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....

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. Under his leadership, Modine focused on thermal management solutions vital for various applications, from vehicles to buildings. Interestingly, he retired during a transitional period, handing over stewardship to Thomas A. Burke. Rayburn’s departure came with a retirement agreement that ensured he would receive payments equating to his salary until 2010, along with benefits for health insurance and financial planning. Although he left, he remains a significant part of the company's story, having shaped its strategic direction for years. Outside of Modine, he also served on the boards of Twin Disc, Incorporated and Jason Incorporated, showcasing his broad influence within the industry.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Modine Manufacturing CEOs

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David B. Rayburn

Ex-CEO of Modine Manufacturing

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

March 15, 1957 - 68 years ago

CEO of Modine Manufacturing for

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.

Rivals

Competitors/colleagues of David B. Rayburn

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Craig Arnold

CEO of Eaton Corporation

2023 Compensation

Stock

$18.84M

Salary

$1.44M

Bonus

$0.00

Other

$234.61K

Total Holdings

$23.28M

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Beth A. Wozniak

CEO of nVent Electric plc

2023 Compensation

Stock

$8.77M

Salary

$1.01M

Bonus

$0.00

Other

$827.83K

Total Holdings

$39.29M

Holdings

See how much did David B. Rayburn make over time.

David B. Rayburn held a notable stake in Modine at the peak of his career. In 2007, he owned 372,321 shares, representing about 1.15% of the company's total stock. This ownership illustrates his commitment not just to the company but...

David B. Rayburn held a notable stake in Modine at the peak of his career. In 2007, he owned 372,321 shares, representing about 1.15% of the company's total stock. This ownership illustrates his commitment not just to the company but also reflects his personal investment in its success. Over time, his direct stock ownership varied, aligning with the company's performance and his role within it. As CEO, his significant stock options provided a considerable part of his compensation package, ensuring he had a vested interest in the company's long-term growth. His wealth was notably tied to Modine until his departure, after which his holdings were expected to transition as the new leadership took over.

Insider Trading

See recent insider trades of David B. Rayburn.

No insider trades found for this CEO.

Compensation History

See how much did David B. Rayburn make over time.

In 2008, David B. Rayburn's total compensation from Modine Manufacturing amounted to $1,020,808. This figure included a salary of $462,500, but notably, no bonus was awarded due to unachieved performance metrics. His compensation package also featured stock options, which were vested as part of a long-term incentive plan designed to reward executives for performance over time. Other than his salary, Rayburn received additional benefits totaling around $59,310, covering retirement contributions and life insurance premiums. His compensation philosophy was aimed at aligning executive pay with company performance, emphasizing a balance between cash and equity-based rewards. Despite a challenging year for performance, Rayburn's tenure illustrated a focus on sustainable growth.

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.

Other Modine Manufacturing CEOs

Here are other CEOs of Modine Manufacturing

Neil D. Brinker

CEO of Modine Manufacturing

December 2020 - Present