MTRN · MATERION Corp · Executive Compensation

$250.22 +10.50 (+4.38%) At close · Oct 21

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$4.99B

20.83M

Volume · Oct 21 292.51K Avg daily vol (3M) 311.89K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$982,693	—	$2,960,100	$779,921	—	$72,188	$4,794,902
Shelly M. Chadwick	Vice President, Finance and Chief Financial Officer	$520,673	—	$1,344,220	$171,593	—	$34,699	$2,071,185
Shelly Chadwick	Vice President, Finance and Chief Financial Officer	$520,673	—	$1,344,220	$171,593	—	$34,699	$2,071,185
Gregory Chemnitz	Vice President, General Counsel and Secretary	$494,650	—	$395,215	$80,333	—	$27,302	$1,040,324

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$944,039	—	$3,470,929	$973,071	$335,358	$135,085	$5,858,482
Shelly M. Chadwick	Vice President, Finance and Chief Financial Officer	$495,270	—	$976,862	$211,932	$112,645	$60,902	$1,857,611
Shelly Chadwick	Vice President, Finance and Chief Financial Officer	$495,270	—	$976,862	$211,932	$112,645	$60,902	$1,857,611
Gregory Chemnitz	Vice President, General Counsel and Secretary	$478,185	—	$513,318	$111,365	$85,610	$42,517	$1,230,995

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$881,731	—	$3,350,228	$973,351	$650,793	$115,761	$5,971,864
Shelly M. Chadwick	Vice President, Finance and Chief Financial Officer	$469,731	—	$1,113,303	$207,630	$216,249	$42,075	$2,048,988
Shelly Chadwick	Vice President, Finance and Chief Financial Officer	$469,731	—	$1,113,303	$207,630	$216,249	$42,075	$2,048,988
Gregory Chemnitz	Vice President, General Counsel and Secretary	$461,683	—	$565,177	$128,501	$169,117	$43,799	$1,407,138

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$821,154	—	$1,864,814	$544,434	$1,191,471	$80,669	$4,502,542
Shelly M. Chadwick	Vice President, Finance and Chief Financial Officer	$444,193	—	$564,545	$127,048	$410,325	$20,214	$1,566,325
Shelly Chadwick	Vice President, Finance and Chief Financial Officer	$444,193	—	$564,545	$127,048	$410,325	$20,214	$1,566,325
Gregory Chemnitz	Vice President, General Counsel and Secretary	$441,596	—	$388,804	$87,466	$323,978	$33,263	$1,275,107

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$771,154	—	$1,739,520	$508,112	$1,346,680	$88,368	$4,453,834
Shelly M. Chadwick	Vice President, Finance and Chief Financial Officer	$425,331	—	$528,232	$119,518	$509,752	$12,538	$1,595,371
Shelly Chadwick	Vice President, Finance and Chief Financial Officer	$425,331	—	$528,232	$119,518	$509,752	$12,538	$1,595,371
Gregory Chemnitz	Vice President, General Counsel and Secretary	$425,231	—	$399,812	$90,470	$407,707	$34,998	$1,358,218

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$778,846	—	$1,272,900	$383,854	$59,175	$78,197	$2,572,972
Shelly M. Chadwick	Vice President, Finance and Chief Financial Officer	$32,308	$144,500	$919,974	—	—	$1,327	$1,098,109
Shelly Chadwick	Vice President, Finance and Chief Financial Officer	$32,308	$144,500	$919,974	—	—	$1,327	$1,098,109
Gregory Chemnitz	Vice President, General Counsel and Secretary	$436,050	—	$327,139	$75,510	$18,553	$13,850	$1,002,355
Joseph P. Kelley	Former Vice President, Finance and Chief Financial Officer	$269,591	—	$465,272	$107,399	—	$39,236	$922,772
Stephen F. Shamrock	Vice President, Corporate Controller and Investor Relations	$277,502	$75,000	$196,565	—	$7,351	$17,722	$574,140

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$734,615	$933,333	$1,866,357	$570,525	$892,350	$85,520	$5,082,700
Joseph P. Kelley	Former Vice President, Finance and Chief Financial Officer	$427,492	—	$675,496	$159,513	$404,030	$39,216	$1,766,110
Gregory Chemnitz	Vice President, General Counsel and Secretary	$412,392	—	$477,252	$112,713	$310,860	$16,350	$1,655,828

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$718,269	$466,667	$1,361,268	$389,962	$1,305,000	$17,769	$4,258,935
Joseph P. Kelley	Former Vice President, Finance and Chief Financial Officer	$421,800	—	$1,083,980	$119,296	$590,520	$28,125	$2,243,721
Gregory Chemnitz	Vice President, General Counsel and Secretary	$407,700	—	$378,780	$84,281	$456,625	$15,838	$1,419,939

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jugal Vijayvargiya	President and Chief Executive Officer	$544,615	—	$1,024,623	$350,678	$1,149,687	$60,562	$3,130,165
Joseph P. Kelley	Vice President, Finance and Chief Financial Officer	$406,615	—	$295,568	$72,225	$485,743	$11,095	$1,301,833
Gregory Chemnitz	Vice President, General Counsel and Secretary	$404,765	—	$248,406	$60,702	$416,647	$4,648	$1,281,149

Executive changes

Person	Role	Change	Effective	Filed
Thomas T. Edman	director	Appointed	2026-01-21	2025-12-11
Melissa A. Fashinpaur	Chief Accounting Officer	Appointed	2025-06-01	2025-05-22
Shelly M. Chadwick	principal accounting officer	Appointed	2023-08-28	2023-08-08
John M. Zaranec	Division Chief Financial Officer – Performance Materials	Appointed	2023-08-28	2023-08-08

Leadership

Jugal Vijayvargiya CEO
John M. Zaranec CFO, Chief Accounting Officer
Joseph P. Kelley CFO
Shelly Chadwick CFO
Shelly M. Chadwick CFO, Chief Accounting Officer
Stephen F. Shamrock CFO, Head of Investor Relations
Gregory Chemnitz General Counsel
Melissa A. Fashinpaur Chief Accounting Officer
Emily Liggett Board Member
Thomas T. Edman Board Member

Key facts CIK 1104657 CUSIP 576690101 13F (30d) 53 filings 52 filers Visit website Investor relations