officer, received $429K in total, which increased by 288% compared to 2019. 35% of Zapata's compensation, or $152K, was in bonus. Zapata also received $140K in salary and $137K in stock awards.
Jamie Schmidt, Chief Financial Officer, received a compensation package of $265K, which increased by 919% compared to previous year. 35% of the compensation package, or $93K, was in bonus.
Ann M. Ferguson, Chief Financial Officer, earned $124K in 2020, a 45% decrease compared to previous year.
Schmitt Industries' fiscal year ends on May 31.
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Source: SEC filing on November 12, 2020.