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Luke R. Schmieder is the founder and former CEO of Mesa Laboratories, a company he started in 1982. He has been pivotal in shaping the company into a trusted supplier of instruments and consumables for healthcare and manufacturing quality control....

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Luke R. Schmieder

Founder and Ex-CEO of Mesa Laboratories

Education

Bachelor's degree in Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1943 - 82 years ago

CEO of Mesa Laboratories for

27 years 2 months (Jan 1982 - Mar 2009)

Previous Experience

Founder of Mesa Laboratories

Rivals

Competitors/colleagues of Luke R. Schmieder

Holdings

See how much did Luke R. Schmieder make over time.

Luke R. Schmieder held a significant stake in Mesa Laboratories, owning 191,603 shares, which represented about 5.9% of the company. His wealth from these holdings peaked during his time as CEO, especially in 2007 when the company was performing well,...

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Insider Trading

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Compensation History

See how much did Luke R. Schmieder make over time.

In 2007, Luke R. Schmieder saw his compensation peak at $238,876, which included a hefty bonus of $91,769 tied to the company's strong performance metrics. His earnings have fluctuated significantly over the years, reflecting the company’s performance and management decisions. By 2009, his total compensation had decreased to $111,315, including a salary of $85,221 and a $15,000 bonus, indicating a shift in focus as he prepared to step back from day-to-day operations. The compensation plan at Mesa Laboratories emphasized aligning executive pay with company results, and Schmieder's steady decline in compensation mirrored the company’s strategic adjustments and operational goals. He retired from the CEO position in March 2009 but still participated in company leadership as Chairman.

Year

2009

Total Compensation

$102.54K

Salary

$85.22K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate talent while aligning executive compensation with company performance and shareholder interests.

Bonus

$15.00K

Board Justification

The bonus is based on performance metrics including sales growth and profit growth, awarded after the fiscal year ends.

Other

$2.32K

Board Justification

This includes 401(k) matching funds and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2009 as no stock awards were granted that year.

Performance Metrics

Performance is measured by sales growth and profit growth.

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