Alan S. McKim has been the driving force behind Clean Harbors since he founded the company in 1980. He has seen the business evolve into a leader in environmental services. Alan earned his MBA from Northeastern University and has a...

Number of Employees

21.54K

Year

2023

Total Compensation

$3.10M

Salary

$991.25K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the Company's performance and shareholder interests, with at least 70% of total potential compensation being at risk.

Bonus

$1.29M

Board Justification

The bonus is based on the amount of base salary actually paid to Mr. McKim in 2023, resulting in a payout of $1,287,386, which is approximately 58% of the maximum total potential cash bonus target opportunity.

Other

$17.93K

Board Justification

Other compensation includes matching 401(k) Plan contributions, Company contributions to health savings plans, and group term life insurance benefits, all of which are available to all other full-time employees on a nondiscriminatory basis.

Restricted Stock

$804.40K(5.39K common stock)

Board Justification

The vested stock consists of restricted shares that were earned under performance-based awards that vest ratably on March 15, 2024, and March 15, 2025.

Performance Metrics

The performance metrics for determining the compensation include revenue, Adjusted EBITDA, Adjusted Free Cash Flow, and total recordable incident rate (TRIR).

SEC Filing

From April 10, 2024

Alan S. McKim

Founder and Ex-CEO of Clean Harbors

AS

Education

MBA from Northeastern University

Field of Expertise

Business & Management

Born

January 1, 1955 - 70 years ago

Is Founder?

Yes

Tenure

43 years 2 months (Jan 1980 - Mar 2023)

Previous Experience

Founder of Clean Harbors, Inc.