The chief executive officer of SPX Flow Inc., a global manufacturer and industrial equipment supplier, received a 37.5 percent increase in total compensation in 2017, according to a filing with the Securities and Exchange Commission.

Marcus Michael received $5.5 million in compensation in 2017, up from $4 million in 2016.

His base salary increased to $841,262 in 2017 up from $825,000 in 2016. He saw an increase in stock awards to $3.7 million in 2017 from $2.9 million in 2016.

SPX Flow reporting earnings of $46.4 million in 2017, up from a loss of $381.1 million in 2016. Impairment of goodwill and intangible assets decreased $442.2 million in 2017.

Michael has served as chief executive officer since January 2016. Prior to that, he served as president of food and beverage from August 2013 to December 2015.

The Charlotte-based company stock is down 0.83 percent at $51.01 in Friday morning trading.

The annual shareholders meeting will be held May 9 at 8 a.m. at the offices of SPX Flow.