QuickLogic CEO Brian Faith's 2020 pay jumps 181% to $842K
QuickLogic reports 2020 executive compensation
By ExecPay News
Published: March 29, 2021
QuickLogic reported fiscal year 2020 executive compensation information on March 29, 2021.
In 2020, three QuickLogic executives received on average a compensation package of $608K, a 147% increase compared to previous year.
Average pay of disclosed executives at QuickLogic
Brian C. Faith, Chief Executive Officer, received $842K in total, which increased by 181% compared to 2019. 55% of Faith's compensation, or $467K, was in stock awards. Faith also received $10K in bonus, $65K in non-equity incentive plan, as well as $300K in salary.
For fiscal year 2020, the median employee pay was $163,114 at QuickLogic. Therefore, the ratio of Brian C. Faith's pay to the median employee pay was 5 to one.
Timothy Saxe, Chief Technology Officer, received a compensation package of $497K, which increased by 122% compared to previous year. 47% of the compensation package, or $233K, was in stock awards.
Suping Sue Cheung, Chief Financial Officer, earned $485K in 2020, a 125% increase compared to previous year.
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Source: SEC filing on March 29, 2021.