MORRISVILLE — The chief executive officer of ChannelAdvisor, a Morrisville-based ecommerce company, was paid $1.7 million in total compensation in 2018, down approximately $200,000 from his compensation of $1.9 million in 2017.
David Spitz has been CEO at ChannelAdvisor since 2015. He previously served as president and chief operating officer of the company.
A filing with the Securities and Exchange Commission Monday shows Spitz’s salary increased from $409,167 to $411,000 from 2017 to 2018.
He received $465,133 in 2018 in stock awards, down 37 percent from $738,990 in 2017. He received $464,516 in 2018 in option awards, down 38 percent from $745,213 in 2017.
In 2018, Spitz received $369,196 in nonequity incentive plan compensation. He did not receive any nonequity incentive plan compensation in 2017.
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The base salary of ChannelAdvisor executive chairman Scot Wingo was unchanged in 2016, 2017, and 2018 at $125,000.
ChannelAdvisor’s annual meeting will be held on May 1 at the company’s corporate headquarters in Morrisville.
Shares of ChannelAdvisor (NYSE: ECOM) closed at $12.20 on Thursday.
Its 52-week high is $15.65, its low $8.75.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
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