Nortech Systems CEO Michael Degen's 2009 pay falls 34% to $317K
Nortech Systems reports 2009 executive compensation
By ExecPay News
Published: March 30, 2010
Nortech Systems reported fiscal year 2009 executive compensation information on March 30, 2010.
In 2009, four executives at Nortech Systems received on average a compensation package of $212K, a 36% decrease compared to previous year.
Average pay of disclosed executives at Nortech Systems
Michael J. Degen, Chief Executive Officer, received $317K in total, which decreased by 34% compared to 2008. 97% of Degen's compensation, or $309K, was in salary. Degen also received $8.1K in other compensation.
Richard G. Wasielewski, Chief Financial Officer, received a compensation package of $191K, which decreased by 28% compared to previous year. 96% of the compensation package, or $184K, was in salary.
Curtis J. Steichen, Senior Vice President, earned $170K in 2009.
Keith J. Pieper, Senior Vice President, received $170K in 2009, which decreases by 30% compared to 2008.
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Source: SEC filing on March 30, 2010.