David M. Kelly served as the CEO of Matthews International Corporation from 2005 until 2007, where he played a significant role in shaping the company’s direction during that time. With a strong background in business, Kelly joined Matthews after a...

David M. Kelly served as the CEO of Matthews International Corporation from 2005 until 2007, where he played a significant role in shaping the company’s direction during that time. With a strong background in business, Kelly joined Matthews after a 22-year career at Carrier Corporation, where he was involved in various high-level positions, including leading efforts in Asia and North America. He has a unique academic background that includes a bachelor's degree in Physics and two master's degrees—one in Molecular Biophysics from Yale and another in Business Administration from Harvard. In 2007, he transitioned from CEO to Chairman of the Board, remaining influential in the company until his term ended in 2008. His leadership style was marked by an emphasis on aligning executive interests with those of shareholders, indicating a focus on performance-based metrics rather than just fixed compensation. During his tenure, he demonstrated a talent for navigating complex business environments and building a solid corporate structure, showcasing his capability in executive roles.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Matthews International CEOs

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David M. Kelly

Ex-CEO of Matthews International

Education

Bachelor's Degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

March 25, 1947 - 78 years ago

CEO of Matthews International for

2 years 1 month (Jan 2005 - Feb 2007)

Previous Experience

President of Matthews International Corporation

Rivals

Competitors/colleagues of David M. Kelly

Holdings

See how much did David M. Kelly make over time.

During his time at Matthews International, David M. Kelly held a notable amount of stock, reflecting his commitment to the company’s growth. In recent reports, he owned around 536,741 shares, which accounted for about 1.8% of the total shares. His...

During his time at Matthews International, David M. Kelly held a notable amount of stock, reflecting his commitment to the company’s growth. In recent reports, he owned around 536,741 shares, which accounted for about 1.8% of the total shares. His holdings peaked at certain points, indicating significant wealth tied to the company's performance. However, his wealth in stock fluctuated, as he transitioned out of the CEO role. Despite this shift, he retained a significant stake, which showed his long-term vision for the company. His insider trading records revealed consistent engagement with the stock, marking him as a serious player in the company’s equity landscape. The financial and personal stakes he held highlight his dedication and belief in Matthews International's future.

Insider Trading

See recent insider trades of David M. Kelly.

No insider trades found for this CEO.

Compensation History

See how much did David M. Kelly make over time.

In 2007, David M. Kelly's total compensation amounted to $532,054. His salary of $465,731 was consistent with his leadership role, but interestingly, he did not receive any bonuses that year. The lack of a bonus indicates a strong performance expectation from the company, with compensation tied to metrics rather than guaranteed incentives. Prior to this, in 2005, he received a bonus of $486,500 based on measurable performance metrics. Other compensation included $348,118, which comprised benefits like life insurance and 401(k) matching contributions. This approach to compensation points to a structured philosophy that rewards long-term performance over short-term gains.

Year

2007

Total Compensation

$813.85K

Salary

$465.73K

Board Justification

The compensation philosophy emphasizes performance-based compensation elements while providing fixed compensation that is competitive with the market. The goal is to attract, retain, and motivate highly-qualified executives while aligning their interests with those of the shareholders.

Bonus

$0.00

Board Justification

The bonus is determined based on the operating performance of the business unit in accordance with the provisions of the Management Incentive Plan.

Other

$348.12K

Board Justification

Other compensation includes premiums for life insurance, matching contributions to the 401(k) Plan, and other benefits.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock awards were vested in 2007 as the amounts reflect the expense recognized for financial reporting purposes for fiscal 2007, in accordance with SFAS No. 123 (revised 2004).

Performance Metrics

The performance metrics are based on the economic value added, which is operating profit less the cost of capital.

Other Matthews International CEOs

Here are other CEOs of Matthews International

Joseph C. Bartolacci

Ex-CEO of Matthews International

October 2006 - July 2011