BURLINGTON — Laboratory Corporation of America Holdings’ CEO saw a 7.3 percent increase in total compensation in the company’s 2017 fiscal year due to an increase in compensation from non-qualified stock options, according to a Securities and Exchange Commission filing.

David P. King’s total compensation for the fiscal year came out to $11.6 million, up from $10.8 million in the company’s 2016 fiscal year.

His compensation from non-qualified stock options was $1.5 million in fiscal year 2017 after receiving no compensation from those options in fiscal year 2016.

King’s salary for fiscal year 2017 was $1.1 million, a slight increase on his salary from the previous year. His stock awards decreased 12 percent to $6.7 million in fiscal year 2017 from $7.6 million in fiscal year 2016.

Executive Vice President and Chief Financial Officer Glenn A. Eisenberg saw his fiscal year 2017 compensation decline 17 percent despite also receiving increased compensation from non-qualified stock options of $373,000.

His stock awards decreased 43 percent to $1.5 million in fiscal year 2017 from $2.8 million in fiscal year 2016.

Eisenberg’s base salary increased slightly to $666,000, according to the filing, which can be found online.

The company, referred to as LabCorp, operates a national network of clinical laboratories that provide tests and services for a broad amount of treatments.

LabCorp reported revenue of $10.2 billion in fiscal year 2017, an increase of 8.2 percent compared to the previous fiscal year. Its earnings per share increased 8.7 percent to $9.60 in the 2017 fiscal year.

LabCorp’s annual meeting will be Thursday, May 10, at 9 a.m. Eastern time. The meeting will be online and can be accessed by shareholders at LH.onlineshareholdermeeting.com.

The company’s shares sat at $158.95 midday Monday, down 1.7 percent from the day’s opening. This comes after the company hit its lowest closing price last week since December 2017.

This story is from the North Carolina Business News Wire, a service of UNC-Chapel-Hill’s School of Media and Journalism