Nortech Systems CEO Michael Degen's 2008 pay rises 13% to $483K
Nortech Systems reports 2008 executive compensation
By ExecPay News
Published: May 1, 2009
Nortech Systems reported fiscal year 2008 executive compensation information on May 1, 2009.
In 2008, three executives at Nortech Systems received on average a compensation package of $331K, a 7% increase compared to previous year.
Average pay of disclosed executives at Nortech Systems
Michael J. Degen, Chief Executive Officer, received $483K in total, which increased by 13% compared to 2007. 65% of Degen's compensation, or $312K, was in salary. Degen also received $103K in non-equity incentive plan and $69K in other compensation.
Richard G. Wasielewski, Chief Financial Officer, received a compensation package of $267K, which increased by 1% compared to previous year. 69% of the compensation package, or $184K, was in salary.
Keith J. Pieper, Senior Vice President, earned $242K in 2008, a 1% increase compared to previous year.
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Source: SEC filing on May 1, 2009.