Graco CEO McHale takes pay cut
Three of four other top executives also take pay cut.
Tracking the pay of Minnesota’s business leaders
Patrick McHale
CEO
Graco (NYSE: GGG)
- Headquarters: Minneapolis
- Business: Makes paint sprayers and fluid-handling equipment
Total pay
- 2012: $4.73 million, down 7 percent
- 2011: $5.11 million
- 2010: $2.96 million
Base salary
- 2012: $677,000
- 2011: $658,000
Bonus
Incentive pay
- 2012: $938,000
- 2011: $987,000
Stock awards
Option awards
- 2012: $2.01 million
- 2011: $1.66 million
Change in pension value
- 2012: $1.01 million
- 2011: $972,000
Other compensation
- 2012: $16,000
- 2011: $12,000
Total compensation for other highly-compensated executives:
- James Graner[6], chief financial officer: $1.54 million, down 6 percent
- Dale Johnson[7], general manager of Contractor Equipment Division: $1.25 million, down 10 percent
- Simon Paulis[8], former general manger of Europe: $958,000, down 17 percent
- David Lowe[9], executive vice president, Industrial Products Division: $1.06 million, up 8 percent
Notes
Data comes from documents filed with the U.S. Securities and Exchange Commission[10].
Ed Stych reports on Twin Cities breaking business news for MSPBJ.com, manages online features, and writes the Fast 50 Diary features for the print edition.
References
- ^ Ed Stych (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ Google+ (plus.google.com)
- ^ LinkedIn (www.linkedin.com)
- ^ James Graner (feeds.bizjournals.com)
- ^ Dale Johnson (feeds.bizjournals.com)
- ^ Simon Paulis (feeds.bizjournals.com)
- ^ David Lowe (feeds.bizjournals.com)
- ^ U.S. Securities and Exchange Commission (www.bizjournals.com)