PetMed Express CEO Menderes Akdag's 2020 pay jumps 52% to $1.3M
PetMed Express reports 2020 executive compensation
By ExecPay News
Published: June 19, 2020
PetMed Express reported fiscal year 2020 executive compensation information on June 19, 2020.
In 2020, two executives at PetMed Express received on average a compensation package of $938K, a 9% increase compared to previous year.
Average pay of disclosed executives at PetMed Express
Menderes Akdag, Chief Executive Officer, received $1.3M in total, which increased by 52% compared to 2019. 49% of Akdag's compensation, or $639K, was in stock awards. Akdag also received $618K in salary and $46K in other compensation.
For fiscal year 2020, the median employee pay was $40,356 at PetMed Express. Therefore, the ratio of Menderes Akdag's pay to the median employee pay was 32 to one.
Bruce S. Rosenbloom, Chief Financial Officer, received a compensation package of $573K, which decreased by 34% compared to previous year. 57% of the compensation package, or $327K, was in salary.
PetMed Express' fiscal year ends on March 31.
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Source: SEC filing on June 19, 2020.