Farmer Brothers CEO Michael Keown's 2019 pay slips 11% to $1.3M
Farmer Brothers reports 2019 executive compensation
By ExecPay News
Published: October 11, 2019
Farmer Brothers reported fiscal year 2019 executive compensation information on October 11, 2019.
In 2019, six executives at Farmer Brothers received on average a compensation package of $662K, a 23% decrease compared to previous year.
Average pay of disclosed executives at Farmer Brothers
Michael H. Keown, Chief Executive Officer, received $1.3M in total, which decreased by 11% compared to 2018. 51% of Keown's compensation, or $663K, was in salary. Keown also received $305K in option awards, $305K in stock awards, as well as $27K in other compensation.
David G. Robson, Chief Financial Officer, received a compensation package of $665K, which decreased by 26% compared to previous year. 56% of the compensation package, or $372K, was in salary.
Ellen D. Iobst, Chief Operations Officer, earned $589K in 2019, a 28% decrease compared to previous year.
Thomas J. Mattei, Jr, Chief Legal Officer, received $581K in 2019, which decreases by 3% compared to 2018.
Scott A. Siers, SVP, GM Sales, earned $469K in 2019, a 11% decrease compared to previous year.
Christopher P. Mottern, Chief Executive Officer, received $366K in 2019.
Farmer Brothers' fiscal year ends on June 30.
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Michael Keown
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Christopher Mottern
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David Robson
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Ellen Iobst
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Scott Siers
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Source: SEC filing on October 11, 2019.