Koss CEO Michael Koss' 2012 pay slips 1% to $800K
Koss reports 2012 executive compensation
By ExecPay News
Published: August 27, 2012
Koss reported fiscal year 2012 executive compensation information on August 27, 2012.
In 2012, seven Koss executives received on average a compensation package of $433K, a 3% increase compared to previous year.
Average pay of disclosed executives at Koss
Michael J. Koss, Chief Executive Officer, received $800K in total, which decreased by 1% compared to 2011. 38% of Koss' compensation, or $304K, was in option awards. Koss also received $150K in non-equity incentive plan, $295K in salary, as well as $51K in other compensation.
Declan Hanley, Vice President — International Sales, received a compensation package of $529K, which increased by 2% compared to previous year. 54% of the compensation package, or $283K, was in non-equity incentive plan.
John Koss, Jr, Vice President — Sales, earned $494K in 2012, a 20% increase compared to previous year.
David Smith, Chief Financial Officer, received $444K in 2012, which increases by 11% compared to 2011.
John C. Koss, Chairman, earned $294K in 2012, a 17% decrease compared to previous year.
Lenore Lillie, Vice President — Operations, received $269K in 2012, which increases by 7% compared to 2011.
Cheryl Mike, Vice President — Human Resources Customer Service, earned $203K in 2012, a 10% increase compared to previous year.
Koss' fiscal year ends on June 30.
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Source: SEC filing on August 27, 2012.