Astec raises Brock’s pay 11%
Astec Industries boosted the compensation for its chief executive officer, J. Don Brock, by more than 11 percent last year to $986,615, according to the company’s notice this week of its April 28 annual shareholders meeting.
Brock, who founded the asphalt equipment maker nearly four decades ago, took home more in stock awards, but his base salary of $545,000 did not change.
Despite the income gain in 2010 over the previous year, Brock still earned nearly a third less last year than he did in 2008 when his compensation package totaled more than $1.3 million.
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