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...

Number of Employees

5.47K

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.

SEC Filing

From April 3, 2017