Sundar PichaiSundar Pichai earned $164M in 2023
G

Fred Bauer

Ex-CEO of Gentex

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

January 1, 1952 - 73 years ago

Economy Sector

Consumer Cyclical

Tenure

17 years 11 months (Jan 2000 - Dec 2017)

Previous Experience

Various roles in the company since 1977

Fred Bauer was the Chief Executive Officer of Gentex Corporation from 2000 until his retirement at the end of 2017. He holds a degree in Business Administration and has been central to the company's success in automotive technology, particularly in...

Year

2016

Total Compensation

$798.35K

Salary

$542.20K

Board Justification

The compensation program is designed to align the interests of executives and employees with those of shareholders, emphasizing performance-based incentives.

Bonus

$159.98K

Board Justification

The additional profit-sharing bonuses and performance-based bonuses earned in 2016 under the Performance-Based Bonus Plan based on the achievement of performance metrics set forth therein.

Other

$96.17K

Board Justification

Other compensation includes matching contributions by the Company pursuant to its 401(k) plan, restricted stock dividends, personal use of automobiles, costs associated with personal use of Company aircraft, and membership fees at a local country club.

Restricted Stock

$0.00(0 N/A)

Board Justification

No restricted stock awards were granted to the CEO in 2016.

Performance Metrics

The performance metrics for the performance bonus under the Performance-Based Bonus Plan for 2016 included EBITDA, Diluted Earnings Per Share, and Quality.