Mohawk's Lorberbaum Gets Pay Boost in 2011

Calhoun, GA, April 5, 2012 -- Mohawk Industries Chairman and CEO Jeffrey Lorberbaum made more money last year, according to a filing with the Securities and Exchange Commission.

The company reported that Lorberbaum's pay package rose 25% to $2.75 million in 2011, up from $2.19 million in 2010.

Lorberbaum received a base annual salary of $1 million, $961,190 in shares and non-equity incentive of $778,000. In 2010 he received $312,016 in stock shares.

Lorberbaum has been a director of the company since its acquisition of Aladdin Mills Inc. in 1994. He became CEO in 2001 and chairman in 2004.