Motorcar Parts America CEO Selwyn Joffe's 2019 pay jumps 23% to $3.7M
Motorcar Parts America reports 2019 executive compensation
By ExecPay News
Published: July 24, 2020
Motorcar Parts America reported fiscal year 2019 executive compensation information on July 24, 2020.
In 2019, five executives at Motorcar Parts America received on average a compensation package of $1.2M, a 3% increase compared to previous year.
Average pay of disclosed executives at Motorcar Parts America
Selwyn Joffe, Chief Executive Officer, received $3.7M in total, which increased by 23% compared to 2018. 56% of Joffe's compensation, or $2M, was in stock awards. Joffe also received $100 in bonus, $728K in option awards, $729K in salary, as well as $179K in other compensation.
For fiscal year 2019, the median employee pay was $1,675 at Motorcar Parts America. Therefore, the ratio of Selwyn Joffe's pay to the median employee pay was 2,197 to one.
Michael Umansky, General Counsel, received a compensation package of $799K, which decreased by 10% compared to previous year. 63% of the compensation package, or $506K, was in salary.
David Lee, Chief Financial Officer, earned $643K in 2019, a 21% decrease compared to previous year.
Doug Schooner, Chief Manufacturing Officer, SVP, Operations Under-the-Car Product Lines, received $513K in 2019, which decreases by 26% compared to 2018.
Richard Mochulsky, SVP, Sales and Marketing, earned $434K in 2019, a 13% decrease compared to previous year.
Motorcar Parts America's fiscal year ends on March 31.
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Source: SEC filing on July 24, 2020.