Synutra International CEO Liang Zhang Sees Decrease In Total Compensation

Synutra International, Inc.’s chief executive officer saw a 9.45 percent decrease in total compensation in the company’s 2016 fiscal year due to a decrease in sales, according to a filing with the Securities and Exchange Commission.

Liang Zhang’s total compensation for the fiscal year totaled $353,804, down from $390,739 in the company’s 2015 fiscal year.

Zhang’s salary for fiscal year 2016 was $278,586, down 4.94 percent from his fiscal year 2015 base salary of $293,055. The Rockville-based company said in its filing that none of the executive officers received any grants of options or other stock-based awards during the fiscal year ended March 31, 2016.

Synutra, an infant formula company, reported a 5 percent decrease in sales for the second quarter of fiscal 2017 due to delays in an expansionary project. In September, the company held a grand opening ceremony in for the launch of its French facility.

“Our French facility will enable Synutra to capitalize on consolidation opportunities and expanding our market share under new government regulations,” said Zhang in a November press release.

Given the strong acceptance to the company’s made-in-France products, it expects to generate net profit between $10 and $15 million in fiscal 2017.

Synutra International’s annual meeting will be Friday, March 17, at 11 a.m. local time, at its international building, located at 106 Dong Lu Yuan, Tongzhou District, Beijing 101101, China.

The company’s shares closed Jan. 20 at $5.60.