Brian E. Lane
Also at Comfort Systems USA Inc
About
Brian E. Lane is a seasoned executive with 67 years of age as of the latest update. His academic foundation includes a Bachelor of Science in Chemistry and an MBA, preparing him for a significant leadership role in the corporate world.
Beginning his career with substantial experience at prominent companies, he developed deep expertise in the construction, engineering, and energy sectors. His 15-year tenure at Halliburton, followed by key roles at Capstone Turbine Corporation and Kvaerner, laid the groundwork for his future leadership accomplishments.
At FIX, his journey commenced in October 2003 when he first joined the company, and he swiftly progressed through several pivotal roles. His promotions from Vice President to Senior Vice President, then to Executive Vice President and Chief Operating Officer, followed by a stint as President and COO, underscore his valuable contributions to the organization.
Since December 2011, he has served as President and Chief Executive Officer, and his appointment as Director in November 2010 further reinforces his leadership presence. His extensive career combined with his deep industry insights have made him a key figure at FIX, influencing both day-to-day operations and strategic direction.
$FIX Performance Under Brian E. Lane
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Comfort Systems USA (FIX) | President and Chief Operating Officer | Mar 2010 - Dec 2011 | Former FIX role |
| Comfort Systems USA (FIX) | Executive Vice President and Chief Operating Officer | Promoted in Jan 2009 | Former FIX role |
| Comfort Systems USA (FIX) | Vice President and Senior Vice President for Region One | Since Oct 2003 | Former FIX role |
| Halliburton | Regional Director of Europe and Africa | N/A | Worked 15 years in various roles including business development, strategy, and project initiatives |
| Capstone Turbine Corporation | Regional Director | N/A | Former role at a distributed power manufacturer |
| Kvaerner | Vice President | N/A | Focused on the chemical industry |
External Roles
| Organization | Role | Date Range [N/A] |
|---|---|---|
| Main Street Capital Corporation | Board Member | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,002,000 | Annual | Fixed annual salary. |
| Life Insurance (Death Benefit) | $500,000 | As applicable | Coverage equals annual base salary, capped at $500,000. |
| Disability Insurance | $500,000 | As applicable | Coverage equals annual base salary, capped at $500,000. |
| Other Compensation | $22,384 | Annual | 401(k) match: $7,625; Insurance Premiums: $14,759; Fitness Reimbursement: $0. |
Performance Compensation
Corporate Financial Incentive
| Metric Category | Weight (%) | Threshold (% of target) | Maximum (% of target) | Actual Achievement (% of base salary) | Dollar Amount | Evaluation Period |
|---|---|---|---|---|---|---|
| EPS | 70% | 40% | 200% | 154% | $1,543,080 | 2023 |
| Free Cash Flow | 30% | 40% | 200% | 66% | $661,320 | 2023 |
| Total | 100% | N/A | N/A | 220% | $2,204,400 | 2023 |
Individual Performance Incentive
| Component | Weight (%) | Threshold (% of base salary) | Target (% of base salary) | Maximum (% of base salary) | Actual Achievement (% of base salary) | Dollar Amount | Evaluation Period |
|---|---|---|---|---|---|---|---|
| Individual Incentive | 10% | 5% | 10% | 20% | 15% | $150,300 | 2023 |
Additional Details
- Metrics: Corporate incentive is based on EPS (70%) and Free Cash Flow (30%) where each metric must meet a threshold of 40% of the target and can achieve up to 200% of the target.
- Weighting: Corporate Financial Incentive is weighted 90% and Individual Performance Incentive is weighted 10% of the total annual incentive opportunity.
- Vesting Schedule: Not applicable to non-equity incentive compensation.
- Other Conditions: No safety measure credit was earned in 2023 due to non-improvement in OSHA Recordable Incident Rate despite no work-related fatalities.