Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
60. Dennis Polk, Synnex: $2.59M
Position: Chief Operating Officer and Director
Bonus: $1.02M
Stock Award: $652,000
Salary: $459,000
Option Award: $450,000
Other Compensation: $13,000
Polk joined Synnex 15 years ago, and was promoted to the COO role in July 2006. He became a member of the company's board of directors in February 2012.
The fiscal year for Synnex ended Nov. 30, with sales for the Fremont, Calif.-based distributor growing 5.4 percent to $14.06 billion and net income jumping 12.7 percent to $234.9 million. Synnex's stock rose 24.8 percent during the company's 2016 fiscal year to $116.91 per share.
Other compensation for Polk included $9,000 of dividend payments on unvested restricted stock awards, $3,000 associated with spouse attendance at a company event mandatory for executives (plus related tax reimbursement), and $1,000 for company contributions to his 401(k) retirement savings plan.