Sparton reports 2018 executive compensation

CEO Joseph J. Hartnett receives $1.1M

Sparton reported fiscal year 2018 executive compensation information on November 19, 2018.

In 2018, six Sparton executives received on average a compensation package of $606,805, a 16% decrease compared to previous year.

Average pay of disclosed executives at Sparton

Joseph J. Hartnett, Chief Executive Officer, received $1,052,210 in total, which decreased by 22% compared to 2017. 57.02% of Hartnett's compensation, or $600,000, was in salary. Hartnett also received $450,000 in non-equity incentive plan and $2,210 in other compensation.

Joseph G. McCormack, Chief Financial Officer, received a compensation package of $691,530, which decreased by 18% compared to previous year. 48.44% of the compensation package, or $335,000, was in salary.

Gordon B. Madlock, Senior Vice President, Operations, earned $630,651 in 2018, a 28% increase compared to previous year.

Steven M. Korwin, Senior Vice President, Quality and Engineering, received $549,300 in 2018, which increases by 23% compared to 2017.

Michael A. Gaul, Group Vice President, Manufacturing and Design Services, earned $457,860 in 2018.

Joseph T. Schneider, Senior Vice President, Sales and Marketing, received $259,281 in 2018, which decreases by 47% compared to 2017.

Sparton's fiscal year ends on June 30.