Applied Industrial Technologies CEO Neil Schrimsher's 2018 pay rises 4% to $4.6M

Applied Industrial Technologies reports 2018 executive compensation

By ExecPay News

Published: September 14, 2018

Applied Industrial Technologies reported fiscal year 2018 executive compensation information on September 14, 2018.

In 2018, seven executives at Applied Industrial Technologies received on average a compensation package of $1.5M, a 10% decrease compared to previous year.

Average pay of disclosed executives at Applied Industrial Technologies

Neil A. Schrimsher, Chief Executive Officer, received $4.6M in total, which increased by 4% compared to 2017. 35% of Schrimsher's compensation, or $1.6M, was in stock awards. Schrimsher also received $1.4M in non-equity incentive plan, $562K in option awards, $875K in salary, as well as $229K in other compensation.

David K. Wells, Chief Financial Officer, received a compensation package of $1.4M. 29% of the compensation package, or $410K, was in salary.

Todd A. Barlett, Retired Vice President - Acquisitions and Global Business Development, earned $1.2M in 2018, a 7% increase compared to previous year.

Fred D. Bauer, General Counsel, received $1.1M in 2018, which decreases by 1% compared to 2017.

Kurt W. Loring, Chief Human Resources Officer, earned $993K in 2018, which is about the same as previous year.

Warren E. Hoffner, Vice President, General Manager - Fluid Power & Flow Control, received $920K in 2018, which increases by 3% compared to 2017.

Mark O. Eisele, Chief Financial Officer, earned $324K in 2018, a 78% decrease compared to previous year.

Applied Industrial Technologies' fiscal year ends on June 30.