Thermon Group Holdings CEO Bruce Thames' 2019 pay jumps 38% to $3.1M

Thermon Group Holdings reports 2019 executive compensation

By ExecPay News

Published: June 14, 2019

Thermon Group Holdings reported fiscal year 2019 executive compensation information on June 14, 2019.
In 2019, five executives at Thermon Group Holdings received on average a compensation package of $1.3M, a 3% increase compared to previous year.
Average pay of disclosed executives at Thermon Group Holdings
Bruce A. Thames, Chief Executive Officer, received $3.1M in total, which increased by 38% compared to 2018. 40% of Thames' compensation, or $1.2M, was in stock awards. Thames also received $1.2M in non-equity incentive plan, $618K in salary, as well as $11K in other compensation.
For fiscal year 2019, the median employee pay was $52,907 at Thermon Group Holdings. Therefore, the ratio of Bruce A. Thames' pay to the median employee pay was 59 to one.
Jay C. Peterson, Chief Financial Officer, received a compensation package of $1.2M, which increased by 30% compared to previous year. 39% of the compensation package, or $477K, was in non-equity incentive plan.
Johannes van der Salm, SVP, Global Operations, earned $1.2M in 2019, a 31% increase compared to previous year.
Eric C. Reitler, SVP, Global Sales, received $649K in 2019, which decreases by 28% compared to 2018.
Thomas N. Cerovski, SVP, Global Sales, earned $297K in 2019.
Thermon Group Holdings' fiscal year ends on March 31.

Related executives

Bruce Thames

Thermon Group Holdings

Chief Executive Officer

Jay Peterson

Thermon Group Holdings

Chief Financial Officer

Thomas Cerovski

Thermon Group Holdings

SVP, Sales

Johannes der Salm

Thermon Group Holdings

Former SVP, Global Operations

Eric Reitler

Thermon Group Holdings

SVP, Global Sales

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Source: SEC filing on June 14, 2019.