Coherent CEO John Ambroseo's 2019 pay falls 49% to $4.9M
Coherent reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
Coherent reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, five Coherent executives received on average a compensation package of $2.8M, a 22% decrease compared to previous year.
Average pay of disclosed executives at Coherent
John Ambroseo, Chief Executive Officer, received $4.9M in total, which decreased by 49% compared to 2018. 83% of Ambroseo's compensation, or $4.1M, was in stock awards. Ambroseo also received $820K in salary and $11K in other compensation.
For fiscal year 2019, the median employee pay was $69,018 at Coherent. Therefore, the ratio of John Ambroseo's pay to the median employee pay was 71 to one.
Mark Sobey, Executive Vice President and General Manager of OEM Laser Sources, received a compensation package of $3.2M, which increased by 46% compared to previous year. 86% of the compensation package, or $2.7M, was in stock awards.
Bret DiMarco, General Counsel, earned $2.9M in 2019, a 64% increase compared to previous year.
Kevin Palatnik, Chief Financial Officer, received $1.7M in 2019, which decreases by 25% compared to 2018.
Paul Sechrist, Former Executive Vice President Worldwide Sales and Services, earned $1.2M in 2019, a 37% decrease compared to previous year.
Coherent's fiscal year ends on October 2.
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Source: SEC filing on April 6, 2020.