cbdMD CEO Martin Sumichrast's 2022 pay falls 87% to $606K
cbdMD reports 2022 executive compensation
By ExecPay News
Published: January 4, 2023
cbdMD reported fiscal year 2022 executive compensation information on January 4, 2023.
In 2022, five cbdMD executives received on average a compensation package of $494K, a 76% decrease compared to previous year.
Average pay of disclosed executives at cbdMD
Martin A. Sumichrast, Chief Executive Officer, received $606K in total, which decreased by 87% compared to 2021. 50% of Sumichrast's compensation, or $301K, was in salary. Sumichrast also received $172K in stock awards and $133K in other compensation.
Ronan Kennedy, Chief Financial Officer, received a compensation package of $558K, which decreased by 23% compared to previous year. 49% of the compensation package, or $276K, was in salary.
Ronan Kennedy, Interim CEO and CFO, Chief Financial Officer, earned $558K in 2022.
Kevin Mac, Dermott, President, received $492K in 2022.
Scott Coffman, Chief Executive Officer, earned $259K in 2022, a 54% decrease compared to previous year.
cbdMD's fiscal year ends on September 30.
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Source: SEC filing on January 4, 2023.