Thursday, October 10, 2019

Cincinnati, Ohio-Based Plastics Industry Manufacturer Milacron Holdings Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Completely Off-the-Charts 111% Per Year During the Past Four Years Since Its 2015 IPO. Legendary Ira Boots, Who Was Previously Chairman and CEO of the Very Successful Evansville, Indiana-Based Berry Plastics, is Now Chairman of Milacron Holdings.

The fourth Democratic 2020 Presidential candidate debate will be held on October 15, 2020 at Otterbein University in Westerville, Ohio, a Columbus suburb.  It's good to see that the New York Times will be one of the hosts.  The quality and relevance of the questions should improve substantially from what they were in the first three debates where the key economic issues played such a minor role.

The key issue to Ohio citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.

While increasing the US federal minimum wage will help here, there is a much broader and critical problem that needs to be solved.  The annual percentage increase in the pay and employee benefits of Company non-executive employees are minuscule in relation to that of Company executive employees and this has been going on for decades.  When Corporate CEOs and CFOs primarily view non-executive employees as Costs rather than as People, this is what happens. And neither political party has had the courage to take on US Corporations here.

Thus I will be doing research and making posts on the average annual pay and employee benefits increase per year that the Top-Tier Executives of large Ohio Companies were rewarded with in the past ten years.

 The 57th Ohio Company I am addressing here is Milacron Holdings Corp.

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart at the bottom below shows Milacron Holdings Corp's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past four years since its 2015 IPO.
  
Milacron Holdings Corp's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a completely off-the-charts 111.0% per year during these past four years, which is the second highest of the 57 large Ohio-related Companies I have addressed so far.

  1. TransDigm Group +243.1% per year for the past ten years
  2. Milacron Holdings +111.0% per year for the past four years
  3. Worldpay +49.0% per year for the past seven years
  4. Installed Building Products +34.9% per year for past six years
  5. General Motors +29.5% per year for the past ten years
  6. Advanced Draining Systems +25.7% per year for the past five years
  7. Wendy's +24.2% per year for the past ten years
  8. Welltower +24.0% per year for the past ten years
  9. State Auto Financial +23.5% per year for the past ten years
  10. Greif Inc +23.5% per year for the past ten years
  11. Cardinal Health +23.3% per year for the past ten years
  12. Timken Company +23.3% per year for the past ten years
  13. Worthington Industries +23.0% per year for the past ten years
  14. Cedar Fair L.P. +22.5% per year for the past ten years
  15. Cooper Tire & Rubber +22.4% per year for the past ten years
  16. MPLX LP +22.4% per year for the past five years
  17. RPM International +21.8% per year for the past ten years
  18. Scotts Miracle-Gro +21.5% per year for the past ten years
  19. Cintas Corp +20.7% per year for the past ten years
  20. Andeavor Logistics LP +20.6% per year for the past seven years
  21. Teradata +20.2% per year for nine years
  22. Cleveland-Cliffs +19.4% per year for the past ten years
  23. Multi-Color Corp +19.3% per year for nine years
  24. Marathon Petroleum Corp +18.7% per year for the past ten years
  25. Huntington Bancshares +18.4% per year for the past ten years
  26. Fifth Third Bancorp +18.0% per year for the past ten years
  27. STERIS plc +15.7% per year for the past ten years
  28. Nordson Corp +15.3% per year for the past ten years
  29. GrafTech International +14.9% per year for the past ten years
  30. Materion Corp +14.7% per year for the past ten years
  31. American Electric Power +14.5% per year for the past ten years
  32. Forest City Realty Trust +13.2% per year for seven years
  33. First Financial Bancorp +12.7% per year for the past ten years
  34. Eaton Corp plc +12.7% per year for the past ten years
  35. Cincinnati Financial +12.3% per year for the past ten years
  36. Progressive Corp +12.1% per year for the past ten years
  37. Sherwin-Williams +12.0% per year for the past ten years
  38. Parker-Hannifin +12.0% per year for the past ten years
  39. Owens-Illinois +11.7% per year for the past ten years
  40. The Kroger Company +11.2% per year for the past ten years
  41. Air Transport Services Group +10.8% per year for the past ten years
  42. FirstEnergy +10.2% per year for the past ten years
  43. TFS Financial Corp +10.2% per year for nine years
  44. KeyCorp +9.8% per year for the past ten years
  45. Chemed Corp +9.7% per year for the past ten years
  46. E,W. Scripps +9.1 per year for the past ten years
  47. PolyOne Corp +9.1% per year for the past ten years
  48. J. M. Smucker +8.8% per year for the past ten years
  49. Dana Inc +8.4% per year for the past ten years
  50. Lancaster Colony +8.0% per year for the pat ten years
  51. Lincoln Electric Holdings +7.6% per year for the past ten years
  52. American Financial Group +7.6% per year for the next ten years
  53. Procter & Gamble +7.4% per year for the past ten years
  54. Macy's +6.6% per year for the past ten years
  55. Owens Corning +6.3% per year for the past ten years
  56. Goodyear Tire & Rubber +5.4% per year for the past ten years
  57. L Brands +2.0% per year for the past ten years


FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec
Milacron Holdings 2018 2017 2017 2016 2016 2015 2015 2014
Top-Tier Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Goeke CEO           4,419           4,143           4,143               942               942           5,402           5,402           1,298
Chalmers CFO           2,379           2,364           2,364               484               484           1,436           1,436           1,261
Krisanda Former COO  N/A   N/A            1,578           1,835           1,835               932
Gallagher CFO  N/A   N/A   N/A   N/A 
Francy Former CFO  N/A   N/A 
 Totals        6,798       6,507       6,507       1,426       3,004       8,673       8,673       3,491
Annual % Change vs Prior Year 4.5% 356.3% -65.4% 148.4%
4 Year Average Per Year % Change 111.0%