February 9, 2018
Pay Ratio: Another Disclosure
– Broc Romanek
This pay ratio disclosure is on page 10 of Gencor’s proxy statement:
Mr. John Elliott had fiscal 2017 total compensation of $463,138, as reflected in the Summary Compensation Table included in this Proxy. We estimate that the median annual compensation for all Gencor employees, excluding our CEO, was $50,975 for 2017. As a result, Mr. John Elliott’s 2017 annual compensation was approximately 9 times that of the median annual compensation for all employees.