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Selim A. Bassoul is the CEO of Middleby Corp, a company he joined in 2004. He is a graduate of the University of California, Berkeley, with a degree in business. Selim's leadership has driven the company to impressive financial success,...

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Selim A. Bassoul

Ex-CEO of Middleby

Education

Bachelor's degree from the University of California, Berkeley

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1960 - 65 years ago

CEO of Middleby for

14 years 1 month (Dec 2004 - Feb 2019)

Previous Experience

Various roles in the food service industry, including at the Middleby Corporation since 2004

Holdings

See how much did Selim A. Bassoul make over time.

Selim A. Bassoul’s stock holdings in Middleby Corp peaked at over $109 million in December 2021. Over the years, he has actively traded these shares, reflecting confidence in the company's future. His wealth fluctuated significantly, dipping to around $30 million...

Total Stock Sold

$76.42M

MIDD

$76.42M

3,684,524 MIDD shares

What if they kept their stock?

If Selim A. Bassoul didn't sell their stock, today they would have:
Extra MIDD3,684,524 shares worth $191.34M.
This is 150.37% and $114.92M more than what they got when they sold the stock.

Charitable Transactions

MIDD

188,790 shares

MIDD

Recent Charitable Transactions

MIDD

62,930 shares

MIDD

Dec 29, 2012

Charity

Insider Trading

See recent insider trades of Selim A. Bassoul.

MIDD

118,899 shares

MIDD

Mar 13, 2017

Received

MIDD

$600.34K

MIDD at $150.09/share

Mar 1, 2017

Sale

MIDD

62,709 shares

MIDD

Mar 17, 2016

Received

MIDD

$1.12M

MIDD at $111.73/share

May 21, 2015

Sale

MIDD

$585.47K

MIDD at $109.70/share

May 20, 2015

Sale

MIDD

$2.86M

MIDD at $109.47/share

May 14, 2015

Sale

MIDD

74,034 shares

MIDD

Mar 19, 2015

Received

MIDD

$912.40K

MIDD at $109.40/share

Feb 25, 2015

Sale

MIDD

$4.56M

MIDD at $108.96/share

Feb 20, 2015

Sale

MIDD

$478.74K

MIDD at $104.82/share

Feb 17, 2015

Sale

Compensation History

See how much did Selim A. Bassoul make over time.

Selim A. Bassoul’s total compensation varied greatly throughout his tenure at Middleby Corp. In 2011, it peaked at nearly $27.7 million, driven mostly by a large bonus based on exceeding performance targets. While his salary has remained around $1 million annually, bonuses linked to EBITDA performance reached as high as $8 million in certain years. His compensation model is performance-driven, making it clear that he is rewarded for driving company growth. In 2015, he earned $3.3 million in cash bonuses under the Value Creation Incentive Plan. His employment agreement includes a retirement benefit that grows with his salary, showing that the company invests in his long-term commitment.

Year

2009

Total Compensation

$4.55M

Salary

$1.00M

Board Justification

The compensation program is designed to attract and retain executive talent, link compensation with performance, and align executive interests with stockholder interests.

Bonus

$3.50M

Board Justification

The bonus awarded to Mr. Bassoul in respect of 2009 performance under the Management Incentive Compensation Plan, based on achieving predetermined EBITDA targets.

Other

$48.32K

Board Justification

Other compensation includes $30,000 in director's fees, $16,151 for a Company-provided automobile, a $1,375 Company contribution to a health savings account, and $796 of Company paid life insurance premiums.

Restricted Stock

$0.00(0 restricted stock)

Board Justification

No stock was vested in 2009 as the stock grants were subject to performance and time-based vesting requirements and were not fully vested.

Performance Metrics

The performance metrics for the bonus were based on achieving certain levels of EBITDA for the fiscal year.

Other Middleby CEOs

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