Howard B. Witt served as the CEO of Littelfuse, Inc. from 2004 until his retirement in December 2004. He joined the company in 1979 and worked his way up through various management roles, finally becoming President, Chairman, and CEO. During...

Howard B. Witt served as the CEO of Littelfuse, Inc. from 2004 until his retirement in December 2004. He joined the company in 1979 and worked his way up through various management roles, finally becoming President, Chairman, and CEO. During his time, Witt was known for driving performance metrics including sales and earnings, which directly influenced his bonuses. In 2004, he earned a total compensation of over $1.8 million, combining salary and performance-based bonuses. Witt worked with several notable boards, including Franklin Electric Co., and has been influential in industry associations like the Electronic Industries Alliance. After retirement, he continued to serve as a director for Littelfuse, ensuring a legacy within the company. His experience has contributed significantly to the company’s development over the years.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Littelfuse CEOs

L

Howard B. Witt

Ex-CEO of Littelfuse

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

December 31, 1929 - 95 years ago

CEO of Littelfuse for

0 years 11 months (Jan 2004 - Dec 2004)

Previous Experience

Chairman, President and Chief Executive Officer of Littelfuse, Inc.

Rivals

Competitors/colleagues of Howard B. Witt

N

Kurt Sievers

CEO of NXP Semiconductors

2023 Compensation

Stock

$7.50M

Salary

$1.50M

Bonus

$2.50M

Other

$500.00K

Total Holdings

$47.01M

T

Terrence R. Curtin

CEO of TE Connectivity

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$2.08M

Other

$368.57K

Total Holdings

$16.53M

A

Stephen D. Kelley

CEO of Advanced Energy Industries

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$877.50K

Other

$0.00

Total Holdings

$12.93M

M

Steve Sanghi

CEO of Microchip Technology

2021 Compensation

Stock

$3.74M

Salary

$484.88K

Bonus

$38.13K

Other

$18.27K

Total Holdings

$548.04M

A

Sean J. Kerins

CEO of Arrow Electronics

2023 Compensation

Stock

$4.00M

Salary

$1.00M

Bonus

$0.00

Other

$14.07K

Total Holdings

$12.28M

Holdings

See how much did Howard B. Witt make over time.

At Littelfuse, Howard B. Witt owned about 492,800 shares, amounting to approximately 2.2% of the company's stock. His personal wealth was closely tied to the company's performance, as most of his net worth relied on these holdings. Over time, as...

At Littelfuse, Howard B. Witt owned about 492,800 shares, amounting to approximately 2.2% of the company's stock. His personal wealth was closely tied to the company's performance, as most of his net worth relied on these holdings. Over time, as the company grew, so did the value of his shares. At one point, his holdings represented a significant portion of his wealth, illustrating his strong investment in the company's future. Post his retirement, this stake in Littelfuse remained a key part of his portfolio, although the value fluctuated with the company's market performance.

Insider Trading

See recent insider trades of Howard B. Witt.

No insider trades found for this CEO.

Compensation History

See how much did Howard B. Witt make over time.

In 2004, Howard B. Witt received a total compensation package of $1,840,644, which included a base salary of $550,000 and a performance bonus of $487,867. His bonus tied directly to the company's performance metrics reflected his commitment to driving the company's success. There were no stock grants in that year, but he was awarded options for 30,000 shares that became available in future years. Witt's compensation emphasized aligning executive pay with company performance and shareholder interests, sometimes leading to significant payouts based on how well the company did. Overall, his financial package from Littelfuse highlighted the responsibilities and expectations placed on a CEO.

Year

2004

Total Compensation

$1.84M

Salary

$550.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate a high-quality management team, aligning executive compensation with company performance and shareholder value.

Bonus

$487.87K

Board Justification

The bonus is based on the company's performance metrics including sales, earnings per share, and cash flow for the fiscal year 2004.

Other

$803.78K

Board Justification

Other compensation includes life insurance premiums and consulting fees related to his retirement agreement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No restricted stock awards vested in 2004 as the awards were subject to performance goals and were not granted in that year.

Performance Metrics

Performance metrics include sales growth, earnings per share, and cash flow targets.

Other Littelfuse CEOs

Here are other CEOs of Littelfuse

Gordon Hunter

Ex-CEO of Littelfuse

January 2005 - January 2016