Olympic Steel CEO Michael Siegal's 2009 pay falls 68% to $954K
Olympic Steel reports 2009 executive compensation
By ExecPay News
Published: April 1, 2010
Olympic Steel reported fiscal year 2009 executive compensation information on April 1, 2010.
In 2009, five executives at Olympic Steel received on average a compensation package of $571K, a 72% decrease compared to previous year.
Average pay of disclosed executives at Olympic Steel
Michael D. Siegal, Chief Executive Officer, received $954K in total, which decreased by 68% compared to 2008. 63% of Siegal's compensation, or $600K, was in salary. Siegal also received $222K in stock awards and $132K in other compensation.
David A. Wolfort, Chief Operating Officer, received a compensation package of $852K, which decreased by 70% compared to previous year. 64% of the compensation package, or $545K, was in salary.
Richard T. Marabito, Chief Financial Officer, earned $534K in 2009, a 78% decrease compared to previous year.
Esther Potash, Chief Information Officer, received $271K in 2009, which decreases by 70% compared to 2008.
Richard A. Manson, Vice President Human Resources Administration, earned $241K in 2009, a 72% decrease compared to previous year.
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Source: SEC filing on April 1, 2010.