Toughbuilt Industries CEO Michael Panosian's 2019 pay falls 52% to $429.4K
Toughbuilt Industries reports 2019 executive compensation
By ExecPay News
Published: February 14, 2020
Toughbuilt Industries reported fiscal year 2019 executive compensation information on February 14, 2020.
In 2019, three executives at Toughbuilt Industries received on average a compensation package of $325.8K, a 47% decrease compared to previous year.
Michael Panosian, Chief Executive Officer, received $429.4K in total, which decreased by 52% compared to 2018. 89.66% of Panosian's compensation, or $385K, was in salary. Panosian also received $44.4K in other compensation.
Joshua Keeler, Vice President - R&D, received a compensation package of $317.9K, which decreased by 56% compared to previous year. 89.66% of the compensation package, or $285K, was in salary.
Zareh Khachatoorian, Chief Operating Officer, earned $230K in 2019, a 36% decrease compared to previous year.