 
 
 
 
 
 
|
| Executive |
Company |
2016 Rank |
2016 total comp. |
2015 Rank |
2015 total comp. |
1-year percent change |
1-year percent stock change |
|
|
Inge Thulin |
3M Co. |
11 |
16,760,615 |
8 |
15,620,581 |
7.3 |
21.7 |
 | Title(s): |
Ch, P, CEO |
 |
2016 Revenue: |
$30,109,000,000 |
| 2016 Base Salary: |
$1,483,929 |
1-year % change: |
-0.5% |
| 1-year % change: |
2.5% |
2016 Profit: |
$5,050,000,000 |
| Bonus: |
$2,303,678 |
Stock Symbol: |
MMM |
| Miscellaneous: |
$560,110 |
Headquarters: |
Maplewood |
| Stock gains: |
$3,901,684 |
Company
Description: |
Global diversified technology company with products for health care; industrial; consumer and office; display and graphics; electronics and telecommunications; safety, security and protection; transportation and other markets |
| Shares Vesting: |
$8,511,214 |
|
|
|
Alan Hodnik |
Allete Inc. |
42 |
1,425,288 |
45 |
1,465,142 |
-2.7 |
30.9 |
 | Title(s): |
Ch, P, CEO |
 |
2016 Revenue: |
$1,339,700,000 |
| 2016 Base Salary: |
$613,584 |
1-year % change: |
-9.9% |
| 1-year % change: |
4.8% |
2016 Profit: |
$155,800,000 |
| Bonus: |
$436,029 |
Stock Symbol: |
ALE |
| Miscellaneous: |
$127,303 |
Headquarters: |
Duluth |
| Stock gains: |
|
Company
Description: |
Is an energy company in the Upper Midwest |
| Shares Vesting: |
$248,372 |
|
|
|
James Cracchiolo |
Ameriprise Financial Inc. |
12 |
15,083,018 |
1 |
41,829,330 |
-63.9 |
7.7 |
 | Title(s): |
Ch, CEO |
 |
2016 Revenue: |
$11,535,000,000 |
| 2016 Base Salary: |
$1,025,000 |
1-year % change: |
-1.7% |
| 1-year % change: |
0.0% |
2016 Profit: |
$1,427,000,000 |
| Bonus: |
$6,258,000 |
Stock Symbol: |
AMP |
| Miscellaneous: |
$608,761 |
Headquarters: |
Minneapolis |
| Stock gains: |
|
Company
Description: |
Diversified financial services company providing comprehensive financial planning needs of the mass affluent and affluent |
| Shares Vesting: |
$7,191,257 |
|
|
|
Arthur Przybyl |
ANI Pharmaceuticals Inc. |
23 |
4,750,811 |
41 |
1,809,651 |
162.5 |
34.3 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$128,622,000 |
| 2016 Base Salary: |
$572,000 |
1-year % change: |
68.5% |
| 1-year % change: |
0.6% |
2016 Profit: |
$3,934,000 |
| Bonus: |
$400,400 |
Stock Symbol: |
ANIP |
| Miscellaneous: |
$29,100 |
Headquarters: |
Baudette |
| Stock gains: |
$3,428,595 |
Company
Description: |
Makes prescription pharmaceuticals. ANI also performs contract manufacturing for other pharmaceutical companies. |
| Shares Vesting: |
$320,716 |
|
|
|
Joseph Puishys |
Apogee Enterprises Inc. |
14 |
9,221,760 |
10 |
14,199,310 |
-35.1 |
47.4 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$1,062,556,000 |
| 2016 Base Salary: |
$901,058 |
1-year % change: |
10.0% |
| 1-year % change: |
7.9% |
2016 Profit: |
$82,607,000 |
| Bonus: |
$2,045,000 |
Stock Symbol: |
APOG |
| Miscellaneous: |
$52,739 |
Headquarters: |
Edina |
| Stock gains: |
$3,788,125 |
Company
Description: |
Fabricates, distributes and installs glass products and systems |
| Shares Vesting: |
$2,434,838 |
|
|
|
Tony Isaac |
Appliance Recycling Centers of America |
67 |
338,482 |
NR |
|
|
6.7 |
 | Title(s): |
interim CEO |
 |
2016 Revenue: |
$103,589,000 |
| 2016 Base Salary: |
$338,482 |
1-year % change: |
-7.4% |
| 1-year % change: |
% |
2016 Profit: |
$-1,451,000 |
| Bonus: |
|
Stock Symbol: |
ARCI |
| Miscellaneous: |
|
Headquarters: |
St. Louis Park |
| Stock gains: |
|
Company
Description: |
Recycles major household appliances and sells appliances through its ApplianceSmart retail division |
| Shares Vesting: |
|
|
|
|
Christopher Metz |
Arctic Cat Inc. |
43 |
1,349,440 |
NR |
|
|
|
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$508,222,000 |
| 2016 Base Salary: |
$695,192 |
1-year % change: |
-16.7% |
| 1-year % change: |
% |
2016 Profit: |
$-77,451,000 |
| Bonus: |
|
Stock Symbol: |
ACAT |
| Miscellaneous: |
$167,496 |
Headquarters: |
Thief River Falls |
| Stock gains: |
|
Company
Description: |
Makes snowmobiles, all-terrain vehicles and related parts, garments and accessories |
| Shares Vesting: |
$486,752 |
|
|
|
Hubert Joly |
Best Buy Co. Inc. |
10 |
16,807,608 |
4 |
23,256,551 |
-27.7 |
67.7 |
 | Title(s): |
Ch, CEO |
 |
2016 Revenue: |
$39,403,000,000 |
| 2016 Base Salary: |
$1,175,000 |
1-year % change: |
-0.3% |
| 1-year % change: |
0.0% |
2016 Profit: |
$1,207,000,000 |
| Bonus: |
$2,878,750 |
Stock Symbol: |
BBY |
| Miscellaneous: |
$494,275 |
Headquarters: |
Richfield |
| Stock gains: |
|
Company
Description: |
A multi-national, multi-channel retailer of technology products and services. |
| Shares Vesting: |
$12,259,583 |
|
|
|
Charles Kummeth |
Bio-Techne Corp. |
30 |
2,780,459 |
33 |
3,111,132 |
-10.6 |
16.1 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$528,123,000 |
| 2016 Base Salary: |
$800,000 |
1-year % change: |
13.5% |
| 1-year % change: |
28.0% |
2016 Profit: |
$78,511,000 |
| Bonus: |
$1,221,097 |
Stock Symbol: |
TECH |
| Miscellaneous: |
$38,241 |
Headquarters: |
Minneapolis |
| Stock gains: |
|
Company
Description: |
Fka Techne, makes hematology controls and biotechnology products for research scientists. |
| Shares Vesting: |
$721,121 |
|
|
|
Sally Smith |
Buffalo Wild Wings Inc. |
28 |
3,393,662 |
17 |
10,416,256 |
-67.4 |
-3.3 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$1,986,793,000 |
| 2016 Base Salary: |
$875,000 |
1-year % change: |
9.6% |
| 1-year % change: |
4.0% |
2016 Profit: |
$94,745,000 |
| Bonus: |
$374,605 |
Stock Symbol: |
BWLD |
| Miscellaneous: |
$183,064 |
Headquarters: |
St. Louis Park |
| Stock gains: |
$230,952 |
Company
Description: |
A restaurant chain featuring a fast-casual grill and sports bar concept |
| Shares Vesting: |
$1,730,041 |
|
|
|
John Wiehoff |
C.H. Robinson Worldwide Inc. |
31 |
2,672,076 |
23 |
5,534,194 |
-51.7 |
21.0 |
 | Title(s): |
Ch, P, CEO |
 |
2016 Revenue: |
$13,144,413,000 |
| 2016 Base Salary: |
$1,167,000 |
1-year % change: |
-2.5% |
| 1-year % change: |
184.6% |
2016 Profit: |
$513,384,000 |
| Bonus: |
$936,604 |
Stock Symbol: |
CHRW |
| Miscellaneous: |
$23,344 |
Headquarters: |
Eden Prairie |
| Stock gains: |
|
Company
Description: |
Provides transportation services and logistics support |
| Shares Vesting: |
$545,128 |
|
|
|
Randall Sampson |
Canterbury Park Holding Corp. |
72 |
304,027 |
81 |
299,490 |
1.5 |
1.4 |
 | Title(s): |
P, CEO, CFO |
 |
2016 Revenue: |
$52,460,000 |
| 2016 Base Salary: |
$251,633 |
1-year % change: |
0.4% |
| 1-year % change: |
3.0% |
2016 Profit: |
$4,196,000 |
| Bonus: |
$34,961 |
Stock Symbol: |
CPHC |
| Miscellaneous: |
$17,433 |
Headquarters: |
Shakopee |
| Stock gains: |
|
Company
Description: |
Owns and operates Canterbury Park racetrack and Card Casino: thorugh its EntertainmentCo subsidiary and DevelopmentCo., a commercial real estate development company. |
| Shares Vesting: |
|
|
|
|
Kevin Gilligan |
Capella Education Co. |
24 |
4,732,424 |
37 |
2,716,017 |
74.2 |
95.0 |
 | Title(s): |
Ch, CEO |
 |
2016 Revenue: |
$429,390,000 |
| 2016 Base Salary: |
$787,653 |
1-year % change: |
-0.2% |
| 1-year % change: |
2.2% |
2016 Profit: |
$42,404,000 |
| Bonus: |
$1,821,933 |
Stock Symbol: |
CPLA |
| Miscellaneous: |
$14,245 |
Headquarters: |
Minneapolis |
| Stock gains: |
$1,352,366 |
Company
Description: |
Provides online education, primarily through Capella University, an online university. Capella also owns Sophia, technology to support self-paced learning and Capella Learning Solutions, a provider of online non-degree, high skills training. |
| Shares Vesting: |
$756,227 |
|
|
|
LuAnn Via |
Christopher & Banks Corp. |
36 |
2,026,564 |
53 |
866,577 |
133.9 |
-24.3 |
 | Title(s): |
former P, CEO |
 |
2016 Revenue: |
$381,605,000 |
| 2016 Base Salary: |
$827,782 |
1-year % change: |
-0.6% |
| 1-year % change: |
-2.6% |
2016 Profit: |
$-17,783,000 |
| Bonus: |
$285,600 |
Stock Symbol: |
CBK |
| Miscellaneous: |
$913,182 |
Headquarters: |
Plymouth |
| Stock gains: |
|
Company
Description: |
Retailer of women's clothing |
| Shares Vesting: |
|
|
|
|
Cheryl Beranek |
Clearfield Inc. |
41 |
1,438,122 |
51 |
904,999 |
58.9 |
40.0 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$77,864,000 |
| 2016 Base Salary: |
$306,024 |
1-year % change: |
25.5% |
| 1-year % change: |
8.4% |
2016 Profit: |
$7,403,000 |
| Bonus: |
$437,381 |
Stock Symbol: |
CLFD |
| Miscellaneous: |
$13,849 |
Headquarters: |
Plymouth |
| Stock gains: |
$297,900 |
Company
Description: |
Designer and manufacturer of fiber management products that enable broadband connectivity. |
| Shares Vesting: |
$382,968 |
|
|
|
Darin Hammers |
Cogentix Medical Inc. |
52 |
802,111 |
NR |
|
|
55.8 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$51,851,159 |
| 2016 Base Salary: |
$349,038 |
1-year % change: |
14.2% |
| 1-year % change: |
% |
2016 Profit: |
$-22,094,947 |
| Bonus: |
$405,123 |
Stock Symbol: |
UPI |
| Miscellaneous: |
$47,950 |
Headquarters: |
Minneapolis |
| Stock gains: |
|
Company
Description: |
Makes medical devices for the diagnosis and treatment of urologic disorders. |
| Shares Vesting: |
|
|
|
|
Roger Lacey |
Communications Systems Inc. |
69 |
330,308 |
76 |
350,186 |
-5.7 |
-36.7 |
 | Title(s): |
CEO |
 |
2016 Revenue: |
$99,353,000 |
| 2016 Base Salary: |
$275,000 |
1-year % change: |
-7.7% |
| 1-year % change: |
10.0% |
2016 Profit: |
$-8,113,000 |
| Bonus: |
$16,898 |
Stock Symbol: |
JCS |
| Miscellaneous: |
$17,825 |
Headquarters: |
Hector |
| Stock gains: |
|
Company
Description: |
Provides broadband connectivity infrastructure and services |
| Shares Vesting: |
$20,585 |
|
|
|
Subodh Kulkarni |
CyberOptics Corp. |
56 |
690,950 |
78 |
337,950 |
104.5 |
241.2 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$66,240,000 |
| 2016 Base Salary: |
$343,000 |
1-year % change: |
61.1% |
| 1-year % change: |
3.9% |
2016 Profit: |
$11,562,000 |
| Bonus: |
$340,000 |
Stock Symbol: |
CYBE |
| Miscellaneous: |
$7,950 |
Headquarters: |
St. Louis Park |
| Stock gains: |
|
Company
Description: |
Designs, develops and makes high precision 3D sensing technology solutions. CyberOptics sensors are used in a variety of industries to improve yield and productivity. |
| Shares Vesting: |
|
|
|
|
Lee Schram |
Deluxe Corp. |
17 |
7,445,143 |
30 |
3,444,384 |
116.2 |
33.8 |
 | Title(s): |
CEO |
 |
2016 Revenue: |
$1,849,062,000 |
| 2016 Base Salary: |
$925,833 |
1-year % change: |
4.3% |
| 1-year % change: |
2.8% |
2016 Profit: |
$229,382,000 |
| Bonus: |
$1,083,745 |
Stock Symbol: |
DLX |
| Miscellaneous: |
$21,287 |
Headquarters: |
Shoreview |
| Stock gains: |
$5,414,278 |
Company
Description: |
Sells checks, forms and marketing and other services to financial institutions, small businesses and consumers. |
| Shares Vesting: |
|
|
|
|
Ron Konezny |
Digi International Inc. |
37 |
1,774,863 |
56 |
796,818 |
122.7 |
-3.3 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$197,921,000 |
| 2016 Base Salary: |
$465,000 |
1-year % change: |
-4.3% |
| 1-year % change: |
32.3% |
2016 Profit: |
$12,704,000 |
| Bonus: |
$776,550 |
Stock Symbol: |
DGII |
| Miscellaneous: |
$11,375 |
Headquarters: |
Minnetonka |
| Stock gains: |
|
Company
Description: |
Makes data communications hardware and software products |
| Shares Vesting: |
$521,938 |
|
|
|
Tod Carpenter |
Donaldson Co. Inc. |
45 |
1,295,818 |
NR |
970,885 |
33.5 |
9.9 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$2,268,700,000 |
| 2016 Base Salary: |
$742,116 |
1-year % change: |
1.6% |
| 1-year % change: |
27.8% |
2016 Profit: |
$218,800,000 |
| Bonus: |
$106,330 |
Stock Symbol: |
DCI |
| Miscellaneous: |
$147,271 |
Headquarters: |
Bloomington |
| Stock gains: |
$257,140 |
Company
Description: |
Makes filtration systems and replacement parts |
| Shares Vesting: |
$42,961 |
|
|
|
Douglas Baker |
Ecolab Inc. |
5 |
25,315,464 |
3 |
23,772,803 |
6.5 |
3.8 |
 | Title(s): |
Ch, CEO |
 |
2016 Revenue: |
$13,152,800,000 |
| 2016 Base Salary: |
$1,187,500 |
1-year % change: |
-2.9% |
| 1-year % change: |
4.1% |
2016 Profit: |
$1,229,600,000 |
| Bonus: |
$1,699,100 |
Stock Symbol: |
ECL |
| Miscellaneous: |
$193,386 |
Headquarters: |
St. Paul |
| Stock gains: |
$18,350,338 |
Company
Description: |
Provides water, hygiene and energy technologies and services to food, hospitality, healthcare, industrial and oil and gas markets. |
| Shares Vesting: |
$3,885,140 |
|
|
|
David Klenk |
Electro-Sensors Inc. |
75 |
240,058 |
83 |
227,368 |
5.6 |
-3.4 |
 | Title(s): |
P, CEO, CFO |
 |
2016 Revenue: |
$7,087,000 |
| 2016 Base Salary: |
$210,000 |
1-year % change: |
-7.2% |
| 1-year % change: |
20.0% |
2016 Profit: |
$202,000 |
| Bonus: |
|
Stock Symbol: |
ELSE |
| Miscellaneous: |
$30,058 |
Headquarters: |
Minnetonka |
| Stock gains: |
|
Company
Description: |
Makes speed monitoring and control systems, and makes software for automated survey and hand printed character recognition |
| Shares Vesting: |
|
|
|
|
Kathleen Skarvan |
Electromed Inc. |
57 |
656,211 |
79 |
331,050 |
98.2 |
|
 | Title(s): |
CEO |
 |
2016 Revenue: |
$23,646,000 |
| 2016 Base Salary: |
$237,600 |
1-year % change: |
12.5% |
| 1-year % change: |
9.5% |
2016 Profit: |
$1,439,000 |
| Bonus: |
$397,999 |
Stock Symbol: |
ELMD |
| Miscellaneous: |
$20,612 |
Headquarters: |
New Prague |
| Stock gains: |
|
Company
Description: |
Makes products that provide airway clearance thearapy to patients with compromised pulmonary function |
| Shares Vesting: |
|
|
|
|
Robert White |
Entellus Medical Inc. |
53 |
797,911 |
59 |
713,406 |
11.8 |
12.5 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$75,184,000 |
| 2016 Base Salary: |
$468,000 |
1-year % change: |
22.1% |
| 1-year % change: |
5.8% |
2016 Profit: |
$-28,730,000 |
| Bonus: |
$321,895 |
Stock Symbol: |
ENTL |
| Miscellaneous: |
$8,016 |
Headquarters: |
Plymouth |
| Stock gains: |
|
Company
Description: |
Entellus Medical makes a balloon sinus dilation (BSD) device that offers a less invasive medical procedure for treatment of chronic sinusitis. |
| Shares Vesting: |
|
|
|
|
Dan Gladney |
Enteromedics Inc. |
60 |
463,722 |
NR |
92,605 |
400.8 |
-98.5 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$786,660 |
| 2016 Base Salary: |
$459,167 |
1-year % change: |
169.4% |
| 1-year % change: |
480.0% |
2016 Profit: |
$-23,360,844 |
| Bonus: |
|
Stock Symbol: |
ETRM |
| Miscellaneous: |
$4,555 |
Headquarters: |
St. Paul |
| Stock gains: |
|
Company
Description: |
A medical device company developing neuroblocking technology to treat obesity, metobolic diseases and other gastrointestinal disorders |
| Shares Vesting: |
|
|
|
|
Adam Wright |
Famous Dave's of America Inc. |
71 |
316,442 |
84 |
158,077 |
100.2 |
-28.7 |
 | Title(s): |
CEO |
 |
2016 Revenue: |
$99,179,000 |
| 2016 Base Salary: |
$238,846 |
1-year % change: |
-13.2% |
| 1-year % change: |
51.1% |
2016 Profit: |
$-2,942,000 |
| Bonus: |
|
Stock Symbol: |
DAVE |
| Miscellaneous: |
$77,596 |
Headquarters: |
Minnetonka |
| Stock gains: |
|
Company
Description: |
Operates a chain of pit barbecue restaurants |
| Shares Vesting: |
|
|
|
|
Douglas Milroy |
G&K Services Inc. |
18 |
7,246,511 |
12 |
11,636,199 |
-37.7 |
|
 | Title(s): |
Ch, CEO |
 |
2016 Revenue: |
$982,975,000 |
| 2016 Base Salary: |
$762,615 |
1-year % change: |
3.4% |
| 1-year % change: |
8.2% |
2016 Profit: |
$56,994,000 |
| Bonus: |
$629,066 |
Stock Symbol: |
GKSR |
| Miscellaneous: |
$206,139 |
Headquarters: |
Minnetonka |
| Stock gains: |
$883,635 |
Company
Description: |
Provider of branded uniforms and facility services. |
| Shares Vesting: |
$4,765,056 |
|
|
|
Kendall Powell |
General Mills Inc. |
13 |
14,302,884 |
9 |
14,815,089 |
-3.5 |
15.3 |
 | Title(s): |
Ch., CEO |
 |
2016 Revenue: |
$15,950,300,000 |
| 2016 Base Salary: |
$1,206,500 |
1-year % change: |
-7.7% |
| 1-year % change: |
0.5% |
2016 Profit: |
$1,632,100,000 |
| Bonus: |
$2,258,568 |
Stock Symbol: |
GIS |
| Miscellaneous: |
$187,903 |
Headquarters: |
Golden Valley |
| Stock gains: |
$5,540,625 |
Company
Description: |
Marketer of consumer foods |
| Shares Vesting: |
$5,109,288 |
|
|
|
Patrick McHale |
Graco Inc. |
16 |
7,977,846 |
28 |
4,247,052 |
87.8 |
17.4 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$1,329,293,000 |
| 2016 Base Salary: |
$772,900 |
1-year % change: |
3.3% |
| 1-year % change: |
3.0% |
2016 Profit: |
$40,674,000 |
| Bonus: |
$466,021 |
Stock Symbol: |
GGG |
| Miscellaneous: |
$13,961 |
Headquarters: |
Minneapolis |
| Stock gains: |
$6,724,964 |
Company
Description: |
Makes products to move, measure, control, dispense and spray fluid materials |
| Shares Vesting: |
|
|
|
|
Jon Sabes |
GWG Holdings Inc. |
50 |
878,153 |
62 |
606,305 |
44.8 |
23.3 |
 | Title(s): |
CEO |
 |
2016 Revenue: |
$69,477,334 |
| 2016 Base Salary: |
$491,546 |
1-year % change: |
75.3% |
| 1-year % change: |
2.4% |
2016 Profit: |
$-3,145,378 |
| Bonus: |
$386,607 |
Stock Symbol: |
GWGH |
| Miscellaneous: |
|
Headquarters: |
Minneapolis |
| Stock gains: |
|
Company
Description: |
Purchases and sells life insurance policies in the secondary market |
| Shares Vesting: |
|
|
|
|
James Owens |
H.B. Fuller Co. |
20 |
5,879,823 |
36 |
2,857,616 |
105.8 |
19.6 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$2,094,605,000 |
| 2016 Base Salary: |
$1,031,760 |
1-year % change: |
0.5% |
| 1-year % change: |
4.7% |
2016 Profit: |
$124,128,000 |
| Bonus: |
$474,511 |
Stock Symbol: |
FUL |
| Miscellaneous: |
$324,922 |
Headquarters: |
Vadnais Heights |
| Stock gains: |
$1,740,930 |
Company
Description: |
A global adhesives provider serving customers in the packaging, hygiene, electronics and assembly materials, paper converting, woodworking, construction, automotive and consumer businesses. |
| Shares Vesting: |
$2,307,700 |
|
|
|
Patrick Hawkins |
Hawkins Inc. |
44 |
1,321,436 |
49 |
1,004,282 |
31.6 |
-2.9 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$494,488,000 |
| 2016 Base Salary: |
$386,885 |
1-year % change: |
30.9% |
| 1-year % change: |
4.6% |
2016 Profit: |
$23,204,000 |
| Bonus: |
$279,084 |
Stock Symbol: |
HWKN |
| Miscellaneous: |
$52,281 |
Headquarters: |
Minneapolis |
| Stock gains: |
|
Company
Description: |
Manufacturer and distributor of bulk industrial chemicals |
| Shares Vesting: |
$603,186 |
|
|
|
Bradley Krehbiel |
HMN Financial Inc. |
63 |
382,243 |
80 |
321,404 |
18.9 |
51.5 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$35,550,000 |
| 2016 Base Salary: |
$307,500 |
1-year % change: |
22.1% |
| 1-year % change: |
2.5% |
2016 Profit: |
$6,350,000 |
| Bonus: |
$49,200 |
Stock Symbol: |
HMNF |
| Miscellaneous: |
$25,543 |
Headquarters: |
Rochester |
| Stock gains: |
|
Company
Description: |
Stock savings bank holding company |
| Shares Vesting: |
|
|
|
|
Jeffrey Ettinger |
Hormel Foods Corp. |
2 |
35,857,999 |
21 |
5,691,736 |
530.0 |
15.7 |
 | Title(s): |
Ch |
 |
2016 Revenue: |
$9,510,779,000 |
| 2016 Base Salary: |
$1,019,455 |
1-year % change: |
3.8% |
| 1-year % change: |
1.9% |
2016 Profit: |
$890,138,000 |
| Bonus: |
$5,492,600 |
Stock Symbol: |
HRL |
| Miscellaneous: |
$57,789 |
Headquarters: |
Austin |
| Stock gains: |
$29,288,155 |
Company
Description: |
Produces food products for consumers, retail grocers, food-service and industrial markets |
| Shares Vesting: |
|
|
|
|
William Ulland |
Ikonics Corp. |
73 |
293,475 |
82 |
281,925 |
4.1 |
0.5 |
 | Title(s): |
Ch, P, CEO |
 |
2016 Revenue: |
$17,569,901 |
| 2016 Base Salary: |
$279,500 |
1-year % change: |
0.0% |
| 1-year % change: |
4.1% |
2016 Profit: |
$-65,061 |
| Bonus: |
|
Stock Symbol: |
IKNX |
| Miscellaneous: |
$13,975 |
Headquarters: |
Duluth |
| Stock gains: |
|
Company
Description: |
Makes products for the creation and transfer of physical and visual images. The products rely on four primary technologies ultraviolet chemistry, film coating and construction, technical abrasive etching, and industrial inkjet printing. |
| Shares Vesting: |
|
|
|
|
Chad Stelzig |
Image Sensing Systems Inc. |
76 |
211,219 |
NR |
|
|
|
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$14,142,000 |
| 2016 Base Salary: |
$206,219 |
1-year % change: |
-7.1% |
| 1-year % change: |
% |
2016 Profit: |
$687,000 |
| Bonus: |
|
Stock Symbol: |
ISNS |
| Miscellaneous: |
$5,000 |
Headquarters: |
St. Paul |
| Stock gains: |
|
Company
Description: |
Develops video image processing technology, radar detection and automatic license plate recognition for use in advanced traffic management systems |
| Shares Vesting: |
|
|
|
|
Mark Gorder |
IntriCon Corp. |
61 |
449,485 |
70 |
454,309 |
-1.1 |
-9.0 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$68,009,000 |
| 2016 Base Salary: |
$418,000 |
1-year % change: |
-0.8% |
| 1-year % change: |
3.0% |
2016 Profit: |
$-2,974,000 |
| Bonus: |
|
Stock Symbol: |
IIN |
| Miscellaneous: |
$31,485 |
Headquarters: |
Arden Hills |
| Stock gains: |
|
Company
Description: |
Makes precision miniature medical and micro-miniature body-worn devices |
| Shares Vesting: |
|
|
|
|
Omar Ishrak |
Medtronic plc |
1 |
50,989,783 |
2 |
40,500,470 |
25.9 |
8.5 |
 | Title(s): |
Ch, CEO |
 |
2016 Revenue: |
$29,361,000,000 |
| 2016 Base Salary: |
$1,548,216 |
1-year % change: |
2.8% |
| 1-year % change: |
3.0% |
2016 Profit: |
$3,968,000,000 |
| Bonus: |
$6,070,758 |
Stock Symbol: |
MDT |
| Miscellaneous: |
$90,299 |
Headquarters: |
Fridley |
| Stock gains: |
$13,556,856 |
Company
Description: |
Develops medical technology products that treat cardiac and vascular diseases, diabetes, and neurological and musculoskeletal conditions. |
| Shares Vesting: |
$29,723,654 |
|
|
|
Todd Austin |
MGC Diagnostics Corp. |
64 |
364,970 |
74 |
396,328 |
-7.9 |
|
 | Title(s): |
CEO |
 |
2016 Revenue: |
$40,040,000 |
| 2016 Base Salary: |
$300,000 |
1-year % change: |
6.9% |
| 1-year % change: |
0.0% |
2016 Profit: |
$-3,774,000 |
| Bonus: |
|
Stock Symbol: |
ANGN |
| Miscellaneous: |
$64,970 |
Headquarters: |
Vadnais Heights |
| Stock gains: |
|
Company
Description: |
Parent company of Medical Graphics Corp. and MediSoft S.A., which make noninvasive cardiopulmonary diagnostic systems and related software. |
| Shares Vesting: |
|
|
|
|
Robert Demorest |
Mocon Inc. |
55 |
719,305 |
58 |
714,752 |
0.6 |
37.4 |
 | Title(s): |
Ch, P, CEO |
 |
2016 Revenue: |
$63,311,000 |
| 2016 Base Salary: |
$397,000 |
1-year % change: |
3.4% |
| 1-year % change: |
3.1% |
2016 Profit: |
$5,000,000 |
| Bonus: |
$212,118 |
Stock Symbol: |
MOCO |
| Miscellaneous: |
$16,287 |
Headquarters: |
Brooklyn Park |
| Stock gains: |
$93,900 |
Company
Description: |
Makes packaging and materials testing instrumentation |
| Shares Vesting: |
|
|
|
|
James "Joc" O'Rourke |
Mosaic Co. |
22 |
5,017,961 |
NR |
3,594,371 |
39.6 |
10.7 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$7,162,800,000 |
| 2016 Base Salary: |
$1,100,000 |
1-year % change: |
-19.5% |
| 1-year % change: |
23.1% |
2016 Profit: |
$297,800,000 |
| Bonus: |
$1,320,000 |
Stock Symbol: |
MOS |
| Miscellaneous: |
$396,223 |
Headquarters: |
Plymouth |
| Stock gains: |
|
Company
Description: |
Produces and distributes concentrated phosphate and potash, crop nutrition products and feed ingredients. |
| Shares Vesting: |
$2,201,738 |
|
|
|
Jeffrey Graves |
MTS Systems Corp. |
40 |
1,555,779 |
47 |
1,436,462 |
8.3 |
-21.6 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$708,925,000 |
| 2016 Base Salary: |
$647,500 |
1-year % change: |
26.2% |
| 1-year % change: |
1.6% |
2016 Profit: |
$17,425,000 |
| Bonus: |
$647,500 |
Stock Symbol: |
MTSC |
| Miscellaneous: |
$20,667 |
Headquarters: |
Eden Prairie |
| Stock gains: |
|
Company
Description: |
Makes test and simulation systems and related services, as well as industrial position sensors |
| Shares Vesting: |
$240,112 |
|
|
|
Bill Otis |
New Ulm Telecom Inc. |
66 |
352,864 |
NR |
|
|
39.1 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$42,319,146 |
| 2016 Base Salary: |
$290,000 |
1-year % change: |
% |
| 1-year % change: |
% |
2016 Profit: |
$2,854,487 |
| Bonus: |
$30,432 |
Stock Symbol: |
NULM |
| Miscellaneous: |
$32,432 |
Headquarters: |
New Ulm |
| Stock gains: |
|
Company
Description: |
Owns and operates phone, video, internet service providers in Minnesota and Iowa. |
| Shares Vesting: |
|
|
|
|
Richard Wasielewski |
Nortech Systems Inc. |
65 |
360,969 |
77 |
339,244 |
6.4 |
0.3 |
 | Title(s): |
CEO |
 |
2016 Revenue: |
$116,621,719 |
| 2016 Base Salary: |
$279,500 |
1-year % change: |
1.2% |
| 1-year % change: |
0.2% |
2016 Profit: |
$43,774 |
| Bonus: |
$10,117 |
Stock Symbol: |
NSYS |
| Miscellaneous: |
$71,352 |
Headquarters: |
Wayzata |
| Stock gains: |
|
Company
Description: |
An electronics manufacturing services company that provides wire and cable assemblies, printed circuit board assemblies, and complete box build assemblies for industrial equipment, aerospace/defense applications and medical devices. |
| Shares Vesting: |
|
|
|
|
Thomas Stoelk |
Northern Oil and Gas Inc. |
38 |
1,695,508 |
NR |
|
|
-28.8 |
 | Title(s): |
interim CEO, CFO |
 |
2016 Revenue: |
$144,903,496 |
| 2016 Base Salary: |
$508,333 |
1-year % change: |
-47.3% |
| 1-year % change: |
% |
2016 Profit: |
$-293,493,708 |
| Bonus: |
$758,333 |
Stock Symbol: |
NOG |
| Miscellaneous: |
$62,099 |
Headquarters: |
Wayzata |
| Stock gains: |
|
Company
Description: |
An independent non-operator energy company engaged in the exploration and development of oil and natural gas properties in North Dakota and Montana. |
| Shares Vesting: |
$366,743 |
|
|
|
G. Patrick Lynch |
Northern Technologies Intl. Corp. |
62 |
384,124 |
73 |
402,584 |
-4.6 |
-10.9 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$35,611,000 |
| 2016 Base Salary: |
$340,727 |
1-year % change: |
18.2% |
| 1-year % change: |
5.0% |
2016 Profit: |
$-336,000 |
| Bonus: |
$30,295 |
Stock Symbol: |
NTI |
| Miscellaneous: |
$13,102 |
Headquarters: |
Circle Pines |
| Stock gains: |
|
Company
Description: |
Makes materials science based industrial packaging products and systems and rust- and corrosion-inhibiting products |
| Shares Vesting: |
|
|
|
|
Daniel Baker |
NVE Corp. |
68 |
337,386 |
68 |
501,118 |
-32.7 |
-12.1 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$27,574,000 |
| 2016 Base Salary: |
$284,013 |
1-year % change: |
-5.5% |
| 1-year % change: |
2.0% |
2016 Profit: |
$12,522,000 |
| Bonus: |
$40,869 |
Stock Symbol: |
NVEC |
| Miscellaneous: |
$12,504 |
Headquarters: |
Eden Prairie |
| Stock gains: |
|
Company
Description: |
Developing "spintronics" nanotechnology |
| Shares Vesting: |
|
|
|
|
T. Michael Miller |
OneBeacon Insurance Group |
25 |
4,718,405 |
25 |
4,844,846 |
-2.6 |
37.3 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$1,194,400,000 |
| 2016 Base Salary: |
$500,000 |
1-year % change: |
0.7% |
| 1-year % change: |
0.0% |
2016 Profit: |
$107,400,000 |
| Bonus: |
$1,868,000 |
Stock Symbol: |
OB |
| Miscellaneous: |
$269,830 |
Headquarters: |
Minnetonka |
| Stock gains: |
|
Company
Description: |
Offers a range of specialty insurance products and services sold through independent
agents, brokers, wholesalers and managing general agencies. |
| Shares Vesting: |
$2,080,575 |
|
|
|
Charles MacFarlane |
Otter Tail Corp. |
47 |
1,118,709 |
44 |
1,475,754 |
-24.2 |
59.5 |
 | Title(s): |
P, CEO |
 |
2016 Revenue: |
$803,539,000 |
| 2016 Base Salary: |
$575,000 |
1-year % change: |
3.0% |
| 1-year % change: |
11.0% |
2016 Profit: |
$62,037,000 |
| Bonus: |
$395,710 |
Stock Symbol: |
OTTR |
| Miscellaneous: |
$7,375 |
Headquarters: |
Fergus Falls |
| Stock gains: |
|
Company
Description: |
Diversified corporation with investments in electric utility operations, manufacturing,
and plastics. |
| Shares Vesting: |
$140,624 |
|
The Star Tribune examined annual proxy statements and 10-K filings for the largest publicly held companies in Minnesota. All data are for the most recently completed fiscal year, which in most cases was the 2016 calendar year. Some executives were not included if their pay information was not available at press time. Executives are ranked based on total compensation. The Star Tribune counts salary, bonus, other compensation, the value of restricted stock that vested during the year and the value of options that were exercised during the year. Information was taken from proxy statements filed before June 1, 2017.
