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Posted October 23. 2013 1:08PM

NHBR: Standex CEO retirement package worth millions

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Fix, who announced in August he was stepping down after 10 years as CEO to chair the board of directors, received compensation totaling $2.6 million last year, which was actually a half-million dollar cut from the year before, according to the proxy. But that proxy also spelled out Fix’s retirement package. His pension plan is valued at more than $1 million, and he will be able to accelerate stock options valued at $3.2 million on June 30, the end of the fiscal year.