Toughbuilt Industries CEO Michael Panosian's 2018 pay rises 3% to $890K
Toughbuilt Industries reports 2018 executive compensation
By ExecPay News
Published: May 2, 2019
Toughbuilt Industries reported fiscal year 2018 executive compensation information on May 2, 2019.
In 2018, four executives at Toughbuilt Industries received on average a compensation package of $613K, a 54% increase compared to previous year.
Average pay of disclosed executives at Toughbuilt Industries
Michael Panosian, Chief Executive Officer, received $890K in total, which increased by 3% compared to 2017. 31% of Panosian's compensation, or $276K, was in salary. Panosian also received $150K in bonus, $221K in option awards, $225K in stock awards, as well as $18K in other compensation.
Joshua Keeler, Vice President - R&D, received a compensation package of $717K, which increased by 143% compared to previous year. 31% of the compensation package, or $221K, was in option awards.
Manu Ohri, Chief Financial Officer, earned $485K in 2018, a 94% increase compared to previous year.
Zareh Khachatoorian, Chief Operating Officer, received $358K in 2018, which increases by 99% compared to 2017.
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Source: SEC filing on May 2, 2019.