In 2011, Patrick L. McDonald earned $631.48K in total compensation at Powell Industries, primarily from $560.60K salary. Led Powell Industries as CEO for 2 years.
Compensation History
Annual executive compensation data for Patrick L. McDonald, including salary, bonuses, and stock awards.
Year
2011
Total Compensation
$631.48K
Salary
$560.60K
Bonus
$0.00
Other
$70.88K
Salary
$560.60KBoard Justification
Consistent with the Company’s compensation philosophy and objectives discussed above, it is the Compensation Committee’s opinion that its use of the three primary elements of compensation described above provides competitive salaries, cash incentive compensation to encourage short-term performance and establishes long-term equity opportunities. The Company also adds value to the compensation package of its named executive officers through perquisites in the form of automobile allowance and contributions to the Company’s 401(k) Plan. Total compensation structure is intended to be in alignment with the interests of stockholders.
Bonus
$0.00Board Justification
N/A
Other Compensation
$70.88KBoard Justification
Matching contributions allocated by the Company to each of the named executive officers pursuant to the Powell Industries, Inc. 401(k) Plan; Automobile allowances for Mr. McDonald of $30,000; and Contributions of the Company’s common stock made by the Company to each of the named executive officers under the Powell Industries, Inc. ESOP based on the value of such common stock on the date such shares were earned and on 137 shares being allocated to each of the named executive officers for 2009.
Restricted Stock
Board Justification
N/A
Performance Metrics
The Company’s financial performance; The accomplishment of long-term strategic objectives; The development of the Company’s top management team; Specific objectives assigned to the Chief Executive Officer; and Leadership accomplishments.
Patrick L. McDonald
Ex-CEO of Powell Industries
Sector of Economy
Industrials
CEO of Powell Industries for
2 years 11 months (Oct 2008 - Sep 2011)
Previous Experience
Unknown
Other Powell Industries CEOs
Holdings
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Insider Trading
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No insider trades found for this CEO.
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