Michael Speetzen is the CEO of Polaris Inc., a role he stepped into on April 30, 2021, after serving as the Interim CEO. Before joining Polaris in August 2015, he worked as the CFO at Xylem, a water technology company....

Current Market Cap

$4.64B

Number of Employees

18.5K

Total Compensation

2021 - 2023

Trending down by -50.42% last year
Showing total compensation for the last 2021 - 2023

Stock

Down by -100.00% last year

Salary

Up by 4.53% last year

Bonus

Up by 0.00% last year

Other

Down by -16.15% last year

Year

2023

Total Compensation

$1.34M

Salary

$1.12M

Board Justification

The compensation philosophy is based on a pay-for-performance model that aligns executive compensation with corporate strategy and performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$220.56K

Board Justification

Includes Company matching contributions to the 401(k) Plan and SERP, life insurance premiums, and the aggregate incremental cost of perquisites.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus is on stock grants and options that are not included in total calculations.

Performance Metrics

The primary performance metric for determining payout of the annual cash incentive award was adjusted earnings per diluted share (Adjusted EPS).

SEC Filing

From March 13, 2024

Michael Speetzen

CEO of Polaris

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Education

MBA from Thunderbird School of Global Management; Bachelor's in Management from Purdue University.

Field of Expertise

Finance & Banking - Finance

Born

April 1, 1970 - 54 years ago

Is Founder?

No

Current Tenure

3 years 5 months (Apr 2021 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer of Polaris