MATTHEWS INTERNATIONAL CORP
For the period ended Feb 15, 2024. Filed Jan 16, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Feb 15, 2024 · Filed Jan 16, 2024
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Contents
Summary Compensation Table
| Name andPrincipal Position · Year (1) · Salary · Bonus · StockAwards (2) · Non-EquityIncentive PlanCompensation (3) · Change in Pension Value and Non-qualified Deferred Plan Compensation (4) · All Other Compensation (5) · Total | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joseph C. BartolacciDirector, President and Chief Executive Officer | 2023 | $1,037,838 | $— | $4,152,750 | $1,170,486 | $76,768 | $36,122 | $6,473,964 | ||||||
| 2022 | 1,006,975 | — | 3,819,500 | 1,161,820 | — | 62,076 | 6,050,371 | |||||||
| 2021 | 943,592 | — | 3,639,530 | 1,815,715 | 284,123 | 49,344 | 6,732,304 | |||||||
| Steven D. GackenbachGroup President,Memorialization | 2023 | 503,428 | — | 636,755 | 475,950 | 25,555 | 37,780 | 1,679,468 | ||||||
| 2022 | 469,615 | — | 1,111,475 | 382,989 | — | 39,254 | 2,003,333 | |||||||
| 2021 | 437,712 | — | 577,490 | 478,803 | 49,290 | 31,231 | 1,574,526 | |||||||
| Gary R. KohlPresident, SGK Brand Solutions | 2023 | 487,385 | — | 512,173 | 218,090 | 16,049 | 29,765 | 1,263,462 | ||||||
| 2022 | 455,365 | — | 1,119,114 | 120,393 | — | 22,370 | 1,717,242 | |||||||
| 2021 | 443,212 | — | 797,742 | 294,845 | — | 22,628 | 1,558,427 | |||||||
| Steven F. NicolaChief Financial Officer and Secretary | 2023 | 632,852 | — | 1,052,030 | 501,964 | 30,571 | 54,020 | 2,271,437 | ||||||
| 2022 | 597,212 | — | 1,680,580 | 482,358 | — | 42,800 | 2,802,950 | |||||||
| 2021 | 559,539 | — | 1,017,994 | 753,677 | 179,650 | 34,652 | 2,545,512 | |||||||
| Brian D. WaltersExecutive Vice President and General Counsel | 2023 | 444,681 | — | 553,700 | 302,345 | 17,248 | 26,261 | 1,344,235 | ||||||
| 2022 | 426,173 | — | 1,073,280 | 270,431 | — | 30,671 | 1,800,555 | |||||||
| 2021 | 399,346 | — | 577,490 | 422,703 | — | 19,323 | 1,418,862 | |||||||
(1) For the fiscal years ended September 30, 2023, 2022 and 2021.
(2) Amounts in this column reflect the grant date fair value of awards of restricted shares/units of Common Stock granted during fiscal 2023, 2022 and 2021 computed in accordance with Financial Accounting Standards Board ASC Topic 718; however, the estimate of forfeiture related to service-based vesting conditions is disregarded for purposes of this valuation. For details of individual grants of restricted share units during fiscal 2023, see the Grants of Plan-Based Awards table below. Performance-based shares that were forfeited in fiscal 2023 were as follows: 11,250 for Mr. Bartolacci, 1,700 for Mr. Gackenbach, 600 for Mr. Kohl, 3,100 for Mr. Nicola and 1,600 for Mr. Walters. Performance-based shares that were forfeited in fiscal 2022 were as follows: 11,833 for Mr. Bartolacci, 1,850 for Mr. Gackenbach, 505 for Mr. Kohl, 3,100 for Mr. Nicola and 1,500 for Mr. Walters. Performance-based shares that were forfeited in fiscal 2021 were as follows: 11,250 for Mr. Bartolacci, 1,700 for Mr. Gackenbach, 600 for Mr. Kohl, 3,100 for Mr. Nicola and 1,600 for Mr. Walters. The assumptions on which this valuation is based are set forth in Note 13 to the audited financial statements included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on November 17, 2023.
(3) The amounts shown in this column reflect amounts earned under the 2015 Incentive Plan in fiscal 2023, 2022 and 2021. For a full explanation of the operation of the Incentive Compensation Plan, refer to the narrative disclosure above and the Annual Incentive Compensation section of the Compensation Discussion and Analysis beginning on page 35 of this Proxy Statement.
(4) The amount shown in this column for the year ended September 30, 2023 for each of the named executive officers are discretionary contributions, if any, to a non-qualified deferred compensation plan. The amount shown in this column for the year ended September 30, 2021 for each of the named executive officers is the increase, if any, in the actuarial present value of the accumulated benefits under all defined benefit plans. For additional information regarding retirement benefits, see the “Retirement Benefits” section below.
(5) Amounts for fiscal 2023 represent one or more of the following: premiums for officer’s life insurance, incremental premiums for long-term disability insurance, matching contributions to the Company’s 401(k) Plan, financial services and educational assistance. The fiscal 2023 amounts for Mr. Bartolacci include matching contributions to the Company’s 401(k) Plan of $15,130. The fiscal 2023 amounts for Mr. Gackenbach include matching contributions to the Company’s 401(k) Plan of $11,608 and financial services of $11,429. The fiscal 2023 amounts for Mr. Kohl include matching contributions to the Company’s 401(k) Plan of $8,976 and financial services of $13,658. The fiscal 2023 amounts for Mr. Nicola include matching contributions to the Company’s 401(k) Plan of $22,578 and financial services of $14,495. The fiscal 2023 amounts for Mr. Walters include matching contributions to the Company’s 401(k) Plan of $13,888.
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