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DEF 14A
ACETO CORP filed this Form DEF 14A on 10/20/2017
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EXECUTIVE COMPENSATION

 

As noted above, for purposes of our discussion of executive compensation, Salvatore Guccione (who stepped down as President and Chief Executive Officer on September 27, 2017) is treated as a named executive officer and William Kennally (who commenced serving as President and Chief Executive Officer effective as of October 2, 2017) is not treated as a named executive officer.

 

SUMMARY COMPENSATION TABLE

 

The following table sets forth certain information regarding the compensation of our named executive officers for the fiscal years ended June 30, 2017, June 30, 2016 and June 30, 2015. Except as set forth below, no other compensation was paid to these individuals during the years presented. Mr. Kaczmarek commenced employment with us effective as of August 1, 2016. As a result, the compensation reflected below with respect to Mr. Kaczmarek reflects compensation for 11 months.

  

Name and
Principal Position
    Year   Salary($)   Bonus
($)(1)
   Stock
Awards
($)(2)
   Option
Awards
($)(3)
   Non-Equity
Incentive Plan
Compensation    
($)(4)
   All Other
Compen-
sation
($)(6)
   Total ($) 
                                 
Salvatore Guccione   2017   $619,914   $-   $1,134,423   $149,600   $282,749   $90,273   $2,276,959 
President and Chief Executive   2016    605,205    -    1,441,823    -    394,908(5)   101,955    2,543,891 
Officer   2015    584,810    -    843,938    -    443,326(5)   100,592    1,972,666 
                                         
Douglas Roth   2017    377,060    -    617,042    -    114,654    57,624    1,166,380 
Chief Financial Officer   2016    368,100    -    782,785    -    217,009(5)   66,788    1,434,682 
    2015    353,998    -    486,350    -    220,226(5)   76,596    1,137,170 
                                         
Walter Kaczmarek, III   2017    429,327    150,000    1,610,600    -    169,037    307,677    2,666,641 
Chief Operating Officer                                        
                                         
Albert L. Eilender   2017    455,649    -    1,081,533    -    173,930    59,457    1,770,569 
Chairman   2016    425,000    -    1,204,940    -    255,922    63,539    1,949,401 
    2015    425,000    -    745,999    -    314,018    64,728    1,549,745 
                                         
Frank DeBenedittis   2017    332,342    -    390,141    -    90,287    46,968    859,738 
Senior Vice President   2016    326,751    -    494,229    -    114,808    48,918    984,706 
    2015    314,987    -    297,825    -    138,483    49,974    801,269 

 

(1) Bonuses paid during 2017, 2016 and 2015 pursuant to the Company’s bonus plan are reflected under the column entitled “Non-Equity Incentive Plan Compensation.”  The Company did not pay discretionary bonuses during 2017, 2016 and 2015 with the exception of a sign-on bonus paid to Mr. Kaczmarek in 2017; all other bonuses were performance-based.

 

(2) Amounts shown in this column reflect the aggregate grant date fair value of restricted stock awards and restricted stock units granted during the year computed in accordance with generally accepted accounting principles.

 

(3) Amounts shown in this column reflect the aggregate grant date fair value of stock option awards granted during the year computed in accordance with generally accepted accounting principles. There were no stock options granted to our named executive officers during fiscal 2016 and 2015.

 

(4) Reflects cash bonuses under the Company’s bonus plan. Bonuses listed for a particular year represent bonuses earned with respect to such year even though the bonuses were paid during the first quarter of the subsequent year.

 

(5) The bonus amount for Mr. Guccione includes $39,491 and $39,338 of restricted stock, which was received by Mr. Guccione in lieu of a portion of his bonus for fiscal years 2016 and 2015, respectively. The bonus amount for Mr. Roth includes $18,201 and $19,027 of restricted stock, which was received by Mr. Roth in lieu of a portion of his bonus for fiscal years 2016 and 2015, respectively.

 

(6) All Other Compensation consists of the personal use of a Company owned automobile, contributions to retirement plans, reimbursement of relocation expenses and compensation recognized from the issuance of premium shares of restricted stock as described in footnote 7 as follows:  

 

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