cbdMD CEO Martin Sumichrast's 2020 pay jumps 44% to $727K
cbdMD reports 2020 executive compensation
By ExecPay News
Published: January 25, 2021
cbdMD reported fiscal year 2020 executive compensation information on January 25, 2021.
In 2020, three cbdMD executives received on average a compensation package of $582K, a 112% increase compared to previous year.
Average pay of disclosed executives at cbdMD
Martin A. Sumichrast, Chief Executive Officer, received $727K in total, which increased by 44% compared to 2019. 39% of Sumichrast's compensation, or $286K, was in stock awards. Sumichrast also received $160K in bonus and $281K in salary.
Mark S. Elliott, Chief Financial Officer, received a compensation package of $546K, which increased by 71% compared to previous year. 50% of the compensation package, or $274K, was in stock awards.
R. Scott Coffman, Chief Executive Officer, earned $473K in 2020, a 258% increase compared to previous year.
cbdMD's fiscal year ends on September 30.
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Source: SEC filing on January 25, 2021.