Saturday, March 7, 2020

Grand Rapids, Michigan-Based Wood Manufacturer Universal Forest Products Inc's Top-Tier Executives Average Pay and Benefits Raise Was a Blistering 23.7% Per Year During the Past 10 Years

From Company Proxy Statement filings with the SEC, below are Universal Forest Products' Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
  Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Universal Forest Products 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Matthew Missad CEO       3,774       3,730       3,730       3,558       3,558       2,783       2,783       2,015       2,015       1,711
Michael Cole CFO       1,708       1,679       1,679       1,683       1,683       1,332       1,332       1,009       1,009          899
Patrick Webster President and COO       2,793       2,756       2,756       2,778       2,778       2,155       2,155       1,555       1,555       1,250
Patrick Benton UFP Pres Northern Division       1,370       1,365       1,365       1,523       1,523       1,415       1,415          851  N/A   N/A 
Allen Peters UFP  Pres Western Division       2,001       1,660       1,660       1,608       1,608       1,348       1,348          951          951          799
 Totals      11,646     11,190     11,190     11,150     11,150       9,033       9,033       6,381       5,530       4,659
Annual % Change vs Prior Year 4.1% 0.4% 23.4% 41.6% 18.7%
 5 Year Average Per Year % Change 17.6%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Universal Forest Products 2013 2012 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Matthew Missad CEO       1,711       1,291       1,291          736          737          520          520          530  N/A   N/A 
Michael Cole CFO          899          633          633          461          462          510          510          504          504          320
Patrick Webster President and COO       1,250          983          983          774          775          852          852          853          853          379
Patrick Benton UFP Pres Northern Division        
Allen Peters UFP  Pres Western Division          799          688          688          421          421          433
Robert Lees Pres UFP Eastern Division          854          654          654          478          479          578          578          399          399          365
Scott Greene EVP New Business Development          581          615          615          490          490          375
Michael Glenn Former CEO  N/A   N/A        1,226       1,320       1,320          685
 Totals        5,513       4,249       4,249       2,870       3,455       3,508       4,301       4,096       3,566       2,124
Annual % Change vs Prior Year 29.7% 48.0% -1.5% 5.0% 67.9%
5 Year Average Per Year % Change 29.8%
10 Year Average Per Year % Change 23.7%