Motorcar Parts America CEO Selwyn Joffe's 2022 pay slips 7% to $4.3M
Motorcar Parts America reports 2022 executive compensation
By ExecPay News
Published: July 29, 2022
Motorcar Parts America reported fiscal year 2022 executive compensation information on July 29, 2022.
In 2022, five executives at Motorcar Parts America received on average a compensation package of $1.5M, a 4% increase compared to previous year.
Average pay of disclosed executives at Motorcar Parts America
Selwyn Joffe, Chief Executive Officer, received $4.3M in total, which decreased by 7% compared to 2021. 55% of Joffe's compensation, or $2.4M, was in stock awards. Joffe also received $100 in bonus, $1M in non-equity incentive plan, $810K in salary, as well as $117K in other compensation.
For fiscal year 2022, the median employee pay was $10,003 at Motorcar Parts America. Therefore, the ratio of Selwyn Joffe's pay to the median employee pay was 433 to one.
David Lee, Chief Financial Officer, received a compensation package of $965K, which increased by 26% compared to previous year. 37% of the compensation package, or $353K, was in stock awards.
Doug Schooner, Chief Manufacturing Officer, earned $822K in 2022, a 24% increase compared to previous year.
Juliet Stone, General Counsel, received $701K in 2022, which increases by 24% compared to 2021.
Richard Mochulsky, SVP, Sales and Marketing, earned $617K in 2022, a 20% increase compared to previous year.
Motorcar Parts America's fiscal year ends on March 31.
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Source: SEC filing on July 29, 2022.