Andrew K. Silvernail is the former CEO of IDEX Corporation, known for its innovative precision-engineered products. After taking the position in August 2011, he guided the company through important transitions, enhancing its market position. He has a solid educational background...

Number of Employees

8.8K

Year

2020

Total Compensation

$6.15M

Salary

$1.06M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and stockholder interests, while maintaining competitive compensation packages to attract and retain talent.

Bonus

$3.54M

Board Justification

Mr. Silvernail did not receive a bonus payment under the MICP, as he received a separation payment in an equivalent value to his annual bonus.

Other

$1.55M

Board Justification

Includes a separation payment equivalent to the value of the annual bonus Mr. Silvernail would have received had he remained employed by the Company, as well as contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Silvernail forfeited all of his equity-based awards that had not yet vested in connection with his separation from the Company on December 15, 2020.

Performance Metrics

The performance metrics include adjusted EPS, cash flow conversion, organic sales growth, and relative TSR.

SEC Filing

From March 23, 2021

Andrew K. Silvernail

Ex-CEO of IDEX

AK

Education

Bachelor's degree from the University of Michigan

Field of Expertise

Business & Management

Born

January 1, 1967 - 58 years ago

Is Founder?

No

Tenure

5 years 5 months (Jul 2015 - Dec 2020)

Previous Experience

Various management positions at IDEX Corporation