AXT CEO Morris Young's 2022 pay falls 50% to $1.4M
AXT reports 2022 executive compensation
By ExecPay News
Published: April 7, 2023
AXT reported fiscal year 2022 executive compensation information on April 7, 2023.
In 2022, two AXT executives received on average a compensation package of $1.1M, a 48% decrease compared to previous year.
Average pay of disclosed executives at AXT
Morris S. Young, Chief Executive Officer, received $1.4M in total, which decreased by 50% compared to 2021. 36% of Young's compensation, or $514K, was in stock awards. Young also received $385K in non-equity incentive plan, $479K in salary, as well as $38K in other compensation.
For fiscal year 2022, the median employee pay was $12,964 at AXT. Therefore, the ratio of Morris S. Young's pay to the median employee pay was 109 to one.
Gary L. Fischer, Chief Financial Officer, received a compensation package of $728K, which decreased by 42% compared to previous year. 49% of the compensation package, or $354K, was in salary.
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Source: SEC filing on April 7, 2023.