In 2024, Douglas A. Kaye III earned $339.58K in total compensation at American Vanguard, primarily from $39.58K salary. 1+ years at the helm of American Vanguard.
Compensation History
Annual executive compensation data for Douglas A. Kaye III, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$339.58K
Salary
$39.58K
Bonus
$0.00
Other
$300.00K
Salary
$39.58KBoard Justification
The Company believes that its executive compensation meets its primary objectives. In the midst of a transformative year, during which net sales were marginally down due to persistently low commodity prices and adjusted EBITDA was within the targeted range, the Company incurred significant nonrecurring charges that generated a net loss. While these necessary measures will lead to an improved balance sheet, the impact on overall financial performance was such that none of the NEOs received an incentive bonus. Consequently, while continuing to receive base wages that are at or above the median of Proxy Peers (on average), the NEOs received total direct compensation that was below the 25thpercentile of its Proxy Peers. In sum, we believe that the Company paid NEOs in a manner consistent with overall company performance.
Bonus
$0.00Board Justification
In light of 2024 performance, neither the incumbent CEO nor any of the other NEOs received any cash bonus for 2024 performance.
Other Compensation
$300.00KBoard Justification
Sign on bonus of $300,000 to be paid as follows: $200,000 at the end of the first quarter of 2025, and $100,000 at the end of the fourth quarter of 2025.
Restricted Stock
Board Justification
Not applicable, no stock vested in 2024.
Performance Metrics
For fiscal year 2025, the Company is redefining the objectives that will support incentive compensation. Specifically, cash incentives for executives will be as per a formula-driven plan that gives weight to five key performance indicators (KPIs) and two corporate goals relating to transformation and manufacturing/opex targets. These metrics will be weighted based upon a multi-factor scale (from lower to higher success) for each factor. Through this approach, we are shifting our focus toward improved accountability for achieving better financial performance and transformation results.
Douglas A. Kaye III
CEO of American Vanguard
Sector of Economy
Basic Materials
CEO of American Vanguard for
1 year 0 months (Dec 2024 - Present)
Previous Experience
Unknown
Other American Vanguard CEOs
Holdings
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Insider Trading
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No insider trades found for this CEO.
Rivals
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