Stephen D. Kelley is the President and CEO of Advanced Energy Industries. He holds a Master's Degree in Business Administration and has an impressive career spanning years in the semiconductor industry. Before joining Advanced Energy in 2021, Kelley was the...

Number of Employees

10K

Year

2023

Total Compensation

$2.16M

Salary

$947.92K

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture, linking a significant portion of executive compensation to company performance and aligning interests with shareholders.

Bonus

$1.19M

Board Justification

The bonus is based on the company's performance metrics under the 2023 Short-Term Incentive Plan, which includes revenue, non-GAAP operating income, and adjusted cash flow. The actual bonus awarded was $1,191,063, reflecting a corporate achievement of 100.3% for the year.

Other

$16.35K

Board Justification

Other compensation includes a 401(k) employer matching contribution of $13,200 and an executive physical benefit valued at $3,150.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock options or restricted stock units were exercised in 2023, but 32,849 shares of performance stock units vested during the year.

Performance Metrics

The performance metrics for 2023 included revenue, non-GAAP operating income from continuing operations, and adjusted cash flow.

SEC Filing

From March 15, 2024