Neogen CEO John Adent's 2020 pay rises 8% to $2.1M
Neogen reports 2020 executive compensation
By ExecPay News
Published: August 31, 2020
Neogen reported fiscal year 2020 executive compensation information on August 31, 2020.
In 2020, five Neogen executives received on average a compensation package of $1M, a 24% increase compared to previous year.
Average pay of disclosed executives at Neogen
John E. Adent, Chief Executive Officer, received $2.1M in total, which increased by 8% compared to 2019. 66% of Adent's compensation, or $1.4M, was in option awards. Adent also received $315K in bonus, $389K in salary, as well as $19K in other compensation.
For fiscal year 2020, the median employee pay was $36,414 at Neogen. Therefore, the ratio of John E. Adent's pay to the median employee pay was 58 to one.
Steven J. Quinlan, Chief Financial Officer, received a compensation package of $903K, which increased by 9% compared to previous year. 69% of the compensation package, or $622K, was in option awards.
Jason W. Lilly, Vice President, International Business, earned $754K in 2020, a 6% increase compared to previous year.
Terri A. Morrical, Vice President, Animal Safety, received $727K in 2020, which increases by 1% compared to 2019.
Jerome L. Hagedorn, Vice President, Food Safety Operations, earned $539K in 2020, a 44% increase compared to previous year.
Neogen's fiscal year ends on May 31.
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Source: SEC filing on August 31, 2020.