SPX Flow Inc. Chief Executive Officer Marcus Michael received a 28 percent increase in compensation in fiscal 2017, bringing in $5.6 million, according to a filing with the Securities and Exchange Commission.

Michael received a base salary of $841,262, stock options of $3.5 million and nonequity incentive plan compensation of $1.3 million.

In 2016, his base salary was $825,000, and he received stock options worth just less than $3 million. He did not receive any nonequity incentive plan compensation in 2016.

Michael does not participate in the company’s pension plan.

Chief Financial Officer Jeremy Smeltser saw a compensation increase of about $1 million, raising his 2017 compensation to $3.2 million.

According to the filing, the company’s Enterprise Incentive Plan is geared toward driving business improvements.

Following a profitable fiscal year, all other executives listed in the filing also received an increase in compensation, along with bonuses equivalent to their base salaries.

Annual cash bonus awards for the executives are targeted at a percentage of year-end salary.

Target bonuses for most executives were unchanged for 2017.

SPX Flow is an industrial engineering company focused on providing solutions, supporting the expansion of global infrastructure.

The company’s annual meeting will be held Wednesday, May 9, at its headquarters in Charlotte.

Its stock closed Thursday at $49.19, up 48 cents.