David B. Rayburn has been a key figure at Modine Manufacturing Co, serving as its President and CEO until his retirement in March 2008. He joined Modine in 1991 and climbed the ranks, becoming COO and then CEO in 2003....

Current Market Cap

$7.13B

Number of Employees

11.4K

Total Compensation

2008 - 2008

Trending up by 0.00% last year
Showing total compensation for the last 2008 - 2008

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2008

Total Compensation

$521.81K

Salary

$462.50K

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance, utilizing a mix of cash and equity-based compensation to attract and retain key talent.

Bonus

$0.00

Board Justification

No discretionary bonus payments were made for fiscal 2008 as the Company did not achieve the performance metrics set for the Management Incentive Plan (MIP).

Other

$59.31K

Board Justification

Other compensation includes contributions to retirement plans, life insurance premiums, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2008 as the grants were made in prior years and no new grants were made during fiscal 2008.

Performance Metrics

The performance metrics for the CEO's compensation were based on achieving specific financial goals related to gross margin and working capital as a percentage of revenue.

SEC Filing

From June 22, 2009

David B. Rayburn

Ex-CEO of Modine Manufacturing

DB

Education

N/A

Field of Expertise

Business & Management

Born

March 15, 1957 - 67 years ago

Is Founder?

No

Tenure

0 years 0 months (Apr 2008 - Mar 2008)

Previous Experience

Executive Vice President and Chief Operating Officer at Modine since May 2005; Various roles at Visteon Corporation and Ford Motor Company.