Applied Industrial Technologies CEO Neil Schrimsher's 2019 pay slips 3% to $4.5M

Applied Industrial Technologies reports 2019 executive compensation

By ExecPay News

Published: September 13, 2019

Applied Industrial Technologies reported fiscal year 2019 executive compensation information on September 13, 2019.

In 2019, five executives at Applied Industrial Technologies received on average a compensation package of $1.7M, a 15% increase compared to previous year.

Average pay of disclosed executives at Applied Industrial Technologies

Neil A. Schrimsher, Chief Executive Officer, received $4.5M in total, which decreased by 3% compared to 2018. 45% of Schrimsher's compensation, or $2M, was in stock awards. Schrimsher also received $652K in non-equity incentive plan, $696K in option awards, $900K in salary, as well as $245K in other compensation.

Fred D. Bauer, General Counsel, received a compensation package of $1.2M, which increased by 7% compared to previous year. 34% of the compensation package, or $420K, was in salary.

David K. Wells, Chief Financial Officer, earned $1.1M in 2019, a 18% decrease compared to previous year.

Kurt W. Loring, Chief Human Resources Officer, received $927K in 2019, which decreases by 7% compared to 2018.

Warren E. Hoffner, Vice President, General Manager - Fluid Power & Flow Control, earned $913K in 2019, a 1% decrease compared to previous year.

Applied Industrial Technologies' fiscal year ends on June 30.