K12 CEO Nathaniel Davis' 2019 pay jumps 52% to $9.8M
K12 reports 2019 executive compensation
By ExecPay News
Published: October 25, 2019
K12 reported fiscal year 2019 executive compensation information on October 25, 2019.
In 2019, five K12 executives received on average a compensation package of $5.6M, a 84% increase compared to previous year.
Average pay of disclosed executives at K12
Nathaniel A. Davis, Chief Executive Officer, received $9.8M in total, which increased by 52% compared to 2018. 78% of Davis' compensation, or $7.7M, was in stock awards. Davis also received $1.4M in non-equity incentive plan, $707K in salary, as well as $17K in other compensation.
For fiscal year 2019, the median employee pay was $52,182 at K12. Therefore, the ratio of Nathaniel A. Davis' pay to the median employee pay was 188 to one.
Schools Shaun E. McAlmont, President, Career Readiness Education, received a compensation package of $5.2M. 84% of the compensation package, or $4.3M, was in stock awards.
James J. Rhyu, Chief Financial Officer, earned $4.7M in 2019, a 148% increase compared to previous year.
Kevin P. Chavous, President of Academics, Policy and, received $4.3M in 2019, which increases by 130% compared to 2018.
Vincent W. Mathis, General Counsel, earned $4M in 2019.
K12's fiscal year ends on June 30.
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Source: SEC filing on October 25, 2019.