Flexsteel Industries CEO Jerald Dittmer's 2023 pay jumps 54% to $3.1M
Flexsteel Industries reports 2023 executive compensation
By ExecPay News
Published: October 26, 2023
Flexsteel Industries reported fiscal year 2023 executive compensation information on October 26, 2023.
In 2023, three executives at Flexsteel Industries received on average a compensation package of $1.8M, a 48% increase compared to previous year.
Average pay of disclosed executives at Flexsteel Industries
Jerald K. Dittmer, Chief Executive Officer, received $3.1M in total, which increased by 54% compared to 2022. 45% of Dittmer's compensation, or $1.4M, was in stock awards. Dittmer also received $891K in non-equity incentive plan, $735K in salary, as well as $44K in other compensation.
Derek P. Schmidt, Chief Financial Officer, received a compensation package of $1.4M, which increased by 50% compared to previous year. 41% of the compensation package, or $585K, was in stock awards.
Timothy P. Newlin, Vice President of Strategic Business Development, earned $798K in 2023.
Flexsteel Industries' fiscal year ends on June 30.
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Source: SEC filing on October 26, 2023.