KAR Auction Services CEO Jim Hallett's 2020 pay rises 6% to $5.8M
KAR Auction Services reports 2020 executive compensation
By ExecPay News
Published: April 23, 2021
KAR Auction Services reported fiscal year 2020 executive compensation information on April 23, 2021.
In 2020, five executives at KAR Auction Services received on average a compensation package of $2.7M, a 2% decrease compared to previous year.
Average pay of disclosed executives at KAR Auction Services
Jim Hallett, Chief Executive Officer, received $5.8M in total, which increased by 6% compared to 2019. 67% of Hallett's compensation, or $3.9M, was in stock awards. Hallett also received $931K in non-equity incentive plan, $975K in salary, as well as $42K in other compensation.
For fiscal year 2020, the median employee pay was $40,373 at KAR Auction Services. Therefore, the ratio of Jim Hallett's pay to the median employee pay was 145 to one.
Peter Kelly, President, received a compensation package of $2.4M, which increased by 11% compared to previous year. 56% of the compensation package, or $1.4M, was in stock awards.
Eric Loughmiller, Chief Financial Officer, earned $2.4M in 2020, a 7% increase compared to previous year.
John Hammer, Chief Commercial Officer for KAR and President of ADESA, received $1.8M in 2020, which decreases by 17% compared to 2019.
Tom Fisher, Executive Vice President and Chief Digital Officer, earned $1.2M in 2020.
Related executives
Jim Hallett
KAR Auction Services
Chairman
Eric Loughmiller
KAR Auction Services
Chief Financial Officer
Peter Kelly
KAR Auction Services
Chief Executive Officer
John Hammer
KAR Auction Services
Chief Commercial Officer for KAR and President of ADESA
Tom Fisher
KAR Auction Services
Executive Vice President and Chief Digital Officer
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Source: SEC filing on April 23, 2021.