Marine Products CEO Richard Hubbell's 2018 pay falls 47% to $1.2M
Marine Products reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Marine Products reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, three executives at Marine Products received on average a compensation package of $1M, a 37% increase compared to previous year.
Average pay of disclosed executives at Marine Products
Richard A. Hubbell, Chief Executive Officer, received $1.2M in total, which increased by 6% compared to 2017. 42% of Hubbell's compensation, or $500K, was in salary. Hubbell also received $400K in bonus and $279K in stock awards.
For fiscal year 2018, the median employee pay was $27,700 at Marine Products. Therefore, the ratio of Richard A. Hubbell's pay to the median employee pay was 43 to one.
R. Randall Rollins, Chairman, received a compensation package of $1.1M, which increased by 14% compared to previous year. 42% of the compensation package, or $450K, was in salary.
Ben M. Palmer, Chief Financial Officer, earned $849K in 2018, a 12% increase compared to previous year.
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Source: SEC filing on March 21, 2019.