Sundar PichaiSundar Pichai earned $164M in 2023
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Daryl M. Adams

Ex-CEO of The Shyft Group

Education

Masters in Business Administration from Michigan State University; Bachelor of Science in Industrial Management and Manufacturing from Lawrence Institute of Technology

Field of Expertise

Business & Management

Born

January 1, 1962 - 63 years ago

Economy Sector

Industrials

Tenure

8 years 8 months (Feb 2015 - Oct 2023)

Previous Experience

Chief Operating Officer of The Shyft Group, Inc.; Chief Executive Officer of Midway Products Group; various management positions at Lear Corporation

Daryl M. Adams is the former President and CEO of The Shyft Group, where he led the company from February 2015 until October 2023. He has a strong background in management and manufacturing, holding both a Master of Business Administration...

Year

2023

Total Compensation

$1.17M

Salary

$870.35K

Board Justification

The compensation philosophy is designed to attract and retain qualified management, align interests with shareholders, and reward performance based on annual and long-term goals.

Bonus

$0.00

Board Justification

Mr. Adams' annual incentive payment is prorated through the completion of his tenure as CEO on October 26, 2023, with a payout of 32% of target based on performance metrics.

Other

$70.86K

Board Justification

Includes club membership dues and reimbursement of legal fees incurred in connection with the Transition Agreement.

Restricted Stock

$225.58K(18.46K RSU)

Board Justification

These RSUs are expected to vest in full on April 25, 2024, the expected date of the termination of Mr. Adams’ employment.

Performance Metrics

The performance metrics for Mr. Adams included Company Adjusted EBITDA, Free Cash Flow, and individual management business objectives.