David A. Bowers has been at the helm of Comp X International Inc. as the Vice Chairman and CEO since 2008. He played a significant role in guiding the company through strategic changes, including the sale of its Furniture Components division in 2012. Bowers’ leadership focuses on cash-based compensation structures; in 2014, he took home a total of about $1 million, combining a salary and performance-based bonuses. Bowers also actively engages in insider trading; his holdings showcased variations upward in value, peaking around $450K in early 2024. Interestingly, his bonuses have skyrocketed over the years, doubling from 39% to 108% of his salary from 2009 to 2011, reflecting a notable shift in the company’s performance. He stepped down from his previous role as President to focus on his CEO duties, concentrating on long-term shareholder value.

Comp X InternationalApril 2008 - August 2014

Number of Employees

555

2014 2013 2012 2011 2010 2009 2008

Year

2014

Total Compensation

$1.01M

Salary

$473.87K

Board Justification

The compensation program is primarily cash-based, focusing on base salaries and discretionary bonuses to attract and retain qualified executives while aligning their interests with long-term stockholder value.

Bonus

$500.00K

Board Justification

Discretionary incentive bonuses based on performance evaluations and recommendations from the management development and compensation committee.

Other

$36.07K

Board Justification

Includes employer's contributions to the 401(k) Plan and the CompX Capital Accumulation Plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2014 as there were no stock grants or options exercised.

Performance Metrics

Compensation is determined based on discretionary evaluations of performance, without specific financial performance measures.

SEC Filing

From April 24, 2015

View SEC Filing

David A. Bowers

Ex-CEO of Comp X International

Education

Not available

Field of Expertise

Business & Management

Born

January 1, 1959 - 66 years ago

Is Founder?

Tenure

6 years 4 months (Apr 2008 - Aug 2014)

Previous Experience

Various sales, marketing and executive positions with Comp X International Inc. since 1992.

Predecessor

None

Successor

Robert D. Graham

January 2017 - December 2022