Nortech Systems CEO Michael Degen's 2010 pay jumps 61% to $510K
Nortech Systems reports 2010 executive compensation
By ExecPay News
Published: March 29, 2011
Nortech Systems reported fiscal year 2010 executive compensation information on March 29, 2011.
In 2010, three executives at Nortech Systems received on average a compensation package of $347K, a 64% increase compared to previous year.
Average pay of disclosed executives at Nortech Systems
Michael J. Degen, Chief Executive Officer, received $510K in total, which increased by 61% compared to 2009. 60% of Degen's compensation, or $308K, was in salary. Degen also received $128K in non-equity incentive plan and $74K in other compensation.
Richard G. Wasielewski, Chief Financial Officer, received a compensation package of $280K, which increased by 47% compared to previous year. 65% of the compensation package, or $183K, was in salary.
Curtis J. Steichen, Senior Vice President, earned $251K in 2010, a 48% increase compared to previous year.
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Source: SEC filing on March 29, 2011.