David P. Storch served as the CEO of AAR Corp. from 2005 to 2018. He has a Bachelor's degree in Business Administration from the University of Michigan, which laid a solid foundation for his career in management. Under his leadership,...

Number of Employees

5K

Year

2018

Total Compensation

$2.14M

Salary

$750.00K

Board Justification

The compensation philosophy emphasizes performance-based compensation, aligning executive pay with company performance and shareholder interests.

Bonus

$0.00

Board Justification

Mr. Holmes elected not to receive a Fiscal 2019 bonus due to the unforeseen customer bankruptcy and to demonstrate his commitment as Chief Executive Officer to the Company’s compliance program.

Other

$344.08K

Board Justification

Includes contributions to retirement plans, club dues, financial planning, and executive physical costs.

Restricted Stock

$1.04M(22.04K restricted stock)

Board Justification

22,036 shares of restricted stock vested during Fiscal 2019, valued at $1,044,727 based on the closing market price on the date of vesting.

Performance Metrics

Earnings per share from continuing operations and working capital turns.

SEC Filing

From August 15, 2019