Mayville Engineering (MEC) executive compensation, 2026 proxy

Jagadeesh (Jag) A. Reddy, President and Chief Executive Officer, was paid $3.2M in 2025, down 14% from $3.7M the year before. The CEO-to-median-employee pay ratio was 61:1, on median employee pay of $51,848.

Filed
March 10, 2026
Annual meeting
April 21, 2026
Pay year
2025
Named executives
6
CEO total pay
$3.2M-14% vs prior year
CEO to median employee
61:1median $51,848
CEO pay in equity
75%$2.4M in awards
CEO Base Salary
$736,450For fiscal 2025
CEO Stock Awards
$2,380,000Grant date fair value
CFO Total Compensation
$930,500Rachele M. Lehr
Median Employee Pay
$51,848Annual total compensation
CEO Pay Ratio
61:1Ratio to median employee

How Reddy was paid

$3.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary23%Stock awards75%All other compensation2%

Named executive officers

ExecutiveTotal
Jagadeesh (Jag) A. ReddyPresident and Chief Executive Officer$3,183,288
Rachele. M. LehrChief Financial Officer$930,500
Ryan F. RaberExecutive Vice President, Strategy, Sales & Marketing$1,556,300
Sean P. LeubaSenior Vice President, General Counsel and Secretary$812,381
Craig D. NicholsSenior Vice President, Operations and Supply Chain$1,099,647
Todd M. ButzFormer Chief Financial Officer$1,300,592

What changed and why

  • $3.2MCEO Jagadeesh A. Reddy total compensation decreased to $3,183,288 in 2025 from $3,692,318 in 2024.
  • $715KBase salary for the CEO increased from $715,000 to $736,450 for fiscal 2025.
  • $2.4MStock awards granted to the CEO increased to $2,380,000 compared to $2,000,000 in the prior year.
  • $51,848The CEO to median employee pay ratio was calculated at 61 to 1 based on median employee pay of $51,848.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.