Sparton CEO Joseph Hartnett's 2018 pay falls 22% to $1.1M
Sparton reports 2018 executive compensation
By ExecPay News
Published: November 19, 2018
Sparton reported fiscal year 2018 executive compensation information on November 19, 2018.
In 2018, six Sparton executives received on average a compensation package of $607K, a 16% decrease compared to previous year.
Average pay of disclosed executives at Sparton
Joseph J. Hartnett, Chief Executive Officer, received $1.1M in total, which decreased by 22% compared to 2017. 57% of Hartnett's compensation, or $600K, was in salary. Hartnett also received $450K in non-equity incentive plan and $2.2K in other compensation.
Joseph G. McCormack, Chief Financial Officer, received a compensation package of $692K, which decreased by 18% compared to previous year. 48% of the compensation package, or $335K, was in salary.
Gordon B. Madlock, Senior Vice President, Operations, earned $631K in 2018, a 28% increase compared to previous year.
Steven M. Korwin, Senior Vice President, Quality and Engineering, received $549K in 2018, which increases by 23% compared to 2017.
Michael A. Gaul, Group Vice President, Manufacturing and Design Services, earned $458K in 2018.
Joseph T. Schneider, Senior Vice President, Sales and Marketing, received $259K in 2018, which decreases by 47% compared to 2017.
Sparton's fiscal year ends on June 30.
Related executives
Joseph Hartnett
Sparton
Chief Executive Officer
Joseph McCormack
Sparton
Chief Financial Officer
Gordon Madlock
Sparton
Senior Vice President, Operations
Joseph Schneider
Sparton
Senior Vice President, Sales and Marketing
Steven Korwin
Sparton
Senior Vice President, Quality and Engineering
Michael Gaul
Sparton
Group Vice President, Manufacturing and Design Services
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Source: SEC filing on November 19, 2018.