Matrix Service Company CEO John Hewitt's 2020 pay falls 22% to $2.5M
Matrix Service Company reports 2020 executive compensation
By ExecPay News
Published: September 24, 2020
Matrix Service Company reported fiscal year 2020 executive compensation information on September 24, 2020.
In 2020, seven executives at Matrix Service Company received on average a compensation package of $1.4M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Matrix Service Company
John R. Hewitt, Chief Executive Officer, received $2.5M in total, which decreased by 22% compared to 2019. 63% of Hewitt's compensation, or $1.6M, was in stock awards. Hewitt also received $100K in non-equity incentive plan, $800K in salary, as well as $40K in other compensation.
For fiscal year 2020, the median employee pay was $82,145 at Matrix Service Company. Therefore, the ratio of John R. Hewitt's pay to the median employee pay was 31 to one.
Joseph F. Montalbano, Chief Operating Officer, received a compensation package of $2M, which increased by 31% compared to previous year. 50% of the compensation package, or $988K, was in other compensation.
Alan R. Updyke, Chief Operating Officer, earned $1.6M in 2020, a 41% increase compared to previous year.
Kevin S. Cavanah, Chief Financial Officer, received $1.1M in 2020, which decreases by 21% compared to 2019.
Bradley J. Rinehart, President, Matrix Service Inc, earned $924K in 2020.
Glyn A. Rodgers, President, Matrix PDM Engineering, received $797K in 2020.
Jason W. Turner, President, Matrix North American Construction, earned $773K in 2020, a 22% decrease compared to previous year.
Matrix Service Company's fiscal year ends on June 30.
Related executives
John Hewitt
Matrix Service Company
Chief Executive Officer
Alan Updyke
Matrix Service Company
Chief Operating Officer
Kevin Cavanah
Matrix Service Company
Chief Financial Officer
Bradley Rinehart
Matrix Service Company
Former President, Matrix Service Inc
Glyn Rodgers
Matrix Service Company
President, Matrix PDM Engineering
Jason Turner
Matrix Service Company
President, Matrix North American Construction
Joseph Montalbano
Matrix Service Company
Chief Operating Officer
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Source: SEC filing on September 24, 2020.