fbpx
Home / Industry / Manufacturing / Compensation for IEC chief executive rises 17%

Compensation for IEC chief executive rises 17%

The top executive at IEC Electronics Corp. reported an increase in compensation in 2016 over 2015, a filing with the Securities & Exchange Commission shows.

CEO Jeffrey Schlarbaum received total compensation last year of $1.14 million, up 17 percent from $970,000 in 2015. The total compensation included a base salary of $353,000 and other items such as stock awards and a non-equity incentive compensation plan, the filing states. 
 
The other listed top executives’ compensation was
 
• Michael Williams, chief financial officer, who had total compensation of $526,000, up from $242,000 the prior year. The 2016 compensation included a base salary of $205,000; and
 
• Jens Hauvn, senior vice president of operations, had total compensation of $637,000 in 2016, up from $328,000 in 2015. Total compensation in 2016 includes a base salary of $220,000.
 
The filing also noted IEC is to hold its annual meeting of stockholders at March 7 at the offices of Harter Secrest & Emery LLC in Rochester. 
 
Among the action items are to elect seven directors to serve for the year; ratify the selection of Crowe Horwath LLP as its independent registered public accounting firm; and approve, on an advisory basis, the compensation of IEC’s executive officers. 
 
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.

x

Check Also

Renu Singh is CEO of UR Medicine Employee Wellness and Senior Associate Dean for Operations at the University of Rochester School of Nursing. (Photo by J. Adam Fenster / University of Rochester)

Singh oversees nurse-led employee wellness program at UR Medicine (access required)

Renu Singh has a passion for wellness and believes preventative care can play a major role in a person’s longevity ...

McCutchen

Local job market beginning to pick up traction (access required)

As enhanced federal unemployment benefits expire, one private employment firm is working to fill some 250 jobs across the Rochester ...

Rochester property development sector continues to innovate (access required)

The impact of the COVID-19 pandemic on the Rochester region and the entire world has been well documented. Most business ...