Sundar PichaiSundar Pichai earned $164M in 2023
J

Dan Fachner

CEO of J&J Snack Foods

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1960 - 65 years ago

Economy Sector

Consumer Defensive

Current Tenure

3 years 8 months (May 2021 - Present)

Previous Experience

President and CEO of The ICEE Company

Dan Fachner is the CEO of J&J Snack Foods Corp., a role he has held since May 11, 2021. His leadership follows a long tenure as President of The ICEE Company, which is a subsidiary of the snack foods giant....

Year

2023

Total Compensation

$3.14M

Salary

$950.00K

Board Justification

The compensation programs are designed to support business goals and promote both short-term and long-term growth, reflecting a results-oriented corporate culture that rewards achievement of aggressive goals.

Bonus

$1.32M

Board Justification

Based on the Company’s performance for 2023, both quantitative and qualitative, Mr. Fachner received a 2023 non-equity incentive payment of $1,324,945, approximately one hundred thirty-nine percent (139%) of the target amount.

Other

$57.81K

Board Justification

Includes automobile lease payments, company paid fuel cards, and 401(k) company match. For Mr. Fachner, also includes membership fees at a local country club.

Restricted Stock

$809.90K(4.95K RSU)

Board Justification

The time-vesting restricted stock units vest in equal one-third annual installments over a three-year service period. The performance-vesting restricted stock units vest at the target level based on our achievement of $396.57 million in cumulative adjusted EBITDA over a two-year performance period, provided Mr. Fachner remains employed for an additional year thereafter.

Performance Metrics

The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs are Adjusted EBITDA and Net Sales.