Thermon Group Holdings CEO Bruce Thames' 2020 pay falls 30% to $2.2M
Thermon Group Holdings reports 2020 executive compensation
By ExecPay News
Published: June 12, 2020
Thermon Group Holdings reported fiscal year 2020 executive compensation information on June 12, 2020.
In 2020, five executives at Thermon Group Holdings received on average a compensation package of $1M, a 22% decrease compared to previous year.
Average pay of disclosed executives at Thermon Group Holdings
Bruce A. Thames, Chief Executive Officer, received $2.2M in total, which decreased by 30% compared to 2019. 59% of Thames' compensation, or $1.3M, was in stock awards. Thames also received $234K in non-equity incentive plan, $643K in salary, as well as $11K in other compensation.
For fiscal year 2020, the median employee pay was $53,926 at Thermon Group Holdings. Therefore, the ratio of Bruce A. Thames' pay to the median employee pay was 41 to one.
Jay C. Peterson, Chief Financial Officer, received a compensation package of $822K, which decreased by 34% compared to previous year. 49% of the compensation package, or $400K, was in stock awards.
Johannes van der Salm, SVP, Global Operations, earned $760K in 2020, a 34% decrease compared to previous year.
Thomas N. Cerovski, SVP, Global Sales, received $645K in 2020, which increases by 117% compared to 2019.
Mark Roberts, SVP, Global Engineering & Project Services, earned $613K in 2020.
Thermon Group Holdings' fiscal year ends on March 31.
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Source: SEC filing on June 12, 2020.