Majesco CEO Adam Elster's 2019 pay slips 4% to $3.7M
Majesco reports 2019 executive compensation
By ExecPay News
Published: July 26, 2019
Majesco reported fiscal year 2019 executive compensation information on July 26, 2019.
In 2019, five Majesco executives received on average a compensation package of $1.2M, a 151% increase compared to previous year.
Average pay of disclosed executives at Majesco
Adam Elster, Chief Executive Officer, received $3.7M in total. 86% of Elster's compensation, or $3.2M, was in stock awards. Elster also received $265K in non-equity incentive plan, $250K in salary, as well as $1.1K in other compensation.
Manish D. Shah, President and Chief Product Officer, received a compensation package of $776K, which increased by 56% compared to previous year. 42% of the compensation package, or $329K, was in bonus.
Ketan Mehta, Chief Executive Officer, earned $632K in 2019, a 23% increase compared to previous year.
Prateek Kumar Solanki, Executive Vice President, received $565K in 2019.
James Miller, Chief Revenue Officer, earned $557K in 2019.
Majesco's fiscal year ends on March 31.
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Source: SEC filing on July 26, 2019.