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,...

Number of Employees

10.72K

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.

SEC Filing

From March 24, 2010

Selim A. Bassoul

Ex-CEO of Middleby

SA

Education

Bachelor's degree from the University of California, Berkeley

Field of Expertise

Business & Management

Born

January 1, 1960 - 65 years ago

Is Founder?

No

Tenure

14 years 1 month (Dec 2004 - Feb 2019)

Previous Experience

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