Olympic Steel CEO Michael Siegal's 2011 pay jumps 136% to $2.3M
Olympic Steel reports 2011 executive compensation
By ExecPay News
Published: March 30, 2012
Olympic Steel reported fiscal year 2011 executive compensation information on March 30, 2012.
In 2011, six executives at Olympic Steel received on average a compensation package of $1.2M, a 117% increase compared to previous year.
Average pay of disclosed executives at Olympic Steel
Michael D. Siegal, Chief Executive Officer, received $2.3M in total, which increased by 136% compared to 2010. 33% of Siegal's compensation, or $755K, was in stock awards. Siegal also received $529K in non-equity incentive plan, $750K in salary, as well as $253K in other compensation.
David A. Wolfort, Chief Operating Officer, received a compensation package of $2.1M, which increased by 159% compared to previous year. 33% of the compensation package, or $705K, was in stock awards.
Richard T. Marabito, Chief Financial Officer, earned $1.5M in 2011, a 176% increase compared to previous year.
Donald R. McNeeley, President, CTI, received $696K in 2011.
Esther Potash, Chief Information Officer, earned $450K in 2011, a 58% increase compared to previous year.
Richard A. Manson, Vice President Treasurer, received $450K in 2011, which increases by 69% compared to 2010.
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Source: SEC filing on March 30, 2012.