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Applied Industrial Technologies Investor Investigation concerning Executive Compensation
An investigation for Applied Industrial Technologies investors over potential breaches of fiduciary duties was announced and current Applied Industrial Technologies (NYSE-AIT stockholders should contact the Shareholders Foundation.
Investors who are current long-term stockholders of shares of Applied Industrial Technologies , have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain directors and officers of Applied Industrial Technologies harmed the company by agreeing to pay certain of Applied Industrial Technologies’
Applied Industrial Technologies reported that its Total Revenue rose from over $1.89 billion for the 12 months period that ended on June 30, 2010 to over $2.37 billion for the 12 months period that ended on June 30, 2012 and its Net Income for the respective time periods increased from $65.90 million to $108.78 million.
Shares of Applied Industrial Technologies grew from $14.97 per share in March 2009 to as high as $44.64 per share on September 14, 2012.
The total compensation of certain top officials at Applied Industrial Technologies increased between 2010 and 2012. For instance the President and COO’s pay rose from over $2.21 million in 2010 to over $2.86 million in 2012, the VP, CFO and Treasurer’s compensation increased from over $2.08 million in 2010 to over $2.22 million in 2012, and the VP, General Counsel and Secretary’s pay rose from over $1.52 million in 2010 to over $1.82 million in 2012.
Those who are current long-term stockholders of Applied Industrial Technologies shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.