LRAD CEO Richard Danforth's 2024 pay jumps 56% to $1M
LRAD reports 2024 executive compensation
By ExecPay News
Published: January 28, 2025
LRAD reported fiscal year 2024 executive compensation information on January 28, 2025.
In 2024, two LRAD executives received on average a compensation package of $708K, a 31% increase compared to previous year.
Average pay of disclosed executives at LRAD
Richard S. Danforth, Chief Executive Officer, received $1M in total, which increased by 56% compared to 2023. 57% of Danforth's compensation, or $593K, was in option awards. Danforth also received $437K in salary and $14K in other compensation.
Dennis D. Klahn, Chief Financial Officer, received a compensation package of $372K, which decreased by 10% compared to previous year. 76% of the compensation package, or $284K, was in salary.
LRAD's fiscal year ends on September 30.
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Source: SEC filing on January 28, 2025.