VALMONT INDUSTRIES CEO Mogens Bay receives $5.6M in 2006
VALMONT INDUSTRIES reports 2006 executive compensation
By ExecPay News
Published: March 22, 2007
VALMONT INDUSTRIES reported fiscal year 2006 executive compensation information on March 22, 2007.
In 2006, five executives at VALMONT INDUSTRIES received on average a compensation package of $2.1M.
Average pay of disclosed executives at VALMONT INDUSTRIES
Mogens C. Bay, Chief Executive Officer, received $5.6M in total. 41% of Bay's compensation, or $2.3M, was in stock awards. Bay also received $1.9M in non-equity incentive plan, $795K in salary, as well as $629K in other compensation.
Terry J. McClain, Chief Financial Officer, received a compensation package of $1.9M. 36% of the compensation package, or $674K, was in stock awards.
E. Robert Meaney, Secretary, earned $1.4M in 2006.
Mark C. Jaksich, Vice President, Corporate Controller, received $717K in 2006.
Mark E. Treinen, Vice President, Corporate Development and Treasurer, earned $694K in 2006.
VALMONT INDUSTRIES' fiscal year ends on December 28.
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Source: SEC filing on March 22, 2007.