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CEO pay watch: Cardiovascular Systems Inc.

September 14, 2011 at 2:32AM

CEO PAY WATCH CARDIOVASCULAR SYSTEMS INC.

David Martin, president, CEOTotal compensation: $843,935 for the year ended June 30

Salary: $424,095

Non-equity incentive pay: $348,403

Other compensation: $71,437

Total fiscal 2011 return to shareholders: 225 percent

Note: Annual revenue of the New Brighton-based maker of medical devices to treat vascular and coronary diseases was up 22 percent for the year ended June 30 to $78.8 million. Martin took home 18 percent more than he did the year before, mainly from a 57 percent increase in annual incentive pay. Martin's other compensation consists of payments for housing, furniture rental, cleaning and related expenses of $49,398 and car and transportation expenses of $22,039.

According to the proxy, as part of Martin's initial recruitment package the company agreed to pay his commuting expenses from his home state of California to Minnesota.

PATRICK KENNEDY

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