Sotherly Hotels CEO Andrew Sims' 2019 pay rises 3% to $863K
Sotherly Hotels reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Sotherly Hotels reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, three executives at Sotherly Hotels received on average a compensation package of $658K, a 2% decrease compared to previous year.
Average pay of disclosed executives at Sotherly Hotels
Andrew M. Sims, Chief Executive Officer, received $863K in total, which increased by 3% compared to 2018. 70% of Sims' compensation, or $602K, was in salary. Sims also received $150K in bonus and $112K in other compensation.
For fiscal year 2019, the median employee pay was $149,965 at Sotherly Hotels. Therefore, the ratio of Andrew M. Sims' pay to the median employee pay was 6 to one.
David. R. Folsom, Chief Operating Officer, received a compensation package of $607K, which increased by 4% compared to previous year. 67% of the compensation package, or $409K, was in salary.
Anthony E. Domalski, Chief Financial Officer, earned $504K in 2019, a 17% decrease compared to previous year.
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Source: SEC filing on March 20, 2020.