Toughbuilt Industries CEO Michael Panosian's 2020 pay rises 8% to $463K
Toughbuilt Industries reports 2020 executive compensation
By ExecPay News
Published: May 3, 2021
Toughbuilt Industries reported fiscal year 2020 executive compensation information on May 3, 2021.
In 2020, four executives at Toughbuilt Industries received on average a compensation package of $322K, a 1% decrease compared to previous year.
Michael Panosian, Chief Executive Officer, received $463K in total, which increased by 8% compared to 2019. 91% of Panosian's compensation, or $424K, was in salary. Panosian also received $40K in other compensation.
Joshua Keeler, VP of R&D, received a compensation package of $367K, which increased by 15% compared to previous year. 90% of the compensation package, or $330K, was in salary.
Zareh Khachatoorian, Chief Operating Officer, earned $239K in 2020, a 4% increase compared to previous year.
Martin Galstyan, Chief Financial Officer, received $219K in 2020.