Farmer Brothers CEO Michael Keown's 2018 pay jumps 43% to $1.5M
Farmer Brothers reports 2018 executive compensation
By ExecPay News
Published: October 25, 2018
Farmer Brothers reported fiscal year 2018 executive compensation information on October 25, 2018.
In 2018, five executives at Farmer Brothers received on average a compensation package of $862K, a 60% increase compared to previous year.
Average pay of disclosed executives at Farmer Brothers
Michael H. Keown, Chief Executive Officer, received $1.5M in total, which increased by 43% compared to 2017. 39% of Keown's compensation, or $566K, was in salary. Keown also received $285K in non-equity incentive plan, $300K in option awards, $300K in stock awards, as well as $16K in other compensation.
David G. Robson, Chief Financial Officer, received a compensation package of $899K, which increased by 360% compared to previous year. 39% of the compensation package, or $352K, was in salary.
Ellen D. Iobst, Chief Operations Officer, earned $819K in 2018, a 68% increase compared to previous year.
Thomas J. Mattei, Jr, Chief Legal Officer, received $600K in 2018, which increases by 35% compared to 2017.
Scott A. Siers, SVP, GM Sales, earned $527K in 2018.
Farmer Brothers' fiscal year ends on June 30.
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Source: SEC filing on October 25, 2018.